Please describe your proposed solution.
1- Connected Car Market Size
Vehicles, transforming into IoT devices with heightened internet capabilities, are increasing connectivity. The connected car industry is projected to expand from 200 million units globally in 2021 to over 800 million by 2035 [1]. Additionally, the worldwide connected car market grew to 65 billion USD in 2021, with expectations of reaching approximately 121 billion USD by 2025 [1].
2- Privacy and Security Challenges in Connected Cars and Blockchain's Role
The escalating connectivity in vehicles triggers increasing privacy and security concerns. Typically, vehicles connect to centralized servers, including those of manufacturers. This enhanced connectivity broadens the potential "attack area" for malicious activities, allowing cars to be hacked from wireless to CAN Bus [2].
The automotive and mobility sectors recognize these problems, resulting in numerous published articles and research papers highlighting the role of Blockchain in securing IoT vehicles and maintaining their privacy [3] [4] [5].
3- The Necessity of Genuine Web3 Solutions in Connected Car Blockchain
Blockchain solutions for the automotive industry should be truly decentralized Web3 solutions, avoiding any involvement of centralized servers in vehicle data transmission to the Blockchain. Regrettably, many Blockchain solutions falsely advertise as real Web3 solutions when they merely embody Web2 centralization cloaked in Web3 marketing. Centralized entities control these systems.
Moxie Marlinspike provides compelling examples of this issue in the blockchain industry in a recent blog post [6]. Conversely, PeakChain is striving to create an authentic Web3 automotive solution, where car data is neither influenced by centralized servers nor controlled by centralized entities.
4- PeakChain Hardware Wallet Features:
To materialize the above, we are developing a hardware device for car connectivity with the following features:
· Direct connectivity between the car and hardware via a dedicated OBD2 port, present in almost every car.
· Internet connection through an inbuilt sim card.
· Exclusive connectivity between our hardware and the Cardano Blockchain for transaction submissions, sans any intermediate server.
· Retrieval of sensitive data from the vehicle, such as speed, time, engine RPM, etc.
· Raw output data capture in a special CAN Bus format.
· Decoding of this data into a human-readable format using embedded software.
· Full Cardano node and wallet operation on the hardware.
· After each trip, the hardware submits a transaction to the Cardano blockchain, embedding the metadata of the previously obtained vehicle data.
This hardware is poised to merge many Web3 mobility solutions on Cardano. See the following section for potential application domains of the PeakChain hardware component.
References
[1] strategy&, Part of the PwC network, "Digital Auto Report 2021, acceleration towards the new normal "- volume1 <https://www.strategyand.pwc.com/de/en/industries/automotive/digital-auto-report-2021/strategyand-digital-auto-report-2021-vol1.pdf>
[2] Sen Nie, Ling Liu, and Yuefeng Du. Free-fall: hacking Tesla from wireless to can bus. Briefing, Black Hat USA, pages 1–16, 2017.
[3] A. Dorri, M. Steger, S. S. Kanhere and R. Jurdak, "BlockChain: A Distributed Solution to Automotive Security and Privacy," in IEEE Communications Magazine, vol. 55, no. 12, pp. 119-125, Dec. 2017, doi: 10.1109/MCOM.2017.1700879.
[4] J. Halabi and H. Artail, "A Lightweight Synchronous Cryptographic Hash Chain Solution to Securing the Vehicle CAN bus," 2018 IEEE International Multidisciplinary Conference on Engineering Technology (IMCET), 2018, pp. 1-6, doi: 10.1109/IMCET.2018.8603057.
[5] Falco, G., & Siegel, J.E. (2020). Assuring Automotive Data and Software Integrity Employing Distributed Hash Tables and Blockchain. ArXiv, abs/2002.02780.
[6] Moxie Marlinspike, "My first impressions of web3", My first impressions of web3 , "Jan 07, 2022".
