scholarly journals Distributed Ledger Technologien im Rheinischen Revier in Nordrhein-Westfalen

2020 ◽  
Author(s):  
Daniel Trauth ◽  
Philipp Niemietz ◽  
Johannes Mayer ◽  
Alexander Beckers ◽  
Wolfgang Prinz ◽  
...  
Keyword(s):  
Manufacturing Industry ◽  
Service Providers ◽  
Point Of View ◽  
Use Cases ◽  
Federal State ◽  
Process Data ◽  
Distributed Ledger ◽  
Distributed Ledger Technology ◽  
New Business ◽  
Product And Process

The use of Distributed Ledger Technologies in the field of production optimizes various use cases. Within the framework of the research project “Blockchain Reallabor in the Rheinisches Revier”, five use cases were defined for production in the first year of the project. The confidence in and transparency of stored data, the elimination of central entities and automatic micropayments in real time are revolutionizing auditing, product and process monitoring and life cycle assessment. With the machine data marketplace for trading process data and the rental of machine capacities in the form of subscription, for example, a Distributed Ledger creates new business models.In North Rhine-Westphalia (NRW), the field of users (17 percent) is currently not highly developed in comparison to service providers, infrastructure providers and research alliances (83 percent). Nevertheless, there are some projects that usually contain the described use cases in a less complex way and thus confirm their validity. An analysis of the ecosystem Distributed Ledger Technologies in the Rheinisches Revier provides some insights into the actors involved. There is a trend towards large companies implementing Distributed Ledger Technology projects. It is not possible to make a technology or infrastructure recommendation based on the developed ecosystem, since the identified use cases are handled with different infrastructures depending on the project.Finally, it should be emphasized that the federal state of North Rhine-Westphalia can be considered a pioneer in Distributed Ledger Technologies in Germany. A nation-wide comparison of users from the manufacturing industry shows that over 65 percent are located in NRW. The establishment of the Distributed Ledger Technology in the small and medium business sector is, from today‘s point of view, the next step towards reaching the level of perfect productivity according to the Gartner hype cycle.

scholarly journals Proposal for Customer Identification Service Model Based on Distributed Ledger Technology to Transfer Virtual Assets

2021 ◽  
Vol 5 (3) ◽  
pp. 31
Author(s):  
Keundug Park ◽  
Heung-Youl Youm
Keyword(s):  
Money Laundering ◽  
Service Providers ◽  
Task Force ◽  
Service Model ◽  
Cross Border ◽  
Model Based ◽  
Distributed Ledger ◽  
Distributed Ledger Technology ◽  
Customer Identification ◽  
Financial Action Task

Recently, cross-border transfers using blockchain-based virtual assets (cryptocurrency) have been increasing. However, due to the anonymity of blockchain, there is a problem related to money laundering because the virtual asset service providers cannot identify the originators and the beneficiaries. In addition, the international anti-money-laundering organization (the Financial Action Task Force, FATF) has placed anti-money-laundering obligations on virtual asset service providers through anti-money-laundering guidance for virtual assets issued in June 2019. This paper proposes a customer identification service model based on distributed ledger technology (DLT) that enables virtual asset service providers to verify the identity of the originators and beneficiaries.

scholarly journals With a little help from the miners: distributed ledger technology and market disintermediation

2018 ◽  
Vol 118 (3) ◽  
pp. 637-652 ◽  
Author(s):  
Efpraxia D. Zamani ◽  
George M. Giaglis
Keyword(s):  
Business Models ◽  
Disruptive Innovation ◽  
Sustainable Business ◽  
Technology Infrastructure ◽  
Content Type ◽  
Economic Agents ◽  
Distributed Ledger ◽  
Distributed Ledger Technology ◽  
New Business ◽  
Early Decision

Purpose The purpose of this paper is to argue for the role of the blockchain, i.e., distributed ledger technology, in building innovative business models, including machine money, autonomous economic agents and decentralised organisations. Design/methodology/approach The paper is conceptual/argumentative. As such, it draws on research on (e-)commerce, theories of markets, disruptive innovation and extant studies and conceptual work at the intersection of cryptocurrencies, machine-to-machine commerce and the Internet of Things. Findings The authors highlight three application areas for blockchains, whereby they can function as applications, can help develop autonomous economic agents and can lead the development of decentralised autonomous organisations. With regards to the question of market disintermediation, the authors suggest that, rather than complete disintermediation, the most probable scenario is that of new types of intermediaries finding previously unthinkable roles to play in mediating blockchain-based economic transactions. With regards to the inhibitors that slow down the technology’s adoption and, therefore, the development of new business applications, the authors posit that these relate mainly to the inherent risk of the technology, infrastructure requirements, scepticism of early decision makers and the lack of required new skills and competencies. Originality/value The authors examine how new forms of digital money and technologies embedding trust in decentralised networks will alter markets and commerce, at a time when many regulatory issues remain unresolved; in doing so, the authors focus on how blockchain-enabled technologies can be used to enable and further develop decentralised trusted peer-to-peer transaction ledger systems and applications and lead to sustainable business models.

