Security Mechanism for Vehicle Identification and Transaction Authentication in the Internet of Vehicle (IoV) Scenario: A Blockchain Based Model

Internet of Vehicle (IoV) is now changing the landscape of Transportation System-paving the way of the so called Intelligent Transport System as it is being powered by the plethora of converging smart sensors and technologies. However, beyond its potential, this technology is still in a ground zero level considering the many facets of issues and concerns that needs to be addressed prior to its full implementation. One of the never ending and unresolved issues is on the area of Security and Privacy. In fact, security and privacy is always the prevailing concern not only of that of IoV but also in other areas of Communication and Network dependent systems. On this note, this paper directs the utilization of the Blockchain Technology Coupled with Public Key Cryptography as a security mechanism for Vehicle Identification and Transaction Authentication in IoV scenario. It lays down also the associated network model for a Blockchain based security processes. It also defines and describes the IoV Block and Blockchain requirements and conditions as the block are being propagated in the network.