| Summary: | As an extremely practical and useful application scenario of Internet of Things (IoT), the Internet of Vehicle (IoV) has garnered lots of attention to persistent issues such as traffic congestion and safety issues in cities around the world. With advance developments in the computation and communication technologies, IoV would prove to be a field of large interest and research value [1] This report would do a study on the current IoV system, learn about the data congestion issues that it is current facing, access the effectiveness of the current game theory used to tackle the problem and formulate two contract theory based solutions to improve the efficiency and effectiveness of the IoV network.
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