  Interconnected smart vehicles offer a range of sophisticated services that
benefit the vehicle owners, transport authorities, car manufacturers and other
service providers. This potentially exposes smart vehicles to a range of
security and privacy threats such as location tracking or remote hijacking of
the vehicle. In this article, we argue that BlockChain (BC), a disruptive
technology that has found many applications from cryptocurrencies to smart
contracts, is a potential solution to these challenges. We propose a BC-based
architecture to protect the privacy of the users and to increase the security
of the vehicular ecosystem. Wireless remote software updates and other emerging
services such as dynamic vehicle insurance fees, are used to illustrate the
efficacy of the proposed security architecture. We also qualitatively argue the
resilience of the architecture against common security attacks.
