PeTroShare: Blockchain-Managed, Logistics-Aware, Privacy-Friendly, Comparative, and Efficient Petroleum Transportation

Crude oil is one of the critically needed resources. It is the main pillar supporting almost everything we rely on in daily life. Unfortunately, due to many factors, crude oil costs too much. Transportation is one of the critical factors that affect such costs. Due to many environmental risks attach...

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Autores principales:	Salwa M. Hassan, Mohamed Azab, Amal O. Hamada
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	crude oil transportation IoT block chain logistics ride sharing Chemical technology TP1-1185
Acceso en línea:	https://doaj.org/article/830b5db69d75468b8d25281faf8a6cbe
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id	oai:doaj.org-article:830b5db69d75468b8d25281faf8a6cbe
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spelling	oai:doaj.org-article:830b5db69d75468b8d25281faf8a6cbe2021-11-11T19:05:07ZPeTroShare: Blockchain-Managed, Logistics-Aware, Privacy-Friendly, Comparative, and Efficient Petroleum Transportation10.3390/s212170661424-8220https://doaj.org/article/830b5db69d75468b8d25281faf8a6cbe2021-10-01T00:00:00Zhttps://www.mdpi.com/1424-8220/21/21/7066https://doaj.org/toc/1424-8220Crude oil is one of the critically needed resources. It is the main pillar supporting almost everything we rely on in daily life. Unfortunately, due to many factors, crude oil costs too much. Transportation is one of the critical factors that affect such costs. Due to many environmental risks attached to the transportation process, many countries added very high tariffs to cover any hazards during the transportation, loading, and unloading process. Logistics concerns and political conflicts are the other key factors that can massively impact the transportation cost. This paper presents an Industry 4.0-compliant PeTroShare (PTS), a blockchain-powered trustworthy, logistics-friendly, and cost-efficient crude oil trading platform. PTS is a novel ride-sharing platform that enables an anonymous exchange of crude oil between oil producers and customers, focusing mainly on the product quality, not the source of origin. In our scenario, floating crude oil tankers will hold the cargo to an intermediate position in the open ocean. PTS will match the product availability based on the location and the needed quality of the customer requests. Consequently, the time and distance travelled are minimized. Our simulation results show that enabling the anonymous sharing of crude oil products can significantly enhance system efficiency and cost-effectiveness.Salwa M. HassanMohamed AzabAmal O. HamadaMDPI AGarticlecrude oiltransportationIoTblock chainlogisticsride sharingChemical technologyTP1-1185ENSensors, Vol 21, Iss 7066, p 7066 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	crude oil transportation IoT block chain logistics ride sharing Chemical technology TP1-1185
spellingShingle	crude oil transportation IoT block chain logistics ride sharing Chemical technology TP1-1185 Salwa M. Hassan Mohamed Azab Amal O. Hamada PeTroShare: Blockchain-Managed, Logistics-Aware, Privacy-Friendly, Comparative, and Efficient Petroleum Transportation
description	Crude oil is one of the critically needed resources. It is the main pillar supporting almost everything we rely on in daily life. Unfortunately, due to many factors, crude oil costs too much. Transportation is one of the critical factors that affect such costs. Due to many environmental risks attached to the transportation process, many countries added very high tariffs to cover any hazards during the transportation, loading, and unloading process. Logistics concerns and political conflicts are the other key factors that can massively impact the transportation cost. This paper presents an Industry 4.0-compliant PeTroShare (PTS), a blockchain-powered trustworthy, logistics-friendly, and cost-efficient crude oil trading platform. PTS is a novel ride-sharing platform that enables an anonymous exchange of crude oil between oil producers and customers, focusing mainly on the product quality, not the source of origin. In our scenario, floating crude oil tankers will hold the cargo to an intermediate position in the open ocean. PTS will match the product availability based on the location and the needed quality of the customer requests. Consequently, the time and distance travelled are minimized. Our simulation results show that enabling the anonymous sharing of crude oil products can significantly enhance system efficiency and cost-effectiveness.
format	article
author	Salwa M. Hassan Mohamed Azab Amal O. Hamada
author_facet	Salwa M. Hassan Mohamed Azab Amal O. Hamada
author_sort	Salwa M. Hassan
title	PeTroShare: Blockchain-Managed, Logistics-Aware, Privacy-Friendly, Comparative, and Efficient Petroleum Transportation
title_short	PeTroShare: Blockchain-Managed, Logistics-Aware, Privacy-Friendly, Comparative, and Efficient Petroleum Transportation
title_full	PeTroShare: Blockchain-Managed, Logistics-Aware, Privacy-Friendly, Comparative, and Efficient Petroleum Transportation
title_fullStr	PeTroShare: Blockchain-Managed, Logistics-Aware, Privacy-Friendly, Comparative, and Efficient Petroleum Transportation
title_full_unstemmed	PeTroShare: Blockchain-Managed, Logistics-Aware, Privacy-Friendly, Comparative, and Efficient Petroleum Transportation
title_sort	petroshare: blockchain-managed, logistics-aware, privacy-friendly, comparative, and efficient petroleum transportation
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/830b5db69d75468b8d25281faf8a6cbe
work_keys_str_mv	AT salwamhassan petroshareblockchainmanagedlogisticsawareprivacyfriendlycomparativeandefficientpetroleumtransportation AT mohamedazab petroshareblockchainmanagedlogisticsawareprivacyfriendlycomparativeandefficientpetroleumtransportation AT amalohamada petroshareblockchainmanagedlogisticsawareprivacyfriendlycomparativeandefficientpetroleumtransportation
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PeTroShare: Blockchain-Managed, Logistics-Aware, Privacy-Friendly, Comparative, and Efficient Petroleum Transportation

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