scholarly journals An Approach to Integrate a Blockchain-Based Payment Model and Independent Secure Documentation for a Robot as a Service

2022 ◽  
pp. 177-188
Author(s):  
Rainer Müller ◽  
Ali Kanso ◽  
Fabian Adler
Keyword(s):  
Business Model ◽  
Specific Data ◽  
Payment Model ◽  
Advantages And Disadvantages ◽  
Blockchain Technology ◽  
Economic Considerations

AbstractRobots for hire instead of purchase are developing an increasing interest among customers. This article will present a concept developed at ZeMA for the integration of a blockchain-based payment module and manipulation-proof documentation of process-specific data. This should improve the business model of hiring robots not only in terms of technical components but also in terms of economic considerations. In this way, the billing process can be automated to a certain extent, and a legally secure basis with the manipulation-proof storage of process-specific data can be created. The advantages and disadvantages of blockchain, in relation to Robot as a Service, will be highlighted and it will be shown how the disadvantages can be negated. The current limits of blockchain will also be shown. The blockchain technology IOTA is used.

scholarly journals Blockchain technology – a new approach in business environment

2018 ◽  
Vol 184 ◽  
pp. 04016 ◽  
Author(s):  
Olga Bucovetchi ◽  
Dorel Badea ◽  
Radu D. Stanciu
Keyword(s):  
Internet Of Things ◽  
Search Engine ◽  
Business Model ◽  
Industry 4.0 ◽  
Business Environment ◽  
Academic Environment ◽  
New Approach ◽  
Advantages And Disadvantages ◽  
Blockchain Technology ◽  
Timely Topic

Given the newest trends in business and the growing interest towards Internet of Things, it became natural that economic environment switched the paradigm of classical business model. Blockchain technology is a very timely topic of discussion both in academic environment and outside it. This element was proven by authors when analyzing the topic towards the number of publication releases and the search engine queries. Furthermore, the authors shaped the framework of blockchains‘ development highlighting the main advantages and disadvantages for Industry 4.0.

The Potential Of Blockchain Technology To Change International Mobile Roaming Business Model

2019 ◽  
Vol 5 (1) ◽  
pp. 15-22
Author(s):  
Ardian Thresnantia Atmaja
Keyword(s):  
Business Model ◽  
Current Situation ◽  
Business Value ◽  
Third Party ◽  
Fundamental Aspect ◽  
Clearing House ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Target Architecture ◽  
Architecture Development

The key objectives of this paper is to propose a design implementation of blockchain based on smart contract which have potential to change international mobile roaming business model by eliminating third-party data clearing house (DCH). The analysis method used comparative analysis between current situation and target architecture of international mobile roaming business that commonly used by TOGAF Architecture Development Method. The purposed design of implementation has validated the business value by using Total Cost of Ownership (TCO) calculation. This paper applies the TOGAF approach in order to address architecture gap to evaluate by the enhancement capability that required from these three fundamental aspect which are Business, Technology and Information. With the blockchain smart contract solution able to eliminate the intermediaries Data Clearing House system, which impacted to the business model of international mobile roaming with no more intermediaries fee for call data record (CDR) processing and open up for online billing and settlement among parties. In conclusion the business value of blockchain implementation in the international mobile roaming has been measured using TCO comparison between current situation and target architecture that impacted cost reduction of operational platform is 19%. With this information and understanding the blockchain technology has significant benefit in the international mobile roaming business.

About digital transformation of the transport industry in Russia

2020 ◽  
Vol 19 (3) ◽  
pp. 95-105
Author(s):  
Natalia V. Vysotskaya ◽  
T. V. Kyrbatskaya
Keyword(s):  
Artificial Intelligence ◽  
Business Model ◽  
Data Science ◽  
Digital Transformation ◽  
Digital Culture ◽  
Blockchain Technology ◽  
Community Approach ◽  
Non Linear ◽  
Transport Industry ◽  
Artificial Intelligence Systems

The article is devoted to the consideration of the main directions of digital transformation of the transport industry in Russia. It is proposed in the process of digital transformation to integrate the community approach into the company's business model using blockchain technology and methods and results of data science; complement the new digital culture with a digital team and new communities that help management solve business problems; focus the attention of the company's management on its employees and develop those competencies in them that robots and artificial intelligence systems cannot implement: develop algorithmic, computable and non-linear thinking in all employees of the company.

