Blockchain and AI-integrated vehicle-based dynamic parking pricing scheme

Nowadays, searching for parking is a tedious and cruising task. Also, static parking pricing leads to traffic congestion, air pollution, and illegal parking in parking areas because the driver always chooses the nearest parking. Intelligent Transportation System (ITS) mainly focuses on roadside traffic and road issues, while parking problems are generally not considered. But, parking a vehicle consumes a major time of traveling trip. Hence, it is required to research parking management and pricing. In this article, we have proposed Artificial Intelligence (AI) and Blockchain (BC) based integrated architecture to predict parking availability and parking pricing rates based on vehicle type and nonpeak time (i.e., demand is low). Prices are predicted based on distance, time, provided services, vehicle type using intelligent algorithms. All parking service providers are connected to the BC Network (BN), which brings them at the same platform for fair and transparent pricing distribution. Also, BC ensures the security and privacy of parking service provider's and driver's information. We have also presented the performance evaluation and result analysis of the proposed model.