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
Mobility, as a sector, is one of the largest and fastest-growing in terms of market size and user numbers. However, the hardware as proposed above has the potential to unlock countless mobility solutions exclusively for the Cardano Blockchain. This will, in turn, increase the demand for Cardano blockchain by increasing retail users and boosting the adoption of Cardano by automotive manufacturers and mobility service providers. The PeakChain hardware component can be applied in various domains:
1- Remote Software Update: With the significant pace of vehicle digitalization and ECU (Electronic Control Units) growth, continuous software maintenance and updates are needed. Our hardware component can perform these updates in a decentralized way through blockchain transactions, reducing the attack surface for malicious actors.
2- Insurance: Our hardware device can securely collect sensitive driving data, like speed and braking behavior, directly from the vehicle and transmit it to the Blockchain. Only permitted actors can decode the driving data on the Blockchain using their private keys, providing a customizable and secure insurance solution.
3- Electric Vehicles: Centralized data management can pose a risk for electric vehicles. Our hardware solution enables secure and private data communication through the Blockchain for electric cars. It can adapt automatic vehicle charging based on the customer's needs and typical journey habits.
4- Car-sharing Services: Our hardware enables car-sharing services and cars to maintain secure, private, and decentralized communication with the customers and Blockchain. Customers can securely transact with the vehicle and pay in a peer-to-peer way, keeping their driving behavior and travel trajectory private.
5- Fleet Management: Fleet management data is essential for business development and competitiveness. Our specialized hardware, embedded in the vehicles, can retrieve and transmit the necessary data securely, enhancing privacy and security in fleet management.
6- Ridesharing/Ride-hailing Services: Our hardware device connected to the vehicle ensures the secure management of customer and car data using the Blockchain. It also facilitates secure peer-to-peer payment between the customer and the car using the car wallet and customer wallet through a Cardano Native token.
Each of these applications will be implemented in our proposals submitted in fund 10: PeakChain Car-Sharing Platform, PeakChain Fleet Management Platform, and PeakChain Uber on Cardano.
References:
[1] Wadhwani, P. W., & Saha, P. (2020). Car Sharing Market Size by Model. Global Market Insights. Available: Car Sharing Market Trends 2023 - Global Statistics 2032
[2] Fleet Management Market 2017-2022. Available: Fleet Management Market 2017-2022 - Focus on Operations, Information, Risk, Vehicle Maintenance & Leasing, Safety & Compliance
[3] Mobility on Demand Market. Available: Ride Sharing Market Share, Size, Value & Forecast – 2030
How do you intend to measure the success of your project?
The success of our project will be gauged through a combination of both quantitative and qualitative measures.
Quantitative Measures:
- Completion of User Stories: We will track the successful completion of each user story within our sprints, with a focus on meeting the clear acceptance criteria we have establishe
- Project Milestones: We'll measure the successful delivery of the increment within its timelin
- Code Quality Metrics: We will leverage software quality metrics to ensure the highest quality of our deliverable
Qualitative Measures:
- User Feedback: We will collect and analyze feedback from our user
- Community Engagement: We will gauge community engagement and sentiment via social media channels, discussion forums, and other platform
In terms of the project's impact on Cardano’s productivity and growth, in the short term, our project aims to deliver tangible, functional solutions that address existing challenges. The improvements we make will contribute to enhancing the overall efficiency of the Cardano ecosystem.
In the long term, our project aims to foster innovation within the ecosystem. By providing reliable and high-quality solutions, we'll encourage more developers and businesses to build on the Cardano blockchain. This can lead to an increase in dApps and other use cases for Cardano, ultimately contributing to the network's growth and the value of ADA.
Please describe your plans to share the outputs and results of your project?
Our approach to sharing the outputs and results of the PeakChain Cardano Car Wallet Device project is multifaceted and tailored towards maximum impact in both the Cardano ecosystem and the wider auto industry.
- Publications and Reports: Upon completion of each significant project milestone, we plan to release detailed reports outlining our progress, lessons learned, and upcoming task
- Partnerships with Auto Industry Players: We plan to collaborate with car manufacturers, fleet operators, and other relevant stakeholders in the automobile industr
- Community Engagement: We believe in maintaining constant dialogue with the Cardano communit
The results generated from the project will be crucial for our future R&D activities. Lessons learned and user feedback will be directly applied to enhance the device's functionality and performance, develop new features, and possibly expand our product line to include devices for other use-cases within the transportation sector.