Distributed Ledger Technology for Smart Cities, the Sharing Economy, and Social Compliance

PurposeA blockchain is a shared distributed ledger technology that stores the information of every transaction in the network. The blockchain has emerged with a huge diversity of applications not only in the economic but in the non-economical domain as well. Blockchain technology promises to provide a wide range of solutions to the problems faced during implementation of smart cities. It has the potential to build smart contracts more secure, thus eliminating the need for centralized authority.Design/methodology/approachThis paper presents a proof-of-concept for a use case that uses an Ethereum platform to build a blockchain network to buy, sell or rent a property.FindingsThe findings of this study provide an opportunity to create novel decentralized scalable solutions to develop smart cities by enabling paperless transactions. There are enormous opportunities in this distributed ledger technology which will bring a revolutionary change in upcoming years.Originality/valueThe concept of blockchain along with smart contracts can be used as a promising technology for sharing services which is a common requirement in smart cities. All the blockchain transactions are stored in decentralized shared database. The transaction recorded in decentralized system is immutable, it cannot be altered and hence chance of forgery is negligible.

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Distributed Ledger Technology and Secured Transactions

10.1596/34009 ◽

2020 ◽

Author(s):

Keyword(s):

Distributed Ledger ◽

Distributed Ledger Technology ◽

Secured Transactions

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Blockchain and distributed ledger technologies � Overview of and interactions between smart contracts in blockchain and distributed ledger technology systems

10.3403/30384568u ◽

2019 ◽

Keyword(s):

Smart Contracts ◽

Distributed Ledger ◽

Distributed Ledger Technology ◽

Technology Systems

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The Economics of Distributed Ledger Technology for Securities Settlement

SSRN Electronic Journal ◽

10.2139/ssrn.3023272 ◽

2017 ◽

Cited By ~ 10

Author(s):

Evangelos Benos ◽

Rodney Garratt ◽

Pedro Gurrola-Perez

Keyword(s):

Distributed Ledger ◽

Distributed Ledger Technology ◽

Securities Settlement

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Development of a trade model based on distributed ledger technology for the EAEU

Procedia Computer Science ◽

10.1016/j.procs.2021.06.067 ◽

2021 ◽

Vol 190 ◽

pp. 571-581

Author(s):

Seryozha E. Melkonyan ◽

Natali A. Galoyan ◽

Anna N. Norkina ◽

Pavel Yu. Leonov

Keyword(s):

Model Based ◽

Trade Model ◽

Distributed Ledger ◽

Distributed Ledger Technology

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Distributed Interoperable Records: The Key to Better Supply Chain Management

Computers ◽

10.3390/computers10070089 ◽

2021 ◽

Vol 10 (7) ◽

pp. 89

Author(s):

Annegret Henninger ◽

Atefeh Mashatan

Keyword(s):

Supply Chain ◽

Supply Chain Management ◽

Gap Analysis ◽

Global Supply Chain ◽

Full Potential ◽

Chain Management ◽

Current State ◽

Future State ◽

Distributed Ledger ◽

Distributed Ledger Technology

The global supply chain is a network of interconnected processes that create, use, and exchange records, but which were not designed to interact with one another. As such, the key to unlocking the full potential of supply chain management (SCM) technologies is achieving interoperability across participating records systems and networks. We review existing research and solutions using distributed ledger technology (DLT) and provide a survey of its current state of practice. We additionally propose a holistic solution: a DLT-based interoperable future state that could enable the interoperable, efficient, reliable, and secure exchange of records with integrity. Finally, we provide a gap analysis between our proposed future state and the current state, which also serves as a gap analysis for many fractional DLT-based SCM solutions and research.

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