scholarly journals Blockchain Technology: Application in the Financial Industry

2021 ◽  
Vol 7 (8) ◽  
pp. 130
Author(s):  
Jimmy M. Kapadia
Keyword(s):  
Distributed Database ◽  
The Internet ◽  
Alternative Mechanism ◽  
Financial Industry ◽  
Technology Application ◽  
Blockchain Technology ◽  
Lively Debate ◽  
The Creation

Cryptocurrencies and their underlying blockchain technology are being out as the next big thing after the creation of the internet. The Blockchain is an encrypted, distributed database that records data, or in other words, it is a digital ledger of any transactions, contracts - that needs to be independently recorded. Blockchain has been initially launched as an approach to payment transactions based on cryptography to provide an alternative mechanism for the trust between two transacting parties. Blockchain technology has sparked a lively debate among researchers. This article tried to study the applications of blockchain technology in the financial industry.

scholarly journals P2P Payment using Blockchain Technology

2021 ◽  
pp. 12-16
Author(s):  
Savinay Mengi ◽  
Astha Gupta
Keyword(s):  
Distributed Control ◽  
Distributed Database ◽  
Economic Incentives ◽  
P2p Network ◽  
The Internet ◽  
P2p Networks ◽  
Transaction Data ◽  
Blockchain Technology ◽  
Single User ◽  
Human Problem

A Blockchain protocol operates on top of the Internet, on a P2P network of computers that all run the protocol and hold an identical copy of the ledger of transactions, enabling P2P value transactions without a middleman though machine consensus. The concept of Blockchain first came to fame in October 2008, as part of a proposal for Bitcoin, with the aim to create P2P money without banks. Bitcoin introduced a novel solution to the age-old human problem of trust. The underlying blockchain technology allows us to trust the outputs of the system without trusting any actor within it. People and institutions who do not know or trust each other, reside in different countries, are subject to different jurisdictions, and who have no legally binding agreements with each other, can now interact over the Internet without the need for trusted third parties like banks, Internet platforms, or other types of clearing institutions. Ideas around cryptographically secured P2P networks have been discussed in the academic environment in different evolutionary stages, mostly in theoretical papers, since the 1980s. “Proof-of-Work” is the consensus mechanism that enables distributed control over the ledger. It is based on a combination of economic incentives and cryptography. Blockchain is a shared, trusted, public ledger of transactions, that everyone can inspect but which no single user controls. It is a distributed database that maintains a continuously growing list of transaction data records, cryptographically secured from tampering and revision.

scholarly journals Agri-food safety optimized by blockchain technology: review

2022 ◽  
Vol 75 (1) ◽  
Author(s):  
Iván González-Puetate ◽  
Carmen Luisa Marín Tello ◽  
Henry Reyes Pineda
Keyword(s):  
Supply Chain ◽  
Food Safety ◽  
Technological Development ◽  
Research Work ◽  
Distributed Database ◽  
Production Cycle ◽  
Disruptive Technology ◽  
Technology Application ◽  
Blockchain Technology ◽  
Production Distribution

Blockchain technology is a distributed database, an innovation tool in the agri-food supply chain in processes such as production, distribution, marketing. In this research work, the blockchain technology application in agri-food security processes was evaluated, establishing the best conditions for its adoption in companies, this proposal synthesizes the contributions as a disruptive technology, for this, the information was collected from the period 2018-2020 from the Scopus and Web of Science bases, performing an analysis of the information using the Atlas TI 8.4 software, establishing the focus of the research on a network of codes suggested by some authors. It was found that the contribution of Blockchain for the years of study was traceability 26%, supply chain 17.5%, technological development 10.4%, trust 9.8%, among others. It is concluded that establishing the theoretical link between technology and traceability processes in supply chains, traceability in the agri-food sector is essential to certify information of interest to the stakeholder group. This is because traceability is the transcendental element of the food safety system that allows guaranteeing control in the supply chain when processes are being recorded and enriching the databases, which can be available to the final consumer to check the details of the production cycle and that technological elements generate competitiveness in companies with blockchain in their procedures, promote high levels of transparency, data security, decentralization, among other terms associated with trust, and a better relationship with the consumer is developed and a greater number of sale increasing profitability.

