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Article
The Potential for Blockchain and Artificial Intelligence to Enhance the Transport Sector
Author(s)
Karlson ‘Charlie’ Hargroves1, Daniel Conley1 and Bela Stantic2
Full-Text PDF XML 645 Views
DOI:10.17265/1934-7359/2021.03.003
Affiliation(s)
1. Curtin University Sustainability Policy Institute, Perth 6845, Australia
2. Big Data and Smart Analytics Lab, Griffith University, Brisbane, QLD 4111, Australia
ABSTRACT
This paper outlines
research that explores a range of digitally-driven opportunities and challenges
in seeking to get cities moving and functioning better; with a focus on the
application of Artificial Intelligence and Blockchain technologies. The paper
identifies specific potential applications and outlines where such technology
can provide tangible benefits for the transport sector and the associated
policy and management structures. Specific benefits explored include cost
savings (such as digital payment mechanisms, virtual toll collection and
congestion charging, capital deferment through greater network utilisation);
time savings (from improved transport network operation and management
processes); improved operations (such as real-time pay-as-you-drive systems
with network differential pricing ability); improved safety (from less
collisions and reduced impacts); improved user experience (such as improved
platforms and automated payments for parking and bookings); and improved
freight and logistics (such as secure storage of time-stamped travel-related
data). The paper presents a set of industry partner-preferred use cases such as
congestion management, road user pricing, asset management,
mobility-as-a-service, and freight logistics. The paper outlines specific
opportunities for Artificial Intelligence and Blockchain technology to provide
value to transport agencies and service providers either individually or in
combination. The paper highlights risks and rewards for the transport sector,
including a further review of early findings from the application of such
technologies in transport sectors around the world. This
research has been developed with funding and support provided by Australia’s
Sustainable Built Environment National Research Centre (SBEnrc) and its
partners, and has been presented at the CIB World Building Congress 2019.
KEYWORDS
Blockchain, transport, artificial intelligence.
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