Fractional Vehicle Ownership and Revenue Generation Through Blockchain Asset Tokenization
The automotive industry is on a continuous transition towards a more sustainable and integrated ecosystem influenced by the fast-paced adoption of Electrical Vehicles (EVs) and the developments of emerging technologies such as Automated Vehicles (AVs). The road transportation sector is also experimenting with the emergent decentralized blockchain technology in various ways ranging from supply chain transparency to insurance and tokenization. Some of the recent use cases are the use of Non-Fungible Tokens (NFTs), unique digital assets designed to be immutable, to certify ownership of a vehicle, the data history of it or just for fan base development. The current paper reviews the literature findings concerning the potential of Non-Fungible Tokens for the automotive industry and proposes a new car ownership and revenue generation model using the ERC-1155 token standard. The authors' proof-of-concept based on fractional vehicle ownership demonstrates the feasibility of such a model that allows for revenue distribution amongst the vehicle owners according to the percentile invested in the vehicle acquisition.
- Record URL:
-
Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/14076179
-
Supplemental Notes:
- © 2023 Elena Vitelaru et al., published by Sciendo.
-
Authors:
- Vitelaru, Elena
- Persia, Luca
- Publication Date: 2023
Language
- English
Media Info
- Media Type: Web
- Features: Figures; References; Tables;
- Pagination: 120-127
-
Serial:
- Transport and Telecommunication
- Volume: 24
- Issue Number: 2
- Publisher: De Gruyter
- ISSN: 1407-6179
- EISSN: 1407-6179
- Serial URL: https://www.sciendo.com/journal/TTJ
-
Publication flags:
Open Access (libre)
Subject/Index Terms
- TRT Terms: Automobile ownership; Blockchains; Electric vehicles; Intelligent vehicles; Motor vehicle industry; Revenues
- Subject Areas: Data and Information Technology; Highways; Vehicles and Equipment;
Filing Info
- Accession Number: 01884384
- Record Type: Publication
- Files: TRIS
- Created Date: Jun 1 2023 9:31AM