AI-Powered Blockchain - A Decentralized Secure Multiparty Computation Protocol for IoV

The rapid advancements in autonomous technologies have paved way for vehicular networks. In particular, Vehicular Ad-hoc Network (VANET) forms the basis of the future of Intelligent Transportation System (ITS). ITS represents the communication among vehicles by acquiring and sharing the data. Though congestion control is enhanced by Internet of Vehicles (IoV), there are various security criteria where entire communication can lead to many security and privacy challenges. A blockchain can be deployed to provide the IoV devices with the necessary authentication and security feature for the transfer of data. Blockchain based IoV mechanism eliminates the single source of failure and remains secure at base despite having strong security, the higher level layers and applications are susceptible to attacks. Artificial Intelligence (AI) has the potential to overcome several vulnerabilities of current blockchain technology. In this paper, we propose an AI-Powered Blockchain which provides auto coding feature for the smart contracts making it an intelligent contract. Moreover, it speeds up the transaction verification and optimises energy consumption. The results show that intelligent contracts provide higher security compared to smart contracts considering range of different scenarios.