Smart Carpool

Abstract

In the rapidly evolving need for transportation, the Carpool App has wit- nessed the remarkable growth, offering convenience and accessibility for trans- portation in need. However, the current rise in fuel prices, increasing environmental concerns and the fall in the economy has made car ownership a dream for many salaried individuals, students and other citizens. In response, Car- pooling industry has emerged as a hope, providing a cost- effective solution by sharing empty seats of car hence, eliminating the need of car ownership. In this Project, I aim to provide a technology solution to tackle problems in theconventional Carpool paradigm by using the powerful impact of blockchain technology. By using Blockchain, I aim to create a fair and secure payment method where passengers and drivers can interact directly without anyintervention. They often don’t get their full share of money due to third party involvement. [1] In this regard, decentralization eliminates the need forcentral authority. This benefits both passengers and drivers in terms of saving money, ensuring privacy, and enhancing security. I tested the idea using Ethereum Blockchain and executed Smart Contracts to facilitate seamless payment method. This model has gained popularity in urban areas because it allows people to virtually own a car by paying a small fare. It’s a cost-effectiveand advantageous solution for both passengers and drivers by merging the Blockchain technology with Carpool App.