Using Blockchain Technology to Manage Membership and Legal Contracts in a Distributed Data Market

Author(s):  
Sven Schlarb ◽  
Roman Karl ◽  
Ross King ◽  
Thomas J. Lampoltshammer ◽  
Lorinc Thurnay ◽  
...  
Author(s):  
D. V. Gribanov

Introduction. This article is devoted to legal regulation of digital assets turnover, utilization possibilities of distributed computing and distributed data storage systems in activities of public authorities and entities of public control. The author notes that some national and foreign scientists who study a “blockchain” technology (distributed computing and distributed data storage systems) emphasize its usefulness in different activities. Data validation procedure of digital transactions, legal regulation of creation, issuance and turnover of digital assets need further attention.Materials and methods. The research is based on common scientific (analysis, analogy, comparing) and particular methods of cognition of legal phenomena and processes (a method of interpretation of legal rules, a technical legal method, a formal legal method and a formal logical one).Results of the study. The author conducted an analysis which resulted in finding some advantages of the use of the “blockchain” technology in the sphere of public control which are as follows: a particular validation system; data that once were entered in the system of distributed data storage cannot be erased or forged; absolute transparency of succession of actions while exercising governing powers; automatic repeat of recurring actions. The need of fivefold validation of exercising governing powers is substantiated. The author stresses that the fivefold validation shall ensure complex control over exercising of powers by the civil society, the entities of public control and the Russian Federation as a federal state holding sovereignty over its territory. The author has also conducted a brief analysis of judicial decisions concerning digital transactions.Discussion and conclusion. The use of the distributed data storage system makes it easier to exercise control due to the decrease of risks of forge, replacement or termination of data. The author suggests defining digital transaction not only as some actions with digital assets, but also as actions toward modification and addition of information about legal facts with a purpose of its establishment in the systems of distributed data storage. The author suggests using the systems of distributed data storage for independent validation of information about activities of the bodies of state authority. In the author’s opinion, application of the “blockchain” technology may result not only in the increase of efficiency of public control, but also in the creation of a new form of public control – automatic control. It is concluded there is no legislation basis for regulation of legal relations concerning distributed data storage today.


2021 ◽  
Author(s):  
liu hui ◽  
WeiPeng Tai ◽  
Yaofei Wang ◽  
Wang Shenling

Abstract With the increasing utilization of space related data, the demand for spatial big data sharing and trading is growing rapidly, which promotes the emergence of spatial data market. However, in conventional data markets, both data buyers and data sellers have to use a centralized trading platform which might be dishonest. Blockchain is a decentralized distributed data storage technology, which uses the traceability and unforgeability to confirm and record each transaction, can solve the disadvantages of the centralized data market, however, it also introduces the problems of security and privacy. To address this issue, we propose a blockchain-based spatial data trading framework with Trusted Execution Environment to provide a trusted decentralized platform, including data storage, data query, data pricing and security computing. Based on this framework, a spatial data trading demonstration system was implemented and its feasibility and security were verified.


2021 ◽  
Vol 233 ◽  
pp. 02016
Author(s):  
Qian Min ◽  
Wang Shuting

In recent years, Blockchain technology has been mentioned for many times in the fields of finance, Internet and energy, and it is a distributed data ledger that is decentralized, authentic, reliable, traceable open and transparent. Blockchain is constantly figuring out how to integrate with other industries. This paper analyzes the current situation in the field of medical devices of China by combing the Annual Report on Medical Device Adverse Event Monitoring from 2013-2019, and using the compound annual average growth rate. The analysis found that this field has pain points such as lack of third-party regulation and difficulty in traceability, and then it proposed the specific application of blockchain technology in the field of medical devices to solve the problems in this field.


2021 ◽  
pp. 54-62
Author(s):  
Chernykh A. M. ◽  

. Improving the electronic document management system of the judicial system requires the use of new information technologies. Conducting trials with guaranteed protection of documentary data of all participants in the trial from changes or loss will reduce the corruption component, increase mutual confidence of the parties involved in the litigation in documents. An system analysis was made of the possibility of using a distributed registry of databases and building on its basis a secure document exchange network using blockchain technology. The work defines the directions of interaction of information resources of federal state systems and the information system of justice on the blockchain platform in the interests of solving the problems of ensuring the openness of user services of the judicial system and the security of legal data of participants in the trial. A conceptual-logical model of interaction of information resources of the parties with increased requirements for mutual trust based on blockchain technology for maintaining a distributed data register and the ability to process multidimensional data (numerical, text, graphic, coordinate, etc.) with a high degree of information security for a long time.


Author(s):  
Shailesh Pancham Khapre ◽  
Chandramohan Dhasarathan ◽  
Puviyarasi T. ◽  
Sam Goundar

In the internet era, incalculable data is generated every day. In the process of data sharing, complex issues such as data privacy and ownership are emerging. Blockchain is a decentralized distributed data storage technology. The introduction of blockchain can eliminate the disadvantages of the centralized data market, but at the same time, distributed data markets have created security and privacy issues. It summarizes the industry status and research progress of the domestic and foreign big data trading markets and refines the nature of the blockchain-based big data sharing and circulation platform. Based on these properties, a blockchain-based data market (BCBDM) framework is proposed, and the security and privacy issues as well as corresponding solutions in this framework are analyzed and discussed. Based on this framework, a data market testing system was implemented, and the feasibility and security of the framework were confirmed.


Informatics ◽  
2021 ◽  
Vol 8 (2) ◽  
pp. 36
Author(s):  
Samudaya Nanayakkara ◽  
Srinath Perera ◽  
Sepani Senaratne ◽  
Geeganage Thilini Weerasuriya ◽  
Herath Mudiyanselage Nelanga Dilum Bandara

The construction industry has dynamic supply chains with multiple suppliers usually engaged in short-term relationships. Government legislation, novel types of payment agreements, conventional information technology solutions, and supply chain management best practices have endeavoured to solve payment-related financial issues in the construction industry, which are mainly caused by the complexities of the construction supply chain. Nevertheless, payment-related issues persist as one of the key challenges in the industry. Applications of blockchain technology–a trusted, distributed data storing mechanism–along with smart contracts are gaining focus as solutions for complex interorganisational processes. A smart contract is a self-executing script that codifies a set of rules or agreements between multiple parties and runs across the blockchain network. This paper identifies the suitability of blockchain and smart contract technologies in solving payment issues in the construction industry. An expert forum of construction industry stakeholders served as the primary data collection method through a structured questionnaire. The key finding of the paper is that blockchain and smart contract powered solutions can significantly mitigate the payment and related financial issues in the construction industry, including partial payments, nonpayments, cost of finance, long payment cycle, retention, and security of payments.


2021 ◽  
Vol 11 (22) ◽  
pp. 10917
Author(s):  
Abdullah Ayub Khan ◽  
Asif Ali Laghari ◽  
Aftab Ahmed Shaikh ◽  
Sami Bourouis ◽  
Amir Madany Mamlouk ◽  
...  

Degree attestation verification and traceability are complex one-to-one processes between the Higher Education Commission (HEC) and universities. The procedure shifted to the digitalized manner, but still, on a certain note, manual authentication is required. In the initial process, the university verified the degree and stamp seal first. Then, a physical channel of degree submission to the receiving ends is activated. After that, the degree is attested while properly examining and analyzing the tamper records related to degree credentials through e-communication with the university for verification and validation. This issue poses a serious challenge to educational information integrity and privacy. Potentially, blockchain technology could become a standardized platform to perform tasks including issuing, verifying, auditing, and tracing immutable records, which would enable the HEC, universities, and Federal Education Ministry (FEM) to quickly and easily get attested and investigate the forge proof versions of certificates. Besides, decentralized distributed data blocks in chronological order provide high security between distributed ledgers, consensus engine, digital signature, smart contracts, permissioned application, and private network node transactions that guarantee degree record validation and traceability. This paper presents an architecture (HEDU-Ledger) and detail design of blockchain-enabled hyperledger fabric applications implementation for degree attestation verification and traceable direct channel design between HEC and universities. The hyperledger fabric endorses attestation records first, and then validates (committer) the degree and maintains the secure chain of tracing between stakeholder peer nodes. Furthermore, this HEDU-Ledger architecture avoids language and administrative barriers. It also provides robustness in terms of security and privacy of records and maintains integrity with secure preservation as compared to that of the other state-of-the-art methods.


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