Traffic Data Security with Blockchain | NYU Tandon School of Engineering

Traffic Data Security with Blockchain

Technology Management and Innovation
Emerging Technologies
Traffic Data Security with Blockchain
Project Type:
Technology Strategy
Project Sponsor:

Blockchain for IOT

Students leveraged Blockchain technology to provide Smart Contracts (emerging tools used to establish consensus on transactions between counterparties without an intermediary) for service-level agreements.  Instead of a trusted third party intermediary, an algorithmic process called proof-of-work provides the consensus, thereby eliminating the middle-man. Students explored smart contracts for charge-back models to reimburse usage of API's. 

Keywords: Blockchain, Smart Contracts

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