Related papers: Smart Transport Infrastructure Maintenance: A Smart-Contract Blockchain Approach

Smart Transport Infrastructure Maintenance: A Smart-Contract Blockchain Approach

URL: http://arxiv.org/abs/2410.20431v1
Date: Sun, 27 Oct 2024 13:03:33 GMT
Title: Smart Transport Infrastructure Maintenance: A Smart-Contract Blockchain Approach
Authors: Fatjon Seraj,
Abstract summary: Infrastructure maintenance is complex, especially for widely dispersed transport systems like roads and railroads. Traditionally, these requirements are managed on paper, with each contract step checked manually. Smart contracts, based on blockchain distributed ledger technology, offer a new approach.
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Abstract: Infrastructure maintenance is inherently complex, especially for widely dispersed transport systems like roads and railroads. Maintaining this infrastructure involves multiple partners working together to ensure safe, efficient upkeep that meets technical and safety standards, with timely materials and budget adherence. Traditionally, these requirements are managed on paper, with each contract step checked manually. Smart contracts, based on blockchain distributed ledger technology, offer a new approach. Distributed ledgers facilitate secure, transparent transactions, enabling decentralized agreements where contract terms automatically execute when conditions are met. Beyond financial transactions, blockchains can track complex agreements, recording each stage of contract fulfillment between multiple parties. A smart contract is a set of coded rules stored on the blockchain that automatically executes each term upon meeting specified conditions. In infrastructure maintenance, this enables end-to-end automation-from contractor assignment to maintenance completion. Using an immutable, decentralized record, contract terms and statuses are transparent to all parties, enhancing trust and efficiency. Creating smart contracts for infrastructure requires a comprehensive understanding of procedural workflows to foresee all requirements and liabilities. This workflow includes continuous infrastructure monitoring through a dynamic, data-driven maintenance model that triggers necessary actions. Modern process mining can develop a resilient Maintenance Process Model, helping Operations Management to define contract terms, including asset allocation, logistics, materials, and skill requirements. Automation and reliable data quality across the procedural chain are essential, supported by IoT sensors, big data analytics, predictive maintenance, intelligent logistics, and asset management.

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