Blockchain technology is a core, underlying technology with promising application prospects in the banking industry. On one hand, the banking industry in China is facing the impact of interest rate liberalization and profit decline caused by the narrowing interest-rate spread. On the other hand, it is also affected by economic transformation, Internet development, and financial innovations. Hence, the banking industry requires urgent transformation and is seeking new growth avenues. As such, blockchains could revolutionize the underlying technology of the payment clearing and credit information systems in banks, thus upgrading and transforming them. Blockchain applications also promote the formation of “multi-center, weakly intermediated” scenarios, which will enhance the efficiency of the banking industry. However, despite the permissionless and self-governing nature of blockchains, the regulation and actual implementation of a decentralized system are problems that remain to be resolved. Therefore, we propose the urgent establishment of a “regulatory sandbox” and the development of industry standards.
Valentina Gatteschi, F. Lamberti, C. Demartini
et al.
Blockchain is receiving increasing attention from academy and industry, since it is considered a breakthrough technology that could bring huge benefits to many different sectors. In 2017, Gartner positioned blockchain close to the peak of inflated expectations, acknowledging the enthusiasm for this technology that is now largely discussed by media. In this scenario, the risk to adopt it in the wake of enthusiasm, without objectively judging its actual added value is rather high. Insurance is one the sectors that, among others, started to carefully investigate the possibilities of blockchain. For this specific sector, however, the hype cycle shows that the technology is still in the innovation trigger phase, meaning that the spectrum of possible applications has not been fully explored yet. Insurers, as with many other companies not necessarily active only in the financial sector, are currently requested to make a hard decision, that is, whether to adopt blockchain or not, and they will only know if they were right in 3–5 years. The objective of this paper is to support actors involved in this decision process by illustrating what a blockchain is, analyzing its advantages and disadvantages, as well as discussing several use cases taken from the insurance sector, which could easily be extended to other domains.
The Blockchain technology can be defined as a distributed ledger database for recording transactions between parties verifiably and permanently. Blockchain emerged as a leading technology layer for financial applications. Nevertheless, in the past years, the attention of researchers and practitioners moved to the application of the Blockchain technologies to other domains. Recently, it represents the backbone of a new digital supply chain. Thanks to its capability of ensuring data immutability and public accessibility of data streams, Blockchain can increase the efficiency, reliability, and transparency of the overall supply chain, and optimize the inbound processes. The literature concerning Blockchain in non-financial applications mainly focused on the technological part and the Business Process Modeling, lacking in terms of standard methodology for designing a strategy to develop and validate the overall Blockchain solution and integrate it in the Business Strategy. Thus, this paper aims to overcome this lack. First, we integrate the current literature filling the lack concerning the digital strategy, creating a standard methodology to design Blockchain technology use cases, which are not related to finance applications. Second, we present the results of a use case in the fresh food delivery, showing the critical aspects of implementing a Blockchain solution. Moreover, the paper discusses how the Blockchain will help in reducing the logistics costs and in optimizing the operations and the research challenges.
Abstract Despite Information and Communication Technologies (ICT) have reduced the information asymmetry and increased the degree of interorganizational collaboration, the companies participating a supply chain are less inclined to share data when information is sensible and partners cannot be fully trusted. In such a context, Blockchain is a decentralized certificate authority that may provide economic and operational benefits but companies operating in a supply chain claim to have little knowledge about Blockchain due to its novelty and to the lack of use cases and application studies. In this work, a software connector has been designed and developed to connect an Ethereum-like blockchain with the enterprises’ information systems to allow companies to share information with their partners with different levels of visibility and to check data authenticity, integrity and invariability over time through the blockchain, thus building trust. In order to explore the potential of deploying the blockchain in a supply chain, a simulation model has been developed to recreate the supply chain operations and integrated with the blockchain through the same software connector to carry out a scenario statistical analysis. Application results shows how blockchain technology is a convenient instrument to overcome collaboration and trust issues in a supply chain, to increase the supply chain overall performance, to minimize the negative consequences of information asymmetry over the echelons of a supply chain but also to discourage companies from any misconduct (e.g. counterfeiting data or low data accuracy).
Abstract Blockchain technologies are benefiting from significant interest in both societal and business contexts. Cryptocurrencies like Bitcoin have grown rapidly in user adoption over the past 8 years. However, blockchain technologies, which fuel cryptocurrencies, have the potential to extend to other business applications even more profoundly. Blockchain can be leveraged to drive innovation and increase efficiencies in new domains—including digital arts management, supply chains, and healthcare—but there remain technical, organizational, and regulatory headwinds that must be overcome before mass adoption can occur. In this article, we provide a brief history of blockchain and identify some of the key features that have enabled its popular uptake in the world of cryptocurrencies. We discuss how blockchain technologies have evolved from traditional software and web technologies and then examine their underlying strengths and evaluate new, noncryptocurrency use cases. We conclude with a look at the limitations of blockchain and present several important factors for managers considering blockchain implementation within their organizations.
M. A. Rahman, Md Mamunur Rashid, M. S. Hossain
et al.
In this paper, we propose a Blockchain-based infrastructure to support security- and privacy-oriented spatio-temporal smart contract services for the sustainable Internet of Things (IoT)-enabled sharing economy in mega smart cities. The infrastructure leverages cognitive fog nodes at the edge to host and process offloaded geo-tagged multimedia payload and transactions from a mobile edge and IoT nodes, uses AI for processing and extracting significant event information, produces semantic digital analytics, and saves results in Blockchain and decentralized cloud repositories to facilitate sharing economy services. The framework offers a sustainable incentive mechanism, which can potentially support secure smart city services, such as sharing economy, smart contracts, and cyber-physical interaction with Blockchain and IoT. Our unique contribution is justified by detailed system design and implementation of the framework.
Blockchain – also known as distributed ledger – technology is set to revolutionise data and business process management and transactions. Blockchain adoption, pioneered initially as a financial tec...
The Industrial Internet of Things (IIoT) has developed rapidly in recent years. Private blockchains with decentralization, flexible rules, and good privacy protection can be applied in the IIoT to process the massive data and tackle the security problem. However, the scalability of blockchain places a restriction on IIoT. Accordingly, this article proposes an improved algorithm based on Two_Arch2 to improve the scalability and decentralization while reducing the latency and cost of the blockchain. By integrating the private blockchain theory to IIoT and simultaneously considering the above four objectives, a many-objective blockchain-enabled IIoT model is constructed. Then an improved Two_Arch2 algorithm is utilized to solve the model. Experimental results show that the improved algorithm can effectively optimize four indicators of the model.
This thesis introduces Nexa, a blockchain architecture designed to balance the critical trade-offs between security, scalability, and decentralization in Electronic Health Record (EHR) systems. To address the blockchain trilemma (RQ1), Nexa strategically combines Avalanche's high-performance public blockchain with decentralized IPFS storage, optimizing for the high throughput and low finality required in healthcare. To mitigate risks from centralized key management (RQ2), Nexa implements a distributed threshold cryptography scheme using Elliptic Curve Diffie-Hellman (ECDH), ChaCha20-Poly1305, and Shamir’s Secret Sharing (SSS). This design leverages smart contract-based access control and oracle-assisted decryption to enhance security without a central point of failure. Performance benchmarks on the Avalanche testnet, using synthetic datasets, validate this balanced approach, demonstrating efficient operation latencies and minimal costs suitable for clinical workflows while ensuring patient control.
Btissam Acim, Zakaria Izouaouen, Nassim Kharmoum
et al.
Digital mental health interventions increasingly require robust security frameworks, authenticated content delivery, and personalized therapeutic experiences. This systematic literature review examines the convergence of Blockchain technology, non-fungible tokens (NFTs), and deepfake synthesis in mental health applications, addressing a critical gap in interdisciplinary research. Following the PRISMA guidelines, we conducted comprehensive searches across the Scopus database (2014-2024), supplemented by IEEE Xplore, Web of Science, and PubMed Central. Our methodology employed PICO framework-based queries, identifying 15037 relevant studies across seven queries (Q) configurations (Q1-Q7), with 5093 studies meeting inclusion criteria after rigorous quality assessment. Results demonstrate Blockchain provides immutable data governance (3962 studies), NFTs enable secure therapeutic asset tokenization (771 studies), while deepfakes facilitate personalized avatar-based therapy (230 studies). Cross-technology integration remains limited: Blockchain-NFTs combinations (102 studies), Blockchain-Deepfake integrations (24 studies), NFTs-Deepfake applications (2 studies), with only 2 studies addressing all three technologies simultaneously. This review establishes the first comprehensive taxonomy of converged technologies in mental health, identifying critical research directions for scalable, secure, and ethically-compliant digital therapeutic platforms.
Objective. Telehealth and telemedicine systems aim to deliver remote healthcare services to mitigate the spread of COVID-9. Also, they can help to manage scarce healthcare resources to control the massive burden of COVID-19 patients in hospitals. However, a large portion of today's telehealth and telemedicine systems are centralized and fall short of providing necessary information security and privacy, operational transparency, health records immutability, and traceability to detect frauds related to patients’ insurance claims and physician credentials. Methods. The current study has explored the potential opportunities and adaptability challenges for blockchain technology in telehealth and telemedicine sector. It has explored the key role that blockchain technology can play to provide necessary information security and privacy, operational transparency, health records immutability, and traceability to detect frauds related to patients’ insurance claims and physician credentials. Results. Blockchain technology can improve telehealth and telemedicine services by offering remote healthcare services in a manner that is decentralized, tamper-proof, transparent, traceable, reliable, trustful, and secure. It enables health professionals to accurately identify frauds related to physician educational credentials and medical testing kits commonly used for home-based diagnosis. Conclusions. Wide deployment of blockchain in telehealth and telemedicine technology is still in its infancy. Several challenges and research problems need to be resolved to enable the widespread adoption of blockchain technology in telehealth and telemedicine systems.
Blockchain, a form of distributed ledger technology has attracted the interests of stakeholders across several sectors including healthcare. Its’ potential in the multi-stakeholder operated sector like health has been responsible for several investments, studies, and implementations. Electronic Health Records (EHR) systems traditionally used for the exchange of health information amongst healthcare stakeholders have been criticised for centralising power, failures and attack-points with exchange data custodians. EHRs have struggled in the face of multi-stakeholder and system requirements while adhering to security, privacy, ethical and other regulatory constraints. Blockchain is promising amongst others to address the many EHR challenges, primarily trustless and secure exchange of health information amongst stakeholders. Many blockchain-in-healthcare frameworks have been proposed; some prototyped and/or implemented. This study leveraged the PRISMA framework to systematically search and evaluate the different models proposed; prototyped and/or implemented. The bibliometric and functional distribution of all 143 articles from this study were presented. This study evaluated 61 articles that discussed either prototypes or pilot or implementations. The technical and architectural analysis of these 61 articles for privacy, security, cost, and performance were detailed. Blockchain was found to solve the trust, security and privacy constraints of traditional EHRs often at significant performance, storage and cost trade-offs.
