scholarly journals Distributed E-Voting and E-Bidding Systems Based on Smart Contract

Electronics ◽  
2019 ◽  
Vol 8 (4) ◽  
pp. 422 ◽  
Author(s):  
Raylin Tso ◽  
Zi-Yuan Liu ◽  
Jen-Ho Hsiao
Keyword(s):  
Data Transmission ◽  
Third Party ◽  
Electronic Voting ◽  
Technology Research ◽  
Guarantee System ◽  
Blockchain Technology ◽  
System Integrity ◽  
Smart Contract ◽  
Cryptographic Techniques ◽  
Opening Phase

Traditional voting and bidding systems largely rely on paperwork and human resources throughout the voting process, which can incur high costs in terms of both time and money. Electronic voting and electronic bidding systems can be used to reduce costs, and many new systems have been introduced. However, most systems require a powerful and trusted third party to guarantee system integrity and security. With developments in blockchain technology, research has begun to highlight the core concept of decentralization. In this study, we introduce the first decentralized electronic voting and bidding systems based on a blockchain and smart contract. We also use cryptographic techniques such as oblivious transfer and homomorphic encryptions to improve privacy protection. Our proposed systems allow voters and bidders to participate in the opening phase and improve participant anonymity, the privacy of data transmission, and data reliability and verifiability. Moreover, compared with other electronic voting and bidding systems, our systems are safer and more efficient.

scholarly journals Research on Blockchain-Based E-Bidding System

2021 ◽  
Vol 11 (9) ◽  
pp. 4011
Author(s):  
Dan Wang ◽  
Jindong Zhao ◽  
Chunxiao Mu
Keyword(s):  
Data Transmission ◽  
Privacy Protection ◽  
Graph Isomorphism ◽  
Third Party ◽  
Business Logic ◽  
Core Concept ◽  
The Core ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Bidding Process

In the field of modern bidding, electronic bidding leads a new trend of development, convenience and efficiency and other significant advantages effectively promote the reform and innovation of China’s bidding field. Nowadays, most systems require a strong and trusted third party to guarantee the integrity and security of the system. However, with the development of blockchain technology and the rise of privacy protection, researchers has begun to emphasize the core concept of decentralization. This paper introduces a decentralized electronic bidding system based on blockchain and smart contract. The system uses blockchain to replace the traditional database and uses chaincode to process business logic. In data interaction, encryption techniques such as zero-knowledge proof based on graph isomorphism are used to improve privacy protection, which improves the anonymity of participants, the privacy of data transmission, and the traceability and verifiable of data. Compared with other electronic bidding systems, this system is more secure and efficient, and has the nature of anonymous operation, which fully protects the privacy information in the bidding process.

The Potential Of Blockchain Technology To Change International Mobile Roaming Business Model

2019 ◽  
Vol 5 (1) ◽  
pp. 15-22
Author(s):  
Ardian Thresnantia Atmaja
Keyword(s):  
Business Model ◽  
Current Situation ◽  
Business Value ◽  
Third Party ◽  
Fundamental Aspect ◽  
Clearing House ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Target Architecture ◽  
Architecture Development

The key objectives of this paper is to propose a design implementation of blockchain based on smart contract which have potential to change international mobile roaming business model by eliminating third-party data clearing house (DCH). The analysis method used comparative analysis between current situation and target architecture of international mobile roaming business that commonly used by TOGAF Architecture Development Method. The purposed design of implementation has validated the business value by using Total Cost of Ownership (TCO) calculation. This paper applies the TOGAF approach in order to address architecture gap to evaluate by the enhancement capability that required from these three fundamental aspect which are Business, Technology and Information. With the blockchain smart contract solution able to eliminate the intermediaries Data Clearing House system, which impacted to the business model of international mobile roaming with no more intermediaries fee for call data record (CDR) processing and open up for online billing and settlement among parties. In conclusion the business value of blockchain implementation in the international mobile roaming has been measured using TCO comparison between current situation and target architecture that impacted cost reduction of operational platform is 19%. With this information and understanding the blockchain technology has significant benefit in the international mobile roaming business.

scholarly journals Discussion on Payment Application in Cross-border E-Commerce Platform from the Perspective of Blockchain

2021 ◽  
Vol 235 ◽  
pp. 03020
Author(s):  
Qian Liao ◽  
Mimi Shao
Keyword(s):  
Information Leakage ◽  
Consumer Information ◽  
Third Party ◽  
Cross Border ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Smart Contract ◽  
Cash Payment ◽  
Asymmetric Encryption ◽  
Further Development

Features like the distributed ledger, consensus mechