Blockchain Disruption and Smart Contracts
Lin William Cong, Zhiguo He
Blockchain technology provides decentralized consensus and potentially enlarges the contracting space using smart contracts with tamper-proofness and algorithmic executions. Meanwhile, generating decentralized consensus entails distributing information which necessarily alters the informational environment. We analyze how decentralization affects consensus effectiveness, and how the quintessential features of blockchain reshape industrial organization and the landscape of competition. Smart contracts can mitigate informational asymmetry and improve welfare and consumer surplus through enhanced entry and competition, yet the irreducible distribution of information during consensus generation may encourage greater collusion. In general, blockchains can sustain market equilibria with a wider range of economic outcomes. We further discuss anti-trust policy implications targeted to blockchain applications, such as separating consensus record-keepers from users.
976 sitasi
en
Economics, Business
Untangling Blockchain: A Data Processing View of Blockchain Systems
Tien Tuan Anh Dinh, Rui Liu, Meihui Zhang
et al.
Blockchain technologies are gaining massive momentum in the last few years. Blockchains are distributed ledgers that enable parties who do not fully trust each other to maintain a set of global states. The parties agree on the existence, values, and histories of the states. As the technology landscape is expanding rapidly, it is both important and challenging to have a firm grasp of what the core technologies have to offer, especially with respect to their data processing capabilities. In this paper, we first survey the state of the art, focusing on private blockchains (in which parties are authenticated). We analyze both in-production and research systems in four dimensions: distributed ledger, cryptography, consensus protocol, and smart contract. We then present BLOCKBENCH, a benchmarking framework for understanding performance of private blockchains against data processing workloads. We conduct a comprehensive evaluation of three major blockchain systems based on BLOCKBENCH, namely Ethereum, Parity, and Hyperledger Fabric. The results demonstrate several trade-offs in the design space, as well as big performance gaps between blockchain and database systems. Drawing from design principles of database systems, we discuss several research directions for bringing blockchain performance closer to the realm of databases.
1002 sitasi
en
Computer Science
An agri-food supply chain traceability system for China based on RFID & blockchain technology
Feng Tian
1233 sitasi
en
Computer Science
Blockchain in government: Benefits and implications of distributed ledger technology for information sharing
Svein Ølnes, J. Ubacht, M. Janssen
Blockchain refers to a range of general purpose technologies to exchange information and transact digital assets in distributed networks. The core question addressed in this paper is whether blockchain technology will lead to innovation and transformation of governmental processes. To address this question we present a critical assessment of the often exaggerated benefits of blockchain technology found in the literature and discuss their implications for governmental organizations and processes. We plea for a shift from a technology-driven to need-driven approach in which blockchain applications are customized to ensure a fit with requirements of administrative processes and in which the administrative processes are changed to benefit from the technology. Having sound governance models are found to be a condition for realizing benefits. Based on a critical assessment we offer directions for further research into the potential benefits of BC applications in e-government and the role of governance of BC architectures and applications to comply with societal needs and public values.
921 sitasi
en
Computer Science
A Review on the Use of Blockchain for the Internet of Things
T. Fernández-Caramés, Paula Fraga-Lamas
The paradigm of Internet of Things (IoT) is paving the way for a world, where many of our daily objects will be interconnected and will interact with their environment in order to collect information and automate certain tasks. Such a vision requires, among other things, seamless authentication, data privacy, security, robustness against attacks, easy deployment, and self-maintenance. Such features can be brought by blockchain, a technology born with a cryptocurrency called Bitcoin. In this paper, a thorough review on how to adapt blockchain to the specific needs of IoT in order to develop Blockchain-based IoT (BIoT) applications is presented. After describing the basics of blockchain, the most relevant BIoT applications are described with the objective of emphasizing how blockchain can impact traditional cloud-centered IoT applications. Then, the current challenges and possible optimizations are detailed regarding many aspects that affect the design, development, and deployment of a BIoT application. Finally, some recommendations are enumerated with the aim of guiding future BIoT researchers and developers on some of the issues that will have to be tackled before deploying the next generation of BIoT applications.
844 sitasi
en
Computer Science
How blockchain technologies impact your business model
Vida J. Morkunas, Jeannette Paschen, E. Boon
Abstract Much of the attention surrounding blockchain today is focused on financial services, with very little discussion about nonfinancial services firms and how blockchain technology may affect organizations, their business models, and how they create and deliver value. In addition, some confusion remains between the blockchain (with definite article) and blockchain (no article), distributed ledger technologies, and their applications. Our article offers a primer on blockchain technology aimed at general managers and executives. The key contributions of this article lie in providing an explanation of blockchain, including how a blockchain transaction works and a clarification of terms, and outlining different types of blockchain technologies. We also discuss how different types of blockchain impact business models. Building on the well-established business model framework by Osterwalder and Pigneur, we outline the effect that blockchain technologies can have on each element of the business model, along with illustrations from firms developing blockchain technology.
Blockchain for 5G-enabled IoT for industrial automation: A systematic review, solutions, and challenges
Isha Mistry, Sudeep Tanwar, Sudhanshu Tyagi
et al.
Abstract Internet-of-Things (IoT) has made ubiquitous computing a reality by extending Internet connectivity in various applications deployed across the globe. IoT connect billions of objects together for high speed data transfer especially in 5G-enabled industrial environment during information collection and processing. Most of the issues such as access control mechanism, time to fetch the data from different devices and protocols used may not be applicable infor future applications as these protocols are based upon a centralized architecture. This centralized architecture may have a single point of failure alongwith the computational overhead. So, there is a need for an efficient decentralized access control mechanism for device-to-device (D2D) communication in various industrial sectors IoT-enabled industrial automation. In such an environment, security and privacy preservation are major concerns as most of the solutions are based upon the centralized architecture. To mitigate the aforementioned issues, in this paper, we present an in-depth survey of state-of-the-art proposals having 5G-enabled IoT as a backbone for blockchain-based industrial automation for the applications such as-Smart city, Smart Home, Healthcare 4.0, Smart Agriculture, Autonomous vehicles and Supply chain management. From the existing proposals, it has been observed that blockchain can revolutionize most of the current and future industrial applications in different sectors by providing a fine-grained decentralized access control. Various transactions and database logs can be traced efficiently using blockchain for consistency and preivacy preservation in the aforementiioned industrial sectors. The open issues and challenges of 5G-enabled IoT for blockchain-based Industrial automation are also analyzed in the text. Finally, a comparison of existing proposals with respect to various parameters is presented which allows the end users to select one of the proposals in comparison to its merits over the others.
489 sitasi
en
Computer Science
Blockchain in healthcare and health sciences - A scoping review
Anton Hasselgren, Katina Kralevska, D. Gligoroski
et al.
BACKGROUND Blockchain can be described as an immutable ledger, logging data entries in a decentralized manner. This new technology has been suggested to disrupt a wide range of data-driven domains, including the health domain. OBJECTIVE The purpose of this study was to systematically review, assess and synthesize peer-reviewed publications utilizing/proposing to utilize blockchain to improve processes and services in healthcare, health sciences and health education. METHOD A structured literature search on the topic was conducted in October 2018 relevant bibliographic databases. RESULT 39 publications fulfilled the inclusion criteria. The result indicates that Electronic Health Records and Personal Health Records are the most targeted areas using blockchain technology. Access control, interoperability, provenance and data integrity are all issues that are meant to be improved by blockchain technology in this field. Ethereum and Hyperledger fabric seem to be the most used platforms/frameworks in this domain. CONCLUSION This study shows that the endeavors of using blockchain technology in the health domain are increasing exponentially. There are areas within the health domain that potentially could be highly impacted by blockchain technology.
512 sitasi
en
Computer Science, Medicine
Blockchain-technology-supported platforms for diamond authentication and certification in luxury supply chains
T. Choi
The blockchain technology is very useful in many industries. One current application is on diamond authentication and certification, which is important in many luxury supply chains. In this paper, we explore different consumer utility driven operations models and highlight the values of blockchain technology supported (BTS) platforms for diamond authentication and certification. We build models and analytically examine both the traditional retail network operations (Model R) and the BTS selling platform (Model PL). We further extend the analysis to study the case with the BTS certification platform (Model BCR). We reveal the conditions under which one model outperforms the others. In particular, we note that the shopping convenience utility offered by the traditional retailers is a critical factor determining which model is the best. Finally, for the BTS platform operations, we study the blockchain-technology-based diamond authentication and certification (BDAC) cost and reveal that reducing it is beneficial to all parties in the luxury supply chain.