scholarly journals Prospects for the use of blockchain technology in the tourism industry

2019 ◽  
Keyword(s):  
Distributed Database ◽  
Tourism Industry ◽  
Source Analysis ◽  
Blockchain Technology ◽  
Tourism Sector ◽  
The Creation ◽  
Identity Cards ◽  
Available Information ◽  
Financial Transactions

Nowadays, Blockchain is one of the most desired technologies, because almost every industry seeks to apply it. Tourism was no exception. Manufacturers of services on the basis of a distributed database claim that thanks to the blockchain it is possible to completely get rid of the monopoly in the market, which in turn will lead to lower prices for services and increase the level of tourist comfort. The technology was first applied to the Bitcoin network. Now blockchain finds application in a wide variety of areas, from processing financial transactions to storage of data on the purchase of virtual cats. The tourism sector can use the blockchain to store publicly available information about the quality of hotels and the behaviors of tourists, to process transactions for the purchase of tickets and reservation of housing, to create databases for storing identity cards, etc. The subject of the article research is the use of blockchain in the tourism industry. The goal is to analyze the current state and determine the prospects for using blockchain technology in the tourism business. The tasks are to highlight the main problems and prospects for using the blockchain, as well as formulating a strategy for using this technology in the tourism market as a means of improving the quality of travel. The study uses theoretical, methodological and systematic methods of source analysis, including statistical materials, regulatory documents, scientific articles to assess the state of the use of blockchain technology in tourism and the prospects for its application. The following results were obtained: the main directions of the use of the blockchain in tourism were identified, its influence on the creation of a more diverse and flexible offer in the tourism services market. It is concluded that blockchain technology can provide greater security and transparency in the tourism industry thus increasing its profitability, which in turn affects the creation of new jobs and the standard of living of the population.

scholarly journals Blockchain Technology as an Alternative Method of Payment Transaction Proof

2021 ◽  
Vol 2 (5) ◽  
pp. 1769-1774
Author(s):  
Bambang Irawan
Keyword(s):  
Data Storage ◽  
New Technologies ◽  
Internet Banking ◽  
Payment System ◽  
Mobile Internet ◽  
The Internet ◽  
Financial Industry ◽  
Industrial Transformation ◽  
Payment Methods ◽  
Blockchain Technology

Today, the development of information technology allows all needs in the payment system to conduct safely and reliably with the support of blockchain technology. Blockchain technology is currently a concept getting more attention in financial technology (Fintech). This technology combines several computer technologies, including distributed data storage, point-to-point transmission, consensus mechanisms, and encryption algorithms often referred to as cryptography. Currently, various payment methods are available, Direct payment methods via the website, credit cards, automatic debit (Autopay), Mobile / Internet Banking, Non-bank, E-commerce, and E-wallet. All of the above payment systems still require a third party as a guarantor for the transactions made. Another problem that arises is a notification of bill dues to consumers, using conventional media in letters, emails, and notices of short message service (SMS), which allows consumers to miss the given deadline. It could cause the service to terminate. Blockchain technology is currently still considered an innovation that disrupts the world of banking and the internet. However, because this technology is a breakthrough major in data storage and information transmission, it will fundamentally change the global financial and economic operating model towards new technologies and industrial transformation in the financial industry. Current consumer bill payment methods use conventional banking systems, and notification systems for payment deadlines are less efficient; we propose a payment system with blockchain technology and the internet of things (IoT) to solve the current problem.

Utilizing Blockchain Technology in Social Media Bot Identification

2020 ◽  
Author(s):  
Shreya Reddy ◽  
Lisa Ewen ◽  
Pankti Patel ◽  
Prerak Patel ◽  
Ankit Kundal ◽  
...  
Keyword(s):  
Machine Learning ◽  
Social Media ◽  
Gold Standard ◽  
The Internet ◽  
Learning Models ◽  
Current Time ◽  
Machine Learning Methods ◽  
Blockchain Technology ◽  
Modern Age ◽  
Machine Learning Models

