scholarly journals A novel block chain technology publication model proposal

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amol Thakre ◽  
Fadi Thabtah ◽  
Seyed Reza Shahamiri ◽  
Suhel Hammoud
Keyword(s):  
Financial Institution ◽  
Third Party ◽  
Distributed Data ◽  
Financial Investment ◽  
Academic Paper ◽  
Smart Contract ◽  
Proposed Model ◽  
Crypto Currency ◽  
Data Architecture ◽  
Block Chain

Bitcoin is among the highest rated digital crypto-currency in financial investment markets. This technology relies on a backbone of distributed data architecture and peer-to-peer networking model called Blockchain. Unlike the current digital economy, which is governed centrally by financial institution or governments, Blockchain is fully autonomous without any third-party involvement. The exorbitant success of Bitcoin has attracted investors, scholars as well as organizations to peek into this lucrative technology for the possible application to other areas apart from crypto-currency. Blockchain can adopt Smart Contracts, which are digitally enabled contracts that can be executed and enforced fully or partially using pre-defined notions. The aim of this research is to investigate the synergy between Smart Contract and Blockchain to propose a digital framework for an academic paper publication model that has the capability to automate the entire process and challenge the existing system. It can also bring together all the stakeholders under the same system. The proposed model can further hold the stakeholders accountable for breach of contracts and/or reward them for executing the successes of terms pre-configured in the Smart Contract. The proposed model, called Digital Smart Publication or DSP (as referred in the document), is highly secure and ensures balance in distributing rewards to the involved stakeholders while keeping data integrity and security as paramount features.

scholarly journals AN INTEGRATION OF WAQF AND VENTURA CAPITAL: A PROPOSED MODEL FOR INDONESIA

2018 ◽  
Vol 3 ◽  
pp. 163-182
Author(s):  
Hendri Tanjung
Keyword(s):  
Content Analysis ◽  
Venture Capital ◽  
Financial Institution ◽  
Third Party ◽  
Modus Operandi ◽  
Alternative Models ◽  
Proposed Model ◽  
Is Integration ◽  
The Right ◽  
Commercial Finance

This study aims to find the appropriate model for the modus operandi of a financial institution called Waqf-Ventura Capital Syariah (WVCS). WVCS is integration between social finance (waqf) and commercial finance (Ventura capital). This WVCS has been adopted in Indonesia but the right form of operation is still yet to be found. In addition, this study also looks for appropriate contracts able to be practiced within the WVCS itself. WVCS is conceptualized based on the content analysis of cash waqf operations, profit and loss sharing modes and venture capital strategies.  It has been found that there are at least 3 alternative models of operation for this WVCS. Firstly, the waqf fund is pooled into the capital; secondly, the waqf fund is pooled into a third-party fund; and thirdly, the waqf fund is pooled into both the capital and third party-fund.  These unique operandi of WVCS could be adopted, as long as there are mudharabah dan musharakah contracts for development of the Indonesian Economy.

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.

Security Test by using F T M and Data Allocation Strategies on Leakage Detection

2005 ◽  
Vol 4 (2) ◽  
pp. 393-400
Author(s):  
Pallavali Radha ◽  
G. Sireesha
Keyword(s):  
Third Party ◽  
Distributed Data ◽  
Data Allocation ◽  
Security Testing ◽  
Sensitive Data ◽  
Sample Data ◽  
The One ◽  
Security Test ◽  
Data Request ◽  
Allocation Strategies

The data distributors work is to give sensitive data to a set of presumably trusted third party agents.The data i.e., sent to these third parties are available on the unauthorized places like web and or some ones systems, due to data leakage. The distributor must know the way the data was leaked from one or more agents instead of as opposed to having been independently gathered by other means. Our new proposal on data allocation strategies will improve the probability of identifying leakages along with Security attacks typically result from unintended behaviors or invalid inputs.  Due to too many invalid inputs in the real world programs is labor intensive about security testing.The most desirable thing is to automate or partially automate security-testing process. In this paper we represented Predicate/ Transition nets approach for security tests automated generationby using formal threat models to detect the agents using allocation strategies without modifying the original data.The guilty agent is the one who leaks the distributed data. To detect guilty agents more effectively the idea is to distribute the data intelligently to agents based on sample data request and explicit data request. The fake object implementation algorithms will improve the distributor chance of detecting guilty agents.