488 sitasi
en
Computer Science
A systematic review of blockchain
Minhe Xu, Xingtong Chen, Gang Kou
Blockchain is considered by many to be a disruptive core technology. Although many researchers have realized the importance of blockchain, the research of blockchain is still in its infancy. Consequently, this study reviews the current academic research on blockchain, especially in the subject area of business and economics. Based on a systematic review of the literature retrieved from the Web of Science service, we explore the top-cited articles, most productive countries, and most common keywords. Additionally, we conduct a clustering analysis and identify the following five research themes: “economic benefit,” “blockchain technology,” “initial coin offerings,” “fintech revolution,” and “sharing economy.” Recommendations on future research directions and practical applications are also provided in this paper.
471 sitasi
en
Computer Science
The power of a blockchain-based supply chain
R. Azzi, R. Kilany, Maria Sokhn
Abstract A supply chain is a system of organizations, people, activities, information and resources involved in moving a product or service from supplier to customer. It is designed to maintain the quality of sensitive goods during the whole shipment. Centralized supply chain management systems expose the supply chain to corruption, fraud, and tampering. Blockchain has emerged as a new distributed information technology; it represents a new approach in supply chain area, where visibility and transparency of product flows are the principal challenges. This paper describes how the blockchain can be integrated into the supply chain architecture to create a reliable, transparent, authentic and secure system. To reach this goal, we studied the benefits of introducing the blockchain to the supply chain and the challenges encountered in a blockchain-based supply chain management ecosystem. We combined theoretical and real-world application studies to build our theory about the requirements for an efficient blockchain-based supply chain.
467 sitasi
en
Business, Computer Science
Privacy-Preserving Energy Trading Using Consortium Blockchain in Smart Grid
Keke Gai, Yulu Wu, Liehuang Zhu
et al.
Implementing blockchain techniques has enabled secure smart trading in many realms, e.g. neighboring energy trading. However, trading information recorded on the blockchain also brings privacy concerns. Attackers can utilize data mining algorithms to obtain users’ privacy, specially, when the user group is located in nearby geographic positions. In this paper, we present a consortium blockchain-oriented approach to solve the problem of privacy leakage without restricting trading functions. The proposed approach mainly addresses energy trading users’ privacy in smart grid and screens the distribution of energy sale of sellers deriving from the fact that various energy trading volumes can be mined to detect its relationships with other information, such as physical location and energy usage. Experiment evaluations have demonstrated the effectiveness of the proposed approach.
466 sitasi
en
Computer Science
The blockchain: State-of-the-art and research challenges
Yang Lu
Abstract The blockchain revolutionizes the creation of both scalable information technology systems and diversified applications by integrating the increasingly popular artificial intelligence, cloud computing, and big data. Various industries have recently begun to implement the exploration of blockchain. It will not take long for the blockchain to spread all over the world. In order to identify and further the development of the blockchain technology, this paper reviews the extant studies on the blockchain and its key components, blockchain-based IoT, blockchain-based security, blockchain-based data management, and the main applications based on the blockchain, and it delineates potential trends and challenges. This study provides a comprehensive overview of state-of-the-art blockchain and describes a forward-looking direction.
444 sitasi
en
Computer Science
Blockchain-oriented dynamic modelling of smart contract design and execution in the supply chain
A. Dolgui, D. Ivanov, S. Potryasaev
et al.
Recently, the applications of Blockchain technology have begun to revolutionise different aspects of supply chain (SC) management. Among others, Blockchain is a platform to execute the smart contracts in the SC as transactions. We develop and test a new model for smart contract design in the SC with multiple logistics service providers and show that this problem can be presented as a multi-processor flexible flow shop scheduling. A distinctive feature of our approach is that the execution of physical operations is modelled inside the start and completion of cyber information services. We name this modelling concept ‘virtual operation’. The constructed model and the developed experimental environment constitute an event-driven dynamic approach to task and service composition when designing the smart contract. Our approach is also of value when considering the contract execution stage. The use of state control variables in our model allows for operations status updates in the Blockchain that in turn, feeds automated information feedbacks, disruption detection and control of contract execution. The latter launches the re-scheduling procedure, comprehensively combining planning and adaptation decisions within a unified methodological framework of dynamic control theory. The modelling complex developed can be used to design and control smart contracts in the SC.
442 sitasi
en
Computer Science
Overview: Technology Roadmap of the Future Trend of Metaverse based on IoT, Blockchain, AI Technique, and Medical Domain Metaverse Activity
Md Ariful Islam Mozumder, Muhammad Mohsan Sheeraz, Ali Athar
et al.
