Soarchain: Connecting Roads to Blockchain
Index
1- Introduction
2- What is Soarshain?
3- Innovations and Impacts
4- Soarchain vs Traditional Transportation
5- Adaptation Process of Soarshain
6- Conclusion
Introduction
The transportation industry is ever-changing like any other industry, and it has received its share of web3 and blockchain revolution. This is where we meet Soarchain, a decentralized driving platform promising more eco-friendly and safer transportation. Soarchain simply allows vehicles to communicate with each other to improve the driving experience by using AI and blockchain.
What is Soarchain?
Soarchain is a Layer 1 network designed to create a decentralized ecosystem for vehicles, data providers, and developers. Soarchain uses cellular-V2X technology that allows vehicles to communicate with each other, other road users, and road infrastructure. Soarchain also focuses on decentralized data exchange, offering features such as Decentralized Identifiers, Data Provision Requests, and challenge-based tokenomics through its incentivized testnet.
Innovations and Impacts
With the help of cellular V2X technology, Soarchain creates a decentralized ecosystem for vehicles which increases communication efficiency and real-time data sharing while securing it with blockchain. The platform promotes decentralized data sharing, thus enabling information exchange between a wide range of stakeholders.
Soarchain promotes collaboration between actors of transportation through the use of smart contracts and reward systems. It allows cross-vehicle application development, thereby demolishing the proprietary barriers and promoting uniformity in the mobility ecosystem. Its functionality includes Decentralized Identifiers (DIDs) and Data Provision Requests (DPR), which enhance privacy, and data ownership control; its challenge-based tokenomics guarantees the network’s scalability and security.
Lastly, Soarchain aids in reducing carbon emissions through the use of data-driven insights for traffic patterns and preferences, reducing congestion to lower fuel consumption and emissions. Also, the platform improves traffic management with dynamic routing and accident prevention, thanks to real-time communication between vehicles.
Soarchain vs. Traditional Transportation
Soarchain brings innovations to the transportation industry by introducing web3 and blockchain technologies and using a decentralized network. We can compare them in 4 sections:
Data Ownership and Control
Traditional:
In traditional transportation, data management is centralized, meaning the data generated by vehicles is owned and controlled by related companies or government entities. Since data is collected at a center, it becomes more vulnerable to leakage.
Soarchain:
Soarchain is a decentralized platform. There is no single point of control, so if a node is compromised, other nodes can continue to operate independently; thus, the entire system is less likely to be affected. Also, Soarchain empowers users with data ownership and control, meaning users can choose to share their data securely and be compensated for doing so by incentivized mechanisms.
Network Efficiency
Traditional:
Traditional Transportation has problems such as traffic congestion, inefficient routes, and wasted resources. Since there is no real-time data about traffic flow, drivers cannot make the optimal decisions that could prevent issues such as bunching up at intersections. Although platforms like Google Maps or Apple Maps alert drivers against construction, accidents, and shorter shortcuts, the lack of real-time data prevents reaching the most efficient routes, leading drivers to longer or slower routes.
Also, idling vehicles at red lights or stuck in traffic burns fuel unnecessarily, contributing to emissions and environmental damage, which increases the carbon footprint.
Soarchain:
Soarchain’s connected environment allows dynamic routing, traffic prediction and avoidance, and green lights and platooning. Vehicles constantly share their locations and speed, allowing the system to suggest optimal routes, which lets the route be adjusted based on real-time traffic conditions, avoiding congested areas. Also, thanks to real-time data, drivers can adjust their speed to arrive at green lights, which reduces idling at red lights and emissions. Also, Soarchain gives the opportunity to platooning, which allows vehicles to create connected convoys that reduce aerodynamic drag and further improve fuel efficiency.
Adaptation Process of Soarchain
Looking ahead, Soarchain is poised to play a pivotal role in shaping the future of transportation. As the technology matures and more organizations adopt it, we can expect to see a more connected, efficient, and sustainable transportation ecosystem. Like any other project, Soarchain faces some problems, too, like regulatory hurdles, telecommunication problems, and data privacy and protection.
Data Privacy and Protection
In the 21st century, data privacy has become one of the topics that is most enunciated. Countries created special laws for digital protection, which became stricter day by day. Soarchain must navigate these data privacy regulations, including the General Data Protection Regulation (GDPR) in the European Union or the Consumer Privacy Act (CCPA) in the USA.
A major problem concerning data is the immutable ledger. Both GDPR and CCPA require companies to erasure data if it is requested. From its nature, data cannot be manipulated in blockchain and, thus cannot be deleted. This aspect of blockchain conflicts with the regulations.
Telecommunication Problems
Soarchain utilizes cellular V2X technology, which has to comply with telecommunications regulations. To operate properly, Soarchain has to adopt standard compliance, spectrum licensing, and international harmonization. Two major subjects should be spoken about here:
1- Interference Management
Soarchain has to avoid interference with existing telecommunication services, which could lead to regulatory penalties and operational disruptions.
2- Cross-Border Operations
In the case of global adaptation, there will be vehicles that will cross borders, using Soarchain. As the equipment certification and telecommunication regulations change with borders, Soarchain might involve dynamically switching frequencies or adjusting transmission power to comply with local laws, which poses significant technical and regulatory challenges.
Yet, the opportunities Soarchain presents are immense. From reducing global carbon emissions to making transportation more accessible and efficient, Soarchain has the potential to significantly impact how we move goods and people around the world. The journey ahead is promising, and Soarchain is an important factor in this transformative shift in the transportation sector.
Conclusion
Soarchain offers great opportunities to the environment, society, and especially drivers with their ride-to-earn system. They can be named as one of the pioneers in the transportation industry as there are few projects bringing web3 and blockchain technologies to this industry. While we are already using apps that improve our journey experience like Google Maps, Soarchain has a great advantage: real-time data. Helping to reduce carbon waste in days where climate change is one of the most spoken subjects and potentially improving driving experience at a level that has not been experienced yet, Soarchain may be the next revolution in transportation.