scholarly journals Beyond Bitcoin: Recent Trends and Perspectives in Distributed Ledger Technology

2021 ◽  
Author(s):  
Diego Romano ◽  
Giovanni Schmid
Keyword(s):  
Critical Analysis ◽  
Building Blocks ◽  
Use Cases ◽  
Distributed Ledger ◽  
Distributed Ledger Technology ◽  
Functional Aspects ◽  
Recent Trends

In the last four years, the evolution and adoption of blockchain and, more generally, distributed ledger systems have shown the affirmation of many concepts and models with significant differences in system governance and suitable applications. This work aims to update the critical analysis of blockchain technologies carried out by our previous contribution to this journal, extending the focus to distributed ledger components and systems. Starting from the topical concept of decentralization, we introduce concepts and building blocks currently adopted in the available systems centering on their functional aspects and impact on possible applications. We present some conceptual framing tools helpful in the application context, and we will propose the concept of process authenticity, which we will discuss through two use cases: blockchain document dematerialization and e-voting.

Blockchain Technology

2021 ◽  
pp. 200-214
Author(s):  
Zaigham Mahmood
Keyword(s):  
Service Providers ◽  
Use Cases ◽  
The Internet ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Digital Assets

Blockchain technology is probably the most attractive innovation since the emergence of the internet. Blockchain refers to an open distributed ledger spread across multiple computers that hold digitally recorded transactions in a much more efficient, transparent, and secure manner. A blockchain consists of a number of blocks, each containing data relating to digital assets and a hash header that links it to the previous block in the chain. The blocks are linked together, and new blocks can be added and removed, following a process of consensus. Also, those involved in the transactions can share the distributed digital ledger without needing a centralized intermediary. This chapter aims to introduce blockchain technology and discuss the use cases and initiatives in various sectors of the society, in particular within the blockchain product vendors and service providers. Characteristics, benefits, types, underlying technologies, and platforms are also discussed for the sake of completeness.

scholarly journals Blockchain Technology and Manufacturing Industry: Real-Time Transparency and Cost Savings

2018 ◽  
Vol 10 (11) ◽  
pp. 4274 ◽  
Author(s):  
Taehyun Ko ◽  
Jaeram Lee ◽  
Doojin Ryu
Keyword(s):  
Real Time ◽  
Manufacturing Industry ◽  
Cost Savings ◽  
Manufacturing Firms ◽  
Financial Industry ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Distributed Ledger Technology ◽  
Technology Applications ◽  
Managerial Delegation

Blockchain technology has been recommended for the sustainability in the manufacturing industry, owing to its benefits in terms of real-time transparency and cost savings. To verify this, we first examine how firms can employ distributed ledger technology by adopting blockchain technology to achieve real-time transparency and cost savings. We also review the current blockchain technology applications in the financial industry and supply chains to explain this technology’s mechanisms for enabling real-time transparency and cost savings in the manufacturing industry. Finally, we theoretically compare the profits of manufacturing firms in two managerial delegation games under a duopoly situation. This theoretical model suggests that the real-time transparency and cost savings secured by blockchain technology improve the profitability and competitiveness of manufacturing firms, which, in turn, assure the sustainability in the manufacturing industry.

scholarly journals The Legal Design of the Smart Contract: The Legal Nature and Scope of Application

Lex Russica ◽  
2019 ◽  
pp. 51-62 ◽  
Author(s):  
O. S. Grin ◽  
E. S. Grin ◽  
A. V. Solovyov
Keyword(s):  
Information Technologies ◽  
Computer Code ◽  
Legal Aspects ◽  
Point Of View ◽  
Smart Contracts ◽  
Distributed Ledger ◽  
Smart Contract ◽  
Distributed Ledger Technology ◽  
Legal Nature ◽  
Scope Of Application

Within the framework of this article, the authors carry out the study of the design of the smart contract in the context of jurisprudence and technical sciences. The paper analyzes the legal nature of the smart contract and the issues concerning the scope of application (in relation to distributed ledger technology).The authors conclude that the category of “smart contract” can be defined in technical and legal aspects. In foreign literature, there are two categories: a legal smart contract and a smart contract code (or smart contract). The smart contract as a technical phenomenon represents a computer code that allows automated fulfillment of obligations. From legal point of view, the approaches to the definition of the smart contract depend primarily on the fact that the authors rely on the possibility of using smart contracts only within the framework of distributed ledger technology or other information technologies. At the same time, the majority of authors share the view that the smart contract exists exclusively in relation to the technology of distributed ledgers, namely, the blockchain. The article proposes to define the smart contract as a standard (special) contractual design — a contract concluded by electronic or other technical means, under the terms of which performance of the obligation is carried out without directed explicit additional expression of will (under Part 2 of Article 309 of the Civil Code of the Russian Federation).The article states that the smart contract cannot be qualified as an independent way of ensuring the performance of obligations. Such qualification is possible only if the functional approach to understanding security is applied. The paper examines the main fields of application of smart contracts and possible risks of their application (in terms of statement of terms of agreements in relation to a programming language; in respect of necessity of compliance with such fundamental principles of civil law as legality, fairness, protection of the weak; the need for communication with public authorities and notaries, as well as risks of using smart contracts in relations involving the participation of consumers). A separate set of questions concerns the protection of the rights infringed due to the use of smart contracts.

scholarly journals Validating a 5G-Enabled Neutral Host Framework in City-Wide Deployments

Sensors ◽  
2021 ◽  
Vol 21 (23) ◽  
pp. 8103
Author(s):  
Adriana Fernández-Fernández ◽  
Carlos Colman-Meixner ◽  
Leonardo Ochoa-Aday ◽  
August Betzler ◽  
Hamzeh Khalili ◽  
...  
Keyword(s):  
Mobile Networks ◽  
Business Models ◽  
Service Providers ◽  
Use Cases ◽  
Network Slicing ◽  
European Cities ◽  
Functional Capabilities ◽  
New Business ◽  
Practical Implications ◽  
New Business Models

Along with the adoption of 5G, the development of neutral host solutions provides a unique opportunity for mobile networks operators to accommodate the needs of emerging use-cases and in the consolidation of new business models. By exploiting the concept of network slicing, as one key enabler in the transition to 5G, infrastructure and service providers can logically split a shared physical network into multiple isolated and customized networks to flexibly address the specific demands of those tenant slices. Motivated by this reality, the H2020 5GCity project proposed a novel 5G-enabled neutral host framework for three European cities: Barcelona (ESP), Bristol (UK), and Lucca (IT). This article revises the main achievements and contributions of the 5GCity project, focusing on the deployment and validation of the proposed framework. The developed neutral host framework encompasses two main parts: the infrastructure and the software platform. A detailed description of the framework implementation, in terms of functional capabilities and practical implications of city-wide deployments, is provided in this article. This work also presents the performance evaluation of the proposed solution during the implementation of real vertical use cases. Obtained results validate the feasibility of the neutral host model and the proposed framework to be deployed in city-wide 5G infrastructures.

scholarly journals The Economics of Distributed Ledger Technology for Securities Settlement

Ledger ◽  
2019 ◽  
Vol 4 ◽  
Author(s):  
Evangelos Benos ◽  
Rodney Garratt ◽  
Pedro Gurrola-Perez
Keyword(s):  
Technological Innovation ◽  
Price Discrimination ◽  
Service Providers ◽  
Innovation Process ◽  
Monopoly Pricing ◽  
Distributed Ledger ◽  
Distributed Ledger Technology ◽  
Efficient Price ◽  
Market Surplus ◽  
Securities Settlement

We apply economic principles to understand how distributed ledger technology (DLT) might impact the innovation process and eventual market structure in the security settlement industry. Our main conclusions are that:  i) Although DLT has the potential to significantly reduce costs in securities settlement, implementation is challenging, ii) technological innovation in the post-trade industry is more likely to succeed with some degree of coordination, which could be facilitated by the relevant authorities, and iii) DLTbased securities settlement is likely to be concentrated among few providers which, absent any regulation, could result in inefficient monopoly pricing or efficient price discrimination with service providers capturing much of the market surplus

Sign in / Sign up

Export Citation Format

Share Document