The convergence of Internet of Things, Blockchain and Connected Vehicles: Conceptual Advantages and Disadvantages of a new Cooperative Intelligent Transportation System

2021 ◽  
Vol 03 (01) ◽  
pp. 33-41
Author(s):  
Vittorio Astarita ◽  
Vincenzo Pasquale Giofrè ◽  
Giuseppe Guido ◽  
Alessandro Vitale
Keyword(s):  
Internet Of Things ◽  
Intelligent Transportation Systems ◽  
Intelligent Transportation System ◽  
Main Idea ◽  
Intelligent Transportation ◽  
Transportation Systems ◽  
Connected Vehicles ◽  
City Management ◽  
Advantages And Disadvantages ◽  
Blockchain Technology

This paper intends to explore the convergence of some technological innovations that could lead to new cooperative Intelligent Transportation Systems (ITS). The technologies that might soon converge and lead to some new developments are: the Blockchain Technology (BT) concept, Internet of Things (IoT) and Connected and Automated Vehicles (CAV). Advantages and disadvantages of the new concepts founding a new ITS system are discussed in this conceptual paper. Blockchain technology has been recently introduced and many research ideas have been presented for application in the transportation sector. In this paper, we discuss a system that is based on a dedicated blockchain, able to involve both drivers and city administrations in the adoption of promising and innovative technologies that will create cooperation among connected vehicles. The proposed blockchain-based system can allow city administrators to reward drivers when they are willing to share travel data. The system manages in a special way the creation of rewards which are assigned to drivers and institutions participating actively in the system. Moreover, the system allows keeping a complete track of all transactions and interactions between drivers and city management on a completely open and shared platform. The main idea is to combine connected vehicles with BT to promote Cooperative ITS use, a better use of infrastructures and a more sustainable eco-system of cryptocurrencies. A short description of BT is introduced to evidence energy problems of sustainability in the implementation of Proof of Work (PoW) that is adopted by many blockchains.

scholarly journals Local Government Financial Institution and FinTech

2019 ◽  
pp. 557-566
Author(s):  
Witold Srokosz
Keyword(s):  
Local Government ◽  
Business Model ◽  
Financial Institutions ◽  
Financial Institution ◽  
Model Based ◽  
Blockchain Technology ◽  
The Creation ◽  
Legal Barriers

The article compares the characteristics of local government financial institutions and FinTechs in order to make an attempt to answer the question whether a local government financial institution may constitute a FinTech. The study analyses a particular case of using the business model based on blockchain technology for a local government financial institution, as well as discusses the possibility to base the functioning of such institution on the DAO concept. The article is summarised with the outline of the analyses of legal barriers concerning the creation and functioning of local government financial institutions as FinTechs.

scholarly journals MINING AND BUSINESS ACTIVITIES: IN SEARCH OF THE BALANCE

2019 ◽  
pp. 73-82 ◽  
Author(s):  
I. V. Ershova ◽  
E. V. Trofimova
Keyword(s):  
Legal Regulation ◽  
Digital Economy ◽  
State Regulation ◽  
Entrepreneurial Activity ◽  
Advantages And Disadvantages ◽  
Layer Cake ◽  
Blockchain Technology ◽  
Private And Public ◽  
The Republic ◽  
Definition Of

The article reveals the content and outlines approaches to the definition of the legal nature of mining. Attention is drawn to the necessity of legal regulation of this activity, which is predetermined by the Federal Program «Digital Economy of the Russian Federation» — a project that provides for normative regulation of the digital environment. In order to support the mission to eliminate digital illiteracy, which is also envisaged in the National Program, the author elucidates the etymology and meaning of the term «mining» and considers various doctrinal interpretations of this concept. The paper presents such analogies of the blochchain technology as the public ledger, DNA, and a layer-cake for a better understanding of the blockchain technology that is associated with mining. Material-technical and organizational foundations of mining are revealed. The author demonstrates advantages and disadvantages of solo mining, pool mining, and cloud mining. The results of comparative monitoring of the attitude to the recognition of cryptocurrency as a means of payment are presented. Attention is drawn to the liberal legal regulation of blockchain technology and mining under the laws of the Republic of Belarus. The paper determines the stages of a law-making process aimed at legal support of mining in Russia. Based on the results of comparison of concepts of entrepreneurial activity and mining, it is concluded that mining represents one of new types of entrepreneurship brought to life due to the needs of digital economy. The author suggests thatmining participants be recognized as self-employed persons. It is noted that the entrepreneurial nature of mining arises questions concerning measures of its state regulation which is difficult within the framework of the existing paradigm, but should be built on the basis of a balance between private and public interests.