Metaverse is defined as a collection of technology gadgets and metaverse connected to IoT, Blockchain, Artificial Intelligence, and all the other tech industries including the medical area. IoT and Metaverse are the digital twins, Metaverse is using maximum IoT devices in their virtual workstation. This data has a unique identifying tag and is used as traceable data in the blockchain-based Metaverse. In the Metaverse, such data is becoming a valuable resource for artificial intelligence. Metaverse uses artificial intelligence and blockchain technology to build a digital virtual world where you can safely and freely engage in social and economic activities that transcend the limits of the real world, and the application of these latest technologies will be expedited. In this paper, we are going to describe what technologies metaverse is using and metaverse potentiality in medical healthcare.
218 sitasi
en
Computer Science
Blockchain Technology for Supply Chains operating in emerging markets: an empirical examination of technology-organization-environment (TOE) framework
Venkataiah Chittipaka, Satish Kumar, U. Sivarajah
et al.
Organizations adopt blockchain technologies to provide solutions that deliver transparency, traceability, trust, and security to their stakeholders. In a novel contribution to the literature, this study adopts the technology-organization-environment (TOE) framework to examine the technological, organizational, and environmental dimensions for adopting blockchain technology in supply chains. This represents a departure from prior studies which have adopted the technology acceptance model (TAM), technology readiness index (TRI), theory of planned behavior (TPB), united theory of acceptance and use of technology (UTAUT) models. Data was collected through a survey of 525 supply chain management professionals in India. The research model was tested using structural equation modeling. The results show that all the eleven TOE constructs, including relative advantage, trust, compatibility, security, firm’s IT resources, higher authority support, firm size, monetary resources, rivalry pressure, business partner pressure, and regulatory pressure, had a significant influence on the decision of blockchain technology adoption in Indian supply chains. The findings of this study reveal that the role of blockchain technology adoption in supply chains may significantly improve firm performance improving transparency, trust and security for stakeholders within the supply chain. Further, this research framework contributes to the theoretical advancement of the existing body of knowledge in blockchain technology adoption studies.
216 sitasi
en
Computer Science
A survey of application research based on blockchain smart contract
Shiyuan Lin, Lei Zhang, Jing Li
et al.
Nowadays, blockchain technology and industry has developed rapidly all over the world, which is inseparable from continuous innovation and improvement on smart contract technology. Therefore, by summarizing the working principle and application research status of blockchain smart contract, this paper analyzes the development and challenges of smart contract. Firstly, we introduce the model and operation principle of blockchain smart contract for the overall architecture, analyze the deployment process of smart contract with Ethereum, Hyperledger Fabric and EOSIO, and make a comparative analysis from the technical level. And taking Byteball, InterValue and IOTA platforms as examples, we introduce the deployment process and application potential for DAG-based blockchain smart contract. Additionally, we also summarize the application research of smart contract for international and Blockchain Oracle, and discuss its innovative application and development trend in the future. Secondly, we introduce the application status of smart contract with Ethereum and Hyperledger Fabric platforms from the aspects of financial transactions, Internet of things, medical applications, and supply chain, and further discuss EOS (enterprise operation system), Blockchain Oracle and other application fields. Furthermore, we introduce the application advantages and challenges to smart contract for industrial Internet from the fields of manufacturing, food industry, industrial Internet of things and industry 4.0. Finally, we discuss the challenges faced by smart contract with technical issues, analyzes the impact on large-scale applications and mining system on the sustainable development of smart contract, and looks forward to the future research direction of blockchain smart contract.
196 sitasi
en
Computer Science
Blockchain-Empowered Space-Air-Ground Integrated Networks: Opportunities, Challenges, and Solutions
Yuntao Wang, Z. Su, Jianbing Ni
et al.