<p>As bots become more prevalent and smarter in the modern age of the internet, it becomes ever more important that they be identified and removed. Recent research has dictated that machine learning methods are accurate and the gold standard of bot identification on social media. Unfortunately, machine learning models do not come without their negative aspects such as lengthy training times, difficult feature selection, and overwhelming pre-processing tasks. To overcome these difficulties, we are proposing a blockchain framework for bot identification. At the current time, it is unknown how this method will perform, but it serves to prove the existence of an overwhelming gap of research under this area.<i></i></p>

Tendencies of development of modern innovative technologies and the digital economy

2018 ◽  
Vol 35 (2) ◽  
pp. 40-47
Author(s):  
S. M. Doguchaeva
Keyword(s):  
Internet Of Things ◽  
Digital Economy ◽  
Digital Transformation ◽  
The Internet ◽  
Successful Development ◽  
Innovative Technologies ◽  
Digital World ◽  
Blockchain Technology ◽  
The Internet Of Things

The era of digital transformation provides the opportunity for leading companies to change priorities - to begin to take care of the support environment using innovative technologies and become a leading creative platform open for innovation. The successful development of the digital world, the blockchain technology, the Internet of things – the mechanism which will change the financial world. 

Accounting Information Systems in Public Sector towards Blockchain Technology Application: The Role of Accountants’ Emotional Intelligence in the Digital Age

2021 ◽  
Vol 12 (1) ◽  
pp. 73-94
Author(s):  
Pham Quang Huy ◽  
Vu Kien Phuc
Keyword(s):  
Emotional Intelligence ◽  
Public Sector ◽  
New Technology ◽  
Accounting Information ◽  
Accounting Information System ◽  
Accounting Information Systems ◽  
Technology Application ◽  
Public Sector Organization ◽  
Blockchain Technology ◽  
The Impact

Abstract This research ferreted out to inspect the interconnection between emotional intelligence (EI), Blockchain technology application (BLO) and the effectiveness of Accounting information system (AIS). Survey-based data obtained from 412 respondents were applied to validate the model hypotheses. Building on the statistical analysis with the support of SPSS 25.0 and SMART- PLS (partial least squares) 3.2.8 software package, the model results inferred the impact of EI on BLO. Besides, the outputs of the study accentuated on the importance of BLO on the effectiveness of AIS. These significant additions will optimistically inspire other scholars to carry on exploring the relationship between EI and BLO in enhancing the effectiveness of AIS in research settings as well as in explaining the results. On the other hand, taking these results into consideration could promote much better solutions for issues relevant to EI and new technology application among public sector organization (PSO) in term of increasing the performance of AIS.

scholarly journals ESR white paper: blockchain and medical imaging

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
◽  
Elmar Kotter ◽  
Luis Marti-Bonmati ◽  
Adrian P. Brady ◽  
Nandita M. Desouza
Keyword(s):  
Medical Imaging ◽  
Image Data ◽  
Distributed Database ◽  
Relevant Information ◽  
White Paper ◽  
Imaging Data ◽  
Data Set ◽  
Blockchain Technology ◽  
Potential Applications ◽  
Basic Technology

AbstractBlockchain can be thought of as a distributed database allowing tracing of the origin of data, and who has manipulated a given data set in the past. Medical applications of blockchain technology are emerging. Blockchain has many potential applications in medical imaging, typically making use of the tracking of radiological or clinical data. Clinical applications of blockchain technology include the documentation of the contribution of different “authors” including AI algorithms to multipart reports, the documentation of the use of AI algorithms towards the diagnosis, the possibility to enhance the accessibility of relevant information in electronic medical records, and a better control of users over their personal health records. Applications of blockchain in research include a better traceability of image data within clinical trials, a better traceability of the contributions of image and annotation data for the training of AI algorithms, thus enhancing privacy and fairness, and potentially make imaging data for AI available in larger quantities. Blockchain also allows for dynamic consenting and has the potential to empower patients and giving them a better control who has accessed their health data. There are also many potential applications of blockchain technology for administrative purposes, like keeping track of learning achievements or the surveillance of medical devices. This article gives a brief introduction in the basic technology and terminology of blockchain technology and concentrates on the potential applications of blockchain in medical imaging.

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