A Study on Decentralized Autonomous Organizations Based Intelligent Transportation System enabled by Blockchain and Smart Contract
Jiachen Hou, Wenwen Ding, Xiaolong Liang, Fenghua Zhu, Yong Yuan, Fei–Yue Wang
Abstract
With the rapid development of the transportation industry, Intelligent Transportation System (ITS) tries to adapt to industry changes through constructing new organizational forms, management methods, and incentive mechanisms. However, many new governance issues have arisen due to the transportation system’s complexity, diversity, and uncertainty. DAO(Decentralized autonomous organization) enabled by blockchain and smart contracts are regarded as effective methods to solve the organizational governance problems for complex systems. Therefore, this article analyzes the main issues currently faced by ITS. Then, this paper proposed a 6-layer DAO structure framework for ITS and discussed its key research issues. Finally, a case study for the Macau transportation system is carried out, and further research directions are proposed. The DAO-based transportation system will represent the future trend of ITS development. This paper aims to motivate more discussion for this new direction and provide helpful guidance and reference for future research work.