Subsea Pipelines and Flowlines Decommissioning: What We Should Know for a Rational Approach

2017 ◽  
Author(s):  
Soheil Manouchehri
Keyword(s):  
Rational Approach ◽  
Operational Environment ◽  
Advantages And Disadvantages ◽  
Production History ◽  
Operational Activities ◽  
Single Pipe ◽  
Subsea Pipelines ◽  
Economic Considerations

Offshore and subsea decommissioning will increase in the next five years or so as many producing fields are matured and cease production while the oil price continues to remain low. This emphasizes the need for a thorough decommissioning plan to ensure a safe and technically feasible solution while it is economically viable and safeguards the environment. Offshore and subsea decommissioning is commonly considered on a case-by-case basis using the Comparative Assessment (CA) process in which the best decommissioning solution is obtained. Health, Safety and Environmental (HSE) considerations are always paramount in any decommissioning process. The aim is to significantly reduce the long term risks to other benefactors of the sea while the associated short term risks to those responsible for decommissioning operations are minimized. A major part of any decommissioning project is subsea pipelines decommissioning (by “pipelines”, it is meant to include flowlines, trunklines and flexible too). There are a number of techniques available for decommissioning of subsea pipelines ranging from preservation for potential future use to full recovery or leaving in-situ. However, each subsea pipeline decommissioning technique should be considered on its own merit. Selection of each decommissioning technique depends on many parameters, inter alia, size of pipeline, type of pipeline (e.g. single pipe, pipe-in-pipe, piggyback), type of conveying fluid, operational environment (location), production history, Inspection, Repair and Maintenance (IRM) records, HSE considerations, connection to other facilities, technical feasibility (including potential use of advanced technologies), regulatory authorities requirements and socio-economic considerations. This paper will look at specifics of subsea pipelines decommissioning. It will examine the procedures to be undertaken from desk top activities (e.g. planning and CA) up to operational activities (e.g. pigging, flushing, cleaning, removal or leaving in-situ). Different scenarios are discussed and potential advantages and disadvantages of each scenario are presented. In addition, a guide is proposed for future pipelines decommissioning projects to follow a rational approach.

Modelling blockchain-based business processes: a comparative analysis of BPMN vs CMMN

2021 ◽  
Vol 27 (2) ◽  
pp. 638-657
Author(s):  
Fredrik Milani ◽  
Luciano Garcia-Banuelos ◽  
Svitlana Filipova ◽  
Mariia Markovska
Keyword(s):  
Design Methodology ◽  
Business Processes ◽  
Process Analysis ◽  
Process Models ◽  
Disruptive Technology ◽  
Content Type ◽  
Advantages And Disadvantages ◽  
Blockchain Technology ◽  
Block Chain ◽  
Insight Into

PurposeBlockchain technology is increasingly positioned as a promising and disruptive technology. Such a promise has attracted companies to explore how blockchain technology can be used to gain significant benefits. Process models play a cardinal role when seeking to improve business processes as they are the foundation of process analysis and redesign. This paper examines how blockchain-oriented processes can be conceptually modelled with activity- (BPMN) and artifact-centric (CMMN) modelling paradigms.Design/methodology/approachThis paper discusses how commonly occurring patterns, specific to block-chain-based applications, can be modelled with BPMN and CMMN. Furthermore, the advantages and disadvantages of both notations for accurately representing blockchain-specific patterns are discussed.FindingsThe main finding of this paper is that neither BPMN nor CMMN can adequately and accurately represent certain patterns specific for blockchain-oriented processes. BPMN, while supporting most of the patterns, does not provide sufficient support to represent tokenization. CMMN, on the other hand, does not provide support to distinguish between activities executed and data stored on-chain versus off-chain.Originality/valueThe paper provides insight into the strengths and weaknesses of BPMN and CMMN for modelling processes to be supported by blockchain. This will serve to aid analysts to produce better process models for communication purposes and, thereby, facilitate development of blockchain-based solutions.

ORGANIZATIONAL AND INSTITUTIONAL STRUCTURE OF E-COMMERCE: ADVANTAGES AND DISADVANTAGES IN MODERN CONDITIONS

2021 ◽  
Vol 3 (10) ◽  
pp. 36-44
Author(s):  
V. V. VELIKOROSSOV ◽  
◽  
E. V. GENKIN ◽  
A. Zh. Yakushev ◽  
◽  
...  
Keyword(s):  
Electronic Commerce ◽  
Business Model ◽  
Institutional Structure ◽  
Internet Commerce ◽  
Sustainable Business ◽  
Effective Mechanism ◽  
Agricultural Producers ◽  
Crisis Period ◽  
Advantages And Disadvantages ◽  
The Subject

This article discusses the development of electronic commerce among agricultural producers, as well as effective tools in Internet commerce. The subject of the study is e-commerce as a sustainable business model and an effective mechanism for maintaining and developing business in a pandemic COVID-19 and the post-crisis period, the subject is the organization of activities of world and Russian enterprises in the e-commerce market, including during the pandemic.

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