Blockchain for Intelligent Transportation Systems: Applications, Challenges, and Opportunities

Blockchain technology has the potential to revolutionize the way intelligent transportation systems (ITSs) operate in smart cities. By providing a secure and decentralized platform for data exchange and storage, blockchain can enhance the security, privacy, and interoperability of ITS systems. Blockchain technology can be used for various applications in ITS, including secure data exchange between vehicles, infrastructure, and service providers, smart contracts for autonomous vehicles, and decentralized marketplaces for transportation services. However, implementing blockchain in ITS comes with its own set of challenges, including scalability and high computational power requirements. Despite the challenges, blockchain technology offers significant opportunities for ITS in smart cities, enabling new business models and promoting innovation in transportation services. In this article, we study existing challenges, applications, and future requirements for ITS. We discuss the challenges of the ITS and their impact on smart cities. Blockchain-enabled applications are provided with performance analysis based on the critical parameters of ITS. We also derive the security requirements for future ITS. Finally, we provide some opportunities and possible research areas within the ITS to develop smart cities.