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Scraplane: A Blockchain and ML Based System To Facilitate Scrapping of Cars

This document proposes a blockchain and machine learning based system called SCRAPLANE to facilitate the scrapping of cars. The key objectives are to develop an accurate mechanism for predicting the scrap value of a car based on its condition and other features. The system would involve scrap dealers, car owners, and RTOs interacting on a private Ethereum blockchain using proof-of-work consensus. The process begins with parties registering and getting approved. The system would then detect car damage, predict a scrap price, and facilitate transparent settlements between approved owners and dealers.

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Dilan Joseph
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98 views19 pages

Scraplane: A Blockchain and ML Based System To Facilitate Scrapping of Cars

This document proposes a blockchain and machine learning based system called SCRAPLANE to facilitate the scrapping of cars. The key objectives are to develop an accurate mechanism for predicting the scrap value of a car based on its condition and other features. The system would involve scrap dealers, car owners, and RTOs interacting on a private Ethereum blockchain using proof-of-work consensus. The process begins with parties registering and getting approved. The system would then detect car damage, predict a scrap price, and facilitate transparent settlements between approved owners and dealers.

Uploaded by

Dilan Joseph
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SCRAPLANE

A Blockchain And ML Based System to Facilitate


Scrapping of Cars

PRESENTED BY
UNDER THE GUIDANCE OF DILAN JOSEPH
MRS. LIBSY ANN MERIN BABY ASHBIN ROY
ASST PROFESSOR, CSE DEPT PAUL VINCENT
CONTENTS
● INTRODUCTION
● PROBLEM STATEMENT
● OBJECTIVE
● SCOPE
● LITERATURE SURVEY
● PROPOSED SYSTEM
● SYSTEM REQUIREMENTS
● CONCLUSION
● REFERENCES
INTRODUCTION

• Scrapping of cars in india is not an organized process like the


sale of used cars.
• Transactions related to vehicles mainly involves buying and
selling.
• System is designed to help users to track their tasks and manage
their time more effectively.
PROBLEM STATEMENT

● It is very important to predict the actual price of a used


car. Hence we come up with a technology that can
monitor the overall condition of the car and can predict
the actual market value of the car.
OBJECTIVE

● To develop a real time accurate scrap dealing mechanism


that can detect the overall condition of the car and predict
the correct price of the car.
SCOPE

● Actual scrap value can be obtained.


● Proper communication between scrap dealer and car owner
done through smart contract.
● There is no bargaining between scrap dealer and car owner.
● Every information is updated on the block chain.
LITERATURE SURVEY.
EXISTING WORK ADVANTAGES DISADVANTAGES
A blockchain based Simple approach Hamper users privacy
service prototype of
vehicle history tracking Access users internet Very costly
for used car trade in Assign risk profiles to
China individuals

An efficient system Reduced corruption and tax Decreased consumption


for implementing evasion
Time consuming
goods and service tax Positively impact the country
in India using block Very high tax burden on common people
GDP
chain Require heavy processing hardware
Simple and easy online procedure
Number of complaints is less
Modeling and prediction of Users know the factors It is limited in scope
stock price with CNN based influencing the stock price Less useful in long term price
on block chain interactive Traders get profit easily prediction
information without analysing the market Not suitable for investors
Gives a better idea of entry and Integration of human behaviour
exit points in the market
Minimize your loses
RFID based decision Simple Does not consider the
support for information Detects profanity and context
management in the unwanted contents Less efficiency
automotive plastic recycling
industry
PROPOSED SYSTEM

● The proposed system gives the importance of scrapping and


provide them with a convenient scrapping experience
● The system incorporates a private Ethereum blockchain and
machine learning technologies to facilitate a decentralized system,
allowing for fast and transparent settlements that can be accessed
by all network members
● The system involves three entities: the scrap dealer, car owner, and
RTO, who use a proof of work consensus algorithm to cooperate
with each other.
● The process starts with the scrap dealer registering with his
details and waiting for approval from the RTO, who
authenticates the dealer’s details and allows access to the
network.
● The car owner must also register with their details and wait
for approval by the scrap dealer and verification by the
RTO. After verifying both parties, the RTO approves the
scrapping request.
● The system detects car damage and predicts a price based on
the damage detected and other car features
Architechture Diagram
Process Flow Diagram
SOFTWARE REQUIREMENTS

● Operating System -Windows 7or above, Linux OS


● Frontend - HTML5, CSS3,J avascript ES 6,
Bootstrap 4.5,EJS, React 18
● Backend – Python ,Flask
● Database – My SQL
● Web Browser - Mozilla Firefox or Google Chrome
HARDWARE REQUIREMENTS

● Processor - Intel Pentium or above


● Storage - 200 GB
● Display Type - PC Display
● Internet Connection – Required
● 8GB RAM
CONCLUSION
● The proposed system is more efficient for dealing with accurate
amount of scrap than the existing technologies still in the market.
● The proposed technology will help the people who was not clear
about the scrap car market value.
● Blockchain works for the perfect evaluation of scrap and predict
the price.
REFERENCES
1)Toqeer Ali Syed, Muhammad Shoaib Siddique, (Member, IEEE), Adnan Nadeem, (Member,
IEEE), Ali Alzahrani, Salman Jan and Muazzam A. Khan Khattak, A Novel BlockchainBased
Framework for Vehicle Life Cycle Tracking

2)Lin William Cong. Zhiguo He, Blockchain Disruption and Smart Contracts,
https://www.researchgate.net/publication/333388218 – smart contract

3)Tongzhu ZHANG, Xueping WANG, Jiangwei CHUI, Xianghai LIU, Pengfei CUll, Automotive
Recycling Information management based on IoT and RFID

4)Jie Li1, Michael Barwood1 and Shahin Rahimifard1, An Automated Approach for Disassembly
and Recycling of Electric Vehicle Component

5)Samiksha Marne, Shweta Churi, Delisa Correia, Joanne Gomes, Predict- ing price of
cryptocurrency – A deep learning approach, NTASU – 2020.

6)MRishabh Ranka, Niranjan Sharma, Naman Talati, Nitika Rai, An Efficient System for
Implementation of Goods and Service Tax in India using Blockchain, NTASU - 2020 (volume 09 -
issue 03)
7)Shriram. S, Dr. K. Anuradha, Dr. K. P. Uma, Future Stock Price Prediction
using Recurrent Neural Network, LSTM and Machine Learning, ICRADL -
2021 (Volume 09 - issue 05)
8)Devdoot Maji , Ravi Singh Lamkoti , Hitesh Shetty , Bharati Gondhalekar,
Certificate Verification using Blockchain and Generation of Transcript
THANK YOU.

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