ROAD attempts to create a full-lifecycle interaction and accounting system for cars based on blockchain technology, which we call the car ledger. The auto ledger builds the ROAD car networking and smart transportation ecosystem with individual interaction and cluster intelligence, realizes related commercial applications, and uses the blockchain to realize the confirmation and privacy protection of user data, and at the same time build ROAD Token, which is coordinated through ROAD Token Resource exchange between vehicle nodes and heterogeneous links. ROAD is driven by business and continuously expands business practices and business projects to achieve an increasing systemic marginal effect of increasing the overall number of participants. The commercial application of ROAD is oriented to data transaction, second-hand car circulation, auto finance and other after-vehicle transaction scenarios, as well as the business opportunities of the Internet of Vehicles in the 5G environment.
ROAD Token is ROAD's native encrypted digital use-type token and an important part of ROAD's economic system. ROAD Token is generated based on the INT public chain smart contract. ROAD follows the principle of increasing marginal benefits as more people participate. The initial distribution of ROAD Token is led by the ROAD Foundation.
Project goal
ROAD is driven by business, provides users with a car ledger based on blockchain storage, and builds and enriches the application ecology of the car ledger. Based on the auto ledger, it can realize sufficient data transaction, information exchange, auto finance and other commercial applications, fully protect user privacy, and explore and practice feasible business models.
Project Background
1) The scale of the automotive aftermarket continues to increase
China's car ownership reached 330 million in 2019, while the global car ownership exceeded 1.2 billion According to relevant research reports, the future automobile data related market will reach 800 billion US dollars per year, and the current automobile data collection, confirmation and The trading environment is the weakest link in the industry infrastructure.
2) The rapid development of 5G and blockchain will give birth to a new business paradigm of the Internet of Vehicles
The rapid and large-scale commercial use of 5G has made vehicles with extremely high requirements for communication capabilities. The networking industry is growing at a rapid pace. Starting from the second half of 2020, new vehicles will be pre-installed with CV2X on a large scale. The stock car can also realize 5G networking and intelligence through the post-installed OBD. The rapid development of the Internet of Vehicles will give birth to a large number of new usage scenarios and business models.
3) Automobile data has higher and higher circulation and application value
In the whole life cycle of automobiles, starting from the manufacturing process, to sales, maintenance, daily use, The generation of every kind of data, such as circulation, has important application value to the scene at that time. However, the highly discrete state of these dynamic data distributions makes it difficult to collect, confirm, and fidelity, and also lead to a large number of black-box transactions in the automotive data market. As a data contributor, car owners often cannot obtain benefits. In view of this situation, the EU has enforced GDPR since May 2018, and car companies or other service providers have no right to use car owner data without user authorization. The blockchain confirmation of car data and the coordination of interests of each transaction unit (token mechanism) will change the status quo of car data transactions.
4 ) Global leading auto companies are increasing the R&D and application of the Internet of Vehicles blockchain
In 2016, BMW and other companies launched the Auto Industry Blockchain Open Alliance MOBI, by promoting blockchain standards, accelerates the adoption of blockchain, distributed ledgers and related technologies in the mobility industry, while Continental, Toyota, and Mercedes-Benz are also launching blockchain business attempts.
Road technology implementation
ROAD will exist in the entire ecosystem of the Internet of Things in the form of a parallel chain of INT Chain, aiming to solve the problems of intelligent transportation and Internet of Vehicles. Connect with INT Chain, realize interconnection with other Internet of Things systems, and jointly reconstruct the future world of Internet of Everything. In terms of technical architecture, ROAD will adopt the technical advantages of INT Chain, and will also develop its own unique technology according to the system characteristics of the Internet of Vehicles path.
ROAD System Architecture
The overall architecture of ROAD is divided into three layers (as shown below):
1. Data production layer (including collection and submission);< /p>
2. Data storage layer (including data and transaction verification, distributed storage of massive data and transaction records, and on-chain storage of key data);
3. Application layer (including data publishing, search and computation, user applications);
