Blockchain technology is widely studied in these days and has vital role in the ITS and Vehicular network. Intelligent Transport System (ITS) have resolved several issues of transportation like congestion, electronic toll collection, traffic light cameras, traffic updates, and environment forecasting. The vehicular network is the ever-increasing network it is not only facilitates us but also brings new challenges with it. The mobile nature of vehicular networks it is very important to collect and broadcast information of traffic events in real-time. A little delay to broadcast important information or deciding on this information can cause a serious situation in the mobile vehicular network. Moreover, malicious vehicles in the network broadcasting false information about these traffic events cause a disturbance in the network. In large-scale scenarios, the transmission of malicious messages offers a lot of danger to the system. They can wrongly claim the roads and provide false information about the incident. These traffic events can be life-threatening and cause unwanted situations like accidents, wastage of time and other resources. Therefore, it is very much important to provide real-time information on recent traffic events and real-time authentication of vehicles that broadcast information in the network. Traditional studies are unable to solve these security issues and contain a single point of failure issue. These studies are centralized and dependent on a single higher authority. Moreover, they have serious security concerns that are harmful for vehicular network. Moreover, any vehicles are unwilling to share their private information while broadcasting information about traffic events because they are strangers to each other. And if a vehicle does not want to share its private information like name, id, etc. It is not possible to authenticate this vehicle and manage trust in the network. It means that it is very crucial to prevent vehicles to broadcast wrong information in the network while preserving their privacy at the same time. Therefore, there is a need to authenticate vehicles and manage trust in the network while preserving their privacy simultaneously. Blockchain can offer better solution to solve these issues due to its secure distributed environment and features that ensure immutability about actions. The purpose of this report is to provide real-time security and privacy in the network. It is also ensured that vehicles get real-time authenticated information about traffic incidents from legitimate vehicles while simultaneously preserving their privacy. It means that only authenticated and legitimate entities (vehicles) can participate in vehicular network and privacy of both sender and receiver is secured in the network. Details of conducted experiments are given, and shreds of evidence are provided to evaluate the performance of architectures for authentication and trust management. The shreds of evidence show that these blockchain-based systems can solve security and trust issues more effectively.