Abstract Product lifecycle management (PLM) aims to seamlessly manage all products and information and knowledge generated throughout the product lifecycle for achieving business competitiveness. Conventionally, PLM is implemented based on standalone and centralized systems provided by software vendors. The information of PLM is hardly to be integrated and shared among the cooperating parties. It is difficult to meet the requirements of the openness, interoperability and decentralization of the Industry 4.0 era. To address these challenges, this paper proposed an industrial blockchain-based PLM framework to facilitate the data exchange and service sharing in the product lifecycle. Firstly, we proposed the concept of industrial blockchain as the use of blockchain technology in the industry with the integration of IoT, M2M, and efficient consensus algorithms. It provided an open but secured information storage and exchange platform for the multiple stakeholders to achieve the openness, interoperability and decentralization in era of industry 4.0. Secondly, we proposed and developed customized blockchain information service to fulfill the connection between a single node with the blockchain network. As a middleware, it can not only process the multi-source and heterogeneous data from varied stages in the product lifecycle, but also broadcast the processed data to the blockchain network. Moreover, smart contract is used to automate the alert services in the product lifecycles. Finally, we illustrated the blockchain-based application between the cooperating partners in four emerging product lifecycle stages, including co-design and co-creation, quick and accurate tracking and tracing, proactive maintenance, and regulated recycling. A simulation experiment demonstrated the effectiveness and efficiency of the proposed framework. The results showed that the proposed framework is scalable and efficient, and hence it is feasible to be adopted in industry. With the successful development of the proposed platform, it is promising to provide an effective PLM for improving interoperability and cooperation between stakeholders in the entire product lifecycle.
Abstract Blockchain's ability to increase the level of disintermediation in tourism represents this technology's most effective influence on the industry. The advent of online travel agencies has changed tourism's market structure by transferring power from suppliers to consumers. This paper aims to develop a blockchain-based framework for the tourism industry by employing a qualitative method that uses the semi-structured interview to determine how domain experts conceive the future of intermediaries were the tourism industry to adopt blockchain technology. The results show that when taking into account blockchain's influence on businesses, blockchain is considered an appropriate technology for eliminating mediators from the tourism industry's supply chain and also for banning new mediators from gaining access to this industry, thereby removing intermediaries from the tourism market.
Blockchain-based cryptocurrencies have received extensive attention recently. Massive data has been stored on permission-less blockchains. The analysis of massive blockchain data can bring huge business values. However, the absence of well-processed up-to-date blockchain datasets impedes big data analytics of blockchain data. To fill this gap, we collect and process the up-to-date on-chain data from Ethereum, which is one of the most popular permission-less blockchains. We name such well-processed Ethereum data as XBlock-ETH, which consists of transactions, smart contracts, and cryptocurrencies (i.e., tokens). However, it is non-trivial to partition and categorize the collected raw Ethereum data to the well-processed datasets since the whole processing procedure requires sophisticated knowledge on software engineering as well as big data analytics. Moreover, we also present basic statistics and exploration for each of the well-processed datasets. Furthermore, we also outline the possible research opportunities based on XBlock-ETH, with the data and code released online.
Mobile-edge computing (MEC) plays a significant role in enabling diverse service applications by implementing efficient data sharing. However, the unique characteristics of MEC also bring data privacy and security problem, which impedes the development of MEC. Blockchain is viewed as a promising technology to guarantee the security and traceability of data sharing. Nonetheless, how to integrate blockchain into MEC system is quite challenging because of dynamic characteristics of channel conditions and network loads. To this end, we propose a secure data sharing scheme in the blockchain-enabled MEC system using an asynchronous learning approach in this article. First, a blockchain-enabled secure data sharing framework in the MEC system is presented. Then, we present an adaptive privacy-preserving mechanism according to available system resources and privacy demands of users. Next, an optimization problem of secure data sharing is formulated in the blockchain-enabled MEC system with the aim to maximize the system performance with respect to the decreased energy consumption of MEC system and the increased throughput of blockchain system. Especially, an asynchronous learning approach is employed to solve the formulated problem. The numerical results demonstrate the superiority of our proposed secure data sharing scheme when compared with some popular benchmark algorithms in terms of average throughput, average energy consumption, and reward.
Abstract The lack of intrinsic security technologies in the current Internet of Things (IoT) systems brings forth numerous security vulnerabilities and privacy risks. To this end, a distributed and decentralized technology named blockchain comes out as a viable solution. This paper investigates the integration trends of blockchain technology with IoT and discusses the insights of this new paradigm. In particular, this paper presents a comprehensive survey on security improvements achieved in IoT systems using blockchain and the challenges that originate during this integration. Further, the paper highlights the most relevant blockchain based IoT applications and outlines some future research directions.