Possibilities of Using Blockchain Technology in Transportation

Blockchain technology is increasingly becoming more widely known to the professional and lay public and is gradually finding its way for application in various areas of our society. It is not an entirely new technology. Its principle has been known for a long time. However, since 2009, this technology has been experiencing a renaissance, which was mainly driven by developments in the field of crypto technologies, cryptocurrencies and computer science. Blockchain has gradually become a key part of several digital technologies that are now being successfully used and developed. The technology itself has steadily begun to reveal its potential and benefits for a wide range of areas as knowledge has developed. One such promising area with huge potential for the future use of blockchain technology is transportation. The paper will present the application possibilities of blockchain technology in the transportation sector. The aim is to outline the potential applications and future directions of blockchain technology in the transportation sector.