Second-Hand Car Trading Framework Based on Blockchain in Cloud Service Environment

ABSTRACT

At present, the world economy is in recession, especially under the impact of the Covid-19 epidemic, China's economy has also been greatly impacted. In this context, the disposable personal income of residents has also declined to varying degrees. More and more people choose economical life. If they can buy a used car in good condition at a good price, they are less likely to buy a brand new one. Under such a consumption concept, China's demand for second-hand cars is increasing. However, although China's second-hand car industry has developed for more than 30 years and the market scale has gradually expanded, there are still many problems behind the prosperity of the second-hand car market. These problems have existed for a long time, leading to a lot of disputes, unhappiness, disappointment, and even threats to the lives of consumers. These long-term problems also affect the virtuous circle of the second-hand car market, and hinder the healthy development of China's economy to a certain extent. In the past, research work mainly focused on the role of new policies, relevant laws and vehicle management and traffic management functions, this paper introduces the blockchain technology, which has the advantages of non tampering, transparency and traceability. This paper attempts to use blockchain technology as an auxiliary means to solve the long-standing problems in the used car market. This paper proposes a framework of used car trading based on blockchain in cloud service environment, and explains the working principle of the framework. Finally, the future research work is prospected. © 2021 IEEE.