The terrestrial networks face the challenges of severe cost inefficiency and low feasibility to provide seamless services anytime and anywhere, especially in the extreme or hotspot areas (e.g., disaster areas, mountains, and oceans) due to limited service coverage and capacity. The integration of multi-dimensional networks consisting of space, air, and ground layers is expected to provide solutions in delivering cost-effective and ubiquitous Internet of things (IoT) services for billions of users and interconnected smart devices. Autonomous data collection, exchange, and processing across different network segments with minimal human interventions in space-air-ground IoT (SAG-IoT) can bring great convenience to consumers, however, it also suffers new attacks from intruders. Severe privacy invasion, reliability issues, and security breaches of SAG-IoT can hinder its wide deployment. The emerging blockchain holds great potentials to address the security concerns in SAG-IoT, thanks to its prominent features of decentralization, transparency, immutability, traceability, and auditability. Despite of the benefits of blockchain-empowered SAG-IoT, there exist a series of fundamental challenges in terms of efficiency and regulation due to the intrinsic characteristics of SAG-IoT (e.g., heterogeneity, time-variability, and poor interoperability) and the limitations of existing blockchain approaches (e.g., capacity and scalability). This article presents a comprehensive survey of the integration of blockchain technologies for securing SAG-IoT applications. Specifically, we first discuss the architecture, characteristics, and security threats of SAG-IoT systems. Then, we concentrate on the promising blockchain-based solutions for SAG-IoT security. Next, we discuss the critical challenges when integrating blockchain in SAG-IoT security services and review the state-of-the-art solutions. We further investigate the opportunities of blockchain in artificial intelligence and beyond 5G networks and provide open research directions for building future blockchain-empowered SAG-IoT systems.
175 sitasi
en
Computer Science
A Survey of Layer-Two Blockchain Protocols
Ankit Gangwal, Haripriya Ravali Gangavalli, Apoorva Thirupathi
After the success of the Bitcoin blockchain, came several cryptocurrencies and blockchain solutions in the last decade. Nonetheless, Blockchain-based systems still suffer from low transaction rates and high transaction processing latencies, which hinder blockchains' scalability. An entire class of solutions, called Layer-1 scalability solutions, have attempted to incrementally improve such limitations by adding/modifying fundamental blockchain attributes. Recently, a completely different class of works, called Layer-2 protocols, have emerged to tackle the blockchain scalability issues using unconventional approaches. Layer-2 protocols improve transaction processing rates, periods, and fees by minimizing the use of underlying slow and costly blockchains. In fact, the main chain acts just as an instrument for trust establishment and dispute resolution among Layer-2 participants, where only a few transactions are dispatched to the main chain. Thus, Layer-2 blockchain protocols have the potential to transform the domain. However, rapid and discrete developments have resulted in diverse branches of Layer-2 protocols. In this work, we systematically create a broad taxonomy of such protocols and implementations. We discuss each Layer-2 protocol class in detail and also elucidate their respective approaches, salient features, requirements, etc. Moreover, we outline the issues related to these protocols along with a comparative discussion. Our thorough study will help further systematize the knowledge dispersed in the domain and help the readers to better understand the field of Layer-2 protocols.
171 sitasi
en
Computer Science
Leveraging FinTech and GreenTech for long-term sustainability in South Asia: Strategic pathways toward Agenda 2050
Bablu Kumar Dhar, Md. Mustaqim Roshid, Sulochana Dissanayake
et al.
As the global community moves beyond the 2030 horizon, long-term sustainability goals such as climate neutrality, digital equity, and resilient infrastructure are determining the emerging Agenda 2050—a forward-looking framework for deep sustainability transitions. This study explores how the synergistic integration of Financial Technology (FinTech) and Green Technology (GreenTech) can be used as transformative enablers of sustainable development across South Asia over the coming decades. Utilizing a qualitative thematic analysis of secondary data drawn from peer-reviewed literature, institutional reports, and country case evidence, the research identifies scalable FinTech solutions—including blockchain, digital wallets, RegTech, and green insurance—and complementary GreenTech applications such as solar energy systems, hydropower, green architecture, and sustainable mobility. The analysis highlights how FinTech can catalyze GreenTech diffusion by improving financial access, mobilizing green investments, and enabling real-time sustainability tracking. By assessing current technological trends and institutional readiness across Bangladesh, India, Pakistan, and Sri Lanka, the study provides strategic insights into building integrated digital-environmental ecosystems for Agenda 2050. Key innovations of this study include the application of a dual theoretical framework, Technology Organization Environment (TOE) and Sociotechnical Systems Theory, to analyze FinTech–GreenTech synergies, and a forward-oriented policy roadmap for long-term sustainability in low- and middle-income countries The findings are particularly relevant for policymakers, central banks, private innovators, and development agencies seeking to operationalize long-term sustainability through cross-sectoral technology pathways.
Environmental engineering, Environmental sciences