scholarly journals Research on Blockchain-Based E-Bidding System

2021 ◽  
Vol 11 (9) ◽  
pp. 4011
Author(s):  
Dan Wang ◽  
Jindong Zhao ◽  
Chunxiao Mu
Keyword(s):  
Data Transmission ◽  
Privacy Protection ◽  
Graph Isomorphism ◽  
Third Party ◽  
Business Logic ◽  
Core Concept ◽  
The Core ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Bidding Process

In the field of modern bidding, electronic bidding leads a new trend of development, convenience and efficiency and other significant advantages effectively promote the reform and innovation of China’s bidding field. Nowadays, most systems require a strong and trusted third party to guarantee the integrity and security of the system. However, with the development of blockchain technology and the rise of privacy protection, researchers has begun to emphasize the core concept of decentralization. This paper introduces a decentralized electronic bidding system based on blockchain and smart contract. The system uses blockchain to replace the traditional database and uses chaincode to process business logic. In data interaction, encryption techniques such as zero-knowledge proof based on graph isomorphism are used to improve privacy protection, which improves the anonymity of participants, the privacy of data transmission, and the traceability and verifiable of data. Compared with other electronic bidding systems, this system is more secure and efficient, and has the nature of anonymous operation, which fully protects the privacy information in the bidding process.

Trust but Verify: The Oracle Paradox of Blockchain Smart Contracts

2021 ◽  
Author(s):  
Abdullah Albizri ◽  
Deniz Appelbaum
Keyword(s):  
Internal Control ◽  
Process Management ◽  
Weak Link ◽  
Design Science ◽  
Science Research ◽  
Third Party ◽  
Smart Contracts ◽  
Independent Verification ◽  
Smart Contract ◽  
Control Application

Although research shows that blockchain provides fairly immutable virtual provenance workflows, proof that the Blockchain accurately represents physical events lacks truly independent verification. This dilemma, the Oracle Paradox, challenges blockchain architecture and is perhaps one reason why businesses have hesitated to adopt smart contracts. Blockchain proponents claim that people can serve as trusted Oracles in a smart contract. However, auditing research shows that people are the weak link in almost every internal control application, including those pertaining to blockchain. People are susceptible to collusion, bribery, error, and fraud and these tendencies are not entirely mitigated by blockchain technologies (Balagurusamy et al. 2019; Nakamoto 2008). This research proposes a framework to mitigate the paradox of the Oracle: A Business Process Management (BPM) model of a Blockchain Smart Contract-enabled Supply Chain with IoT as the sole "third-party" Oracle participant, utilizing Design Science research.

scholarly journals Artificial Intelligence, Smart Contract and Islamic Finance

2018 ◽  
Vol 14 (2) ◽  
pp. 145 ◽  
Author(s):  
Siti Rohaya Mat Rahim ◽  
Zam Zuriyati Mohamad ◽  
Juliana Abu Bakar ◽  
Farhana Hanim Mohsin ◽  
Norhayati Md Isa
Keyword(s):  
Artificial Intelligence ◽  
Computer Code ◽  
Islamic Finance ◽  
Human Intelligence ◽  
Human Beings ◽  
Finance Industry ◽  
Smart Contract ◽  
Huge Impact ◽  
Block Chain

This study examines the two important aspect of latest technology issues in Islamic finance that related to artificial intelligence (AI) and smart contract. AI refers to the ability of machines to understand, think, and learn in a similar way to human beings, indicating the possibility of using computers to simulate human intelligence. Smart contract is a computer code running on top of a block-chain containing a set of rules under which the parties to that smart contract agree to interact with each other. The main objectives of this article are to evaluate the operations of AI and smart contract, to make comparison between the operations of AI and smart contract. This article concludes that AI and smart contract will have a huge impact in future for Islamic Finance industry.

scholarly journals Modelling Perceived Risks Associated to the Entry of Complementors’ in Platform Enterprises: A Case Study

2018 ◽  
Vol 10 (9) ◽  
pp. 3272 ◽  
Author(s):  
Elena-Teodora Miron ◽  
Anca Purcarea ◽  
Olivia Negoita
Keyword(s):  
Literature Review ◽  
Perceived Risk ◽  
Asset Specificity ◽  
Third Party ◽  
High Quality ◽  
Perceived Risks ◽  
Proposed Model ◽  
Perceived Environmental Uncertainty ◽  
Main Attraction

Third-party innovators, i.e., complementors, in platform enterprises develop and commercialize add-on products which are one of the main attraction points for customers. To ensure a sustainable evolution of the enterprise, the platform owner needs to attract and retain high-quality third-party innovators. We posit that the transaction costs incurred upon joining the enterprise as well as the controls imposed by the platform owner throughout the development and commercialization process shape the innovator’s perceived risk and influence his decision on whether to join or not. Based on a literature review, the paper at hand proposes a conceptual model for complementors to assess their perceived risk and subsequently evaluates the model in a case study of a platform enterprise for IT-based modelling tools. While some of the propositions are validated, i.e., that informational controls decrease the perceived environmental uncertainty and implicitly the perceived risks, other propositions, such as the fact that asset specificity is a deterrent to entering the platform enterprise could not be validated. Further case studies are necessary to provide a conclusive proof of the proposed model.

scholarly journals TRUST MANAGEMENT OF COMMUNICATION ARCHITECTURES OF INTERNET OF THINGS

2019 ◽  
Vol 2019 (02) ◽  
pp. 121-130 ◽  
Author(s):  
Dr. Wang Haoxiang
Keyword(s):  
Internet Of Things ◽  
Information Exchange ◽  
Trust Management ◽  
The Internet ◽  
Trust System ◽  
Proposed Model ◽  
Communication Architectures ◽  
Block Chain ◽  
Seamless Connection ◽  
The Internet Of Things

The Internet of things is the basic paradigm with the cluster of techniques that ensure innovations in the service rendered in various applications. It aims to develop a seamless connection between the tangible objects around and the information network in turn to provide a well-structured servicing to its users. Though the IOT service seems to be promising, the risks still prevail in the form of privacy and the security in user acceptance in utilizing the internet of things services, and its application. This makes the trust management very important for the internet of things. So the paper puts forth the distributed block chain involved trust system to manage the conveyance infrastructures of the internet of things paradigm. The evaluation of the proposed model evinces the enhanced security provided for the nodes of the IOT as well as its information exchange.

scholarly journals Block-Chain Technology -Security, Platforms

2019 ◽  
Vol 8 (2S11) ◽  
pp. 3512-3518
Keyword(s):  
Video Games ◽  
Great Influence ◽  
Current Paper ◽  
Protocol Stack ◽  
Security Issues ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Block Chain ◽  
Educational Applications

The current paper is focused on its security issues with its prospective applications for educational applications and explored how blockchain Technology can be used to solve some education problems.Blockchain Technology can be integrated into multiple areas like cryptocurrencies,smart contract ,Bank,Blockcahin with video games,finance,judiciary , commerce and IOT.Blockchain Technology has already changed peoples lifestyle in many areas due to its great influence. In this paper the Three types of Blockchain engineering 1.0,2.0,3.0 with its protocol stack layer working ,its advantages and applications are checked .Along with different platforms on which Blokchain is running with its features is highlighted and evolution phases in Blockchain .This paper aim is to test amenities of security,related to the Blockchain and need of innovation of Blockchain.

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