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Emerging blockchain solutions in the mobility ecosystem: Associated risks and areas for applications

Author

Listed:
  • Cemal Zehir

    (Professor, Faculty of Economics and Administrative Sciences, Yildiz Technical University, Davutpasa Cad., Esenler, 34220, Istanbul, Turkey)

  • Melike Zehir

    (School of Business, Ibn Haldun University, Ulubatli Hasan Cad., No: 2 Basaksehir, 34494, Istanbul, Turkey)

Abstract

This study aims to identify the most influential blockchain types for potential implementation areas in the transforming mobility ecosystem, considering application area-specific needs such as transparency, transaction speed, scalability, energy usage, security, and operating cost. The study demonstrated the hybrid blockchain suitability for most of the 13 distinguished mobility applications, while private and consortium blockchains are found applicable based on the needs of specific use cases. A public blockchain is only found suitable for two of the use cases. Proof of Authority and Proof of Stake matches well with most use cases, while Practical Byzantine Fault Tolerance and Proof of Work could be suitable in particular.

Suggested Citation

  • Cemal Zehir & Melike Zehir, 2022. "Emerging blockchain solutions in the mobility ecosystem: Associated risks and areas for applications," Bussecon Review of Social Sciences (2687-2285), Bussecon International Academy, vol. 4(2), pages 01-14, April.
    • Handle: RePEc:adi:bsrsss:v:4:y:2022:i:2:p:01-14
    DOI: 10.36096/brss.v4i2.394
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    References listed on IDEAS

    as
    1. Cemal Zehir & Melike Zehir & Alex Borodin & Zahid Farrukh Mamedov & Sadiq Qurbanov, 2022. "Tailored Blockchain Applications for the Natural Gas Industry: The Case Study of SOCAR," Energies, MDPI, vol. 15(16), pages 1-19, August.
    2. Andoni, Merlinda & Robu, Valentin & Flynn, David & Abram, Simone & Geach, Dale & Jenkins, David & McCallum, Peter & Peacock, Andrew, 2019. "Blockchain technology in the energy sector: A systematic review of challenges and opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 100(C), pages 143-174.
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