An Energy-Efficient Transaction Model for the Blockchain-Enabled Internet of Vehicles (IoV)

The blockchain is a safe, reliable, and innovative mechanism for managing numerous vehicles seeking connectivity. However, following the principles of the blockchain, the number of transactions required to update ledgers poses serious issues for vehicles as these may consume the maximum available en...

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Bibliographic Details
Published inIEEE communications letters Vol. 23; no. 2; pp. 246 - 249
Main Author Sharma, Vishal
Format Journal Article
LanguageEnglish
Published New York IEEE 01.02.2019
The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects
Authentication
Blockchain
Clustering
Cryptography
Energy conservation
Energy consumption
energy-efficiency
Intelligent vehicles
Internet
Internet of Vehicles
IoT
IoV
Mathematical models
Peer-to-peer computing
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Summary:The blockchain is a safe, reliable, and innovative mechanism for managing numerous vehicles seeking connectivity. However, following the principles of the blockchain, the number of transactions required to update ledgers poses serious issues for vehicles as these may consume the maximum available energy. To resolve this, an efficient model is presented in this letter, which is capable of handling the energy demands of the blockchain-enabled Internet of Vehicles by optimally controlling the number of transactions through distributed clustering. Numerical results suggest that the proposed approach is 40.16% better in terms of energy conservation and 82.06% better in terms of the number of transactions required to share the entire blockchain data compared with the traditional blockchain.
ISSN:1089-7798
1558-2558
DOI:10.1109/LCOMM.2018.2883629