Blockchain technology: challenges and opportunities for banks

2019 ◽  
Vol 2 (4) ◽  
pp. 314
Author(s):  
Pierluigi Martino

Author(s):  
Martina Botticelli ◽  
Fabio Moretti ◽  
Stefano Pizzuti ◽  
Sabrina Romano


Author(s):  
Siddharth M. Nair ◽  
Varsha Ramesh ◽  
Amit Kumar Tyagi

The major issues and challenges in blockchain over internet of things are security, privacy, and usability. Confidentiality, authentication, and control are the challenges faced in security issue. Hence, this chapter will discuss the challenges and opportunities from the prospective of security and privacy of data in blockchain (with respect to security and privacy community point of view). Furthermore, the authors will provide some future trends that blockchain technology may adapt in the near future (in brief).



Author(s):  
Vardan Mkrttchian

In this chapter, the author describes the main new challenges and opportunities of blockchain technology for digital economy in Russia. The study in Russia showed that the Russian research community has not addressed a majority of these challenges, and he notes that blockchain developer communities actively discuss some of these challenges and suggest myriad potential solutions. Some of them can be addressed by using private or consortium blockchain instead of a fully open network. In general, the technological challenges are limited at this point, in terms of both developer support (lack of adequate tooling) and end-user support (hard to use and understand). The recent advances on developer support include efforts by of the towards model-driven development of blockchain applications sliding mode in intellectual control and communication and help the technological challenges and created tools. The chapter shows how avatars may communicate with each other by utilizing a variety of communications methods for sustainable farming and smart agriculture.



2019 ◽  
Vol 100 ◽  
pp. 143-174 ◽  
Author(s):  
Merlinda Andoni ◽  
Valentin Robu ◽  
David Flynn ◽  
Simone Abram ◽  
Dale Geach ◽  
...  


Author(s):  
Suhas Saini Et.al

Blockchain Technology revolutionize the market of digitization. Blockchain technology has also emerged as a solution in case of indirect taxes also. This technology can transform the tax regime and can contribute majorly to digital India. In GST a registered firm has to file 37 returns during a year, this technology will reduce this burden off the vendors as all the transactions are recorded in real time in block chain , which removes the need of filing any return. Transparency of system will remove all the loopholes from the system and tax evasion will also become impossible which will ultimately lead to reduction in frauds and a tampered proof system. Blockchain has brought a lot of excitement and this technology has shown its potential to transform business. But what this technology could do for the world of indirect tax? This paper will look at the challenges and opportunities that lies ahead for government in the world of indirect taxes.





2021 ◽  
Vol 3 ◽  
Author(s):  
Boris Düdder ◽  
Vladislav Fomin ◽  
Tan Gürpinar ◽  
Michael Henke ◽  
Mubashar Iqbal ◽  
...  

The early development of blockchain technology (BCT) has already demonstrated the technology's potential to serve the needs of different industries. BCT has also become established as a popular research topic in different scientific disciplines. This paper aims at introducing how several relevant scientific disciplines—supply chain management; management, economics and finance; computer science; security engineering—see the research and education perspectives for BCT. A field review is conducted to present challenges and opportunities of BCT, as well as suggestions for future research and education on the topic as seen from the selected different perspectives. The paper also presents methods for combining relevant disciplines in a modular online course to address the stated challenges and promote interdisciplinary blockchain education.





2021 ◽  
Vol 11 (11) ◽  
pp. 4928
Author(s):  
Suporn Pongnumkul ◽  
Thachaparn Bunditlurdruk ◽  
Pimwadee Chaovalit ◽  
Atima Tharatipyakul

Blockchain technology, a decentralized database that encourages collaboration, transparency, and security, is popular in Thailand, as seen from many practical projects. Nevertheless, information about Thailand’s blockchain ecosystem is incomplete. We conducted literature reviews of research articles, education courses, and industry projects, to explore blockchain from the technology adoption flow including academic research, knowledge acquisition, and project implementation. Blockchain research articles were collected from the Scopus database, while projects and courses were retrieved from an internet search. After applying inclusion and exclusion criteria, a total of 13 research articles, 50 courses, and 54 industry projects, dated from 2016 to 2020, were included in our review. Based on an analysis with respect to trends, focuses, and characteristics in all three aspects, we found that blockchain technology in Thailand was in its infancy, but has been increasing in numbers and domain varieties. However, blockchain technology did not move towards the same direction for all aspects. Most research articles were found in government services, supply chain, and traceability domains; while most projects were in the financial domains. We offer possible explanations for this observation. This paper provides challenges and opportunities for the research community and involved parties in practical implementation.



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