A bike sharing system based on Blockchain platform

Abstract

Leakage of user privacy and vandalism of the sharing bike have been the most serious problem since sharing bike came on the scene. Accordingly, it is very urgent to rebuild the underlying trust mechanism. Most bike sharing systems are centralized, leading to overpressure on the central server. This paper proposes a bike sharing system based on blockchain service platform and a shared operation mode of C2C. The system uses the blockchain system as the trust guarantee. The extra chain payment - lightning network is used to improve the efficiency of the blockchain system and the smart contract is used to provide the rights and interests of the two parties.

NimbleChain: Low-latency consensusless cryptocurrencies in general-purpose permissionless blockchains

“…Such high commit latencies are especially prohibitive for many applications that require low-latency transactions. Examples range from merchant applications that need to deliver goods quickly (< 30 seconds) [27], such as pointof-sale purchases and retail vending machines, take-away stores, online shopping, supermarket checkouts and bike sharing systems [10], [27], [5], [22], to blockchain-backed IoT devices and applications [23]. To overcome the high commit delays, merchants and service providers frequently adopt risky 0-or 1-confirmation policies [10], which accept transactions as granted well before the underlying blockchain can provide sufficiently strong guarantees of their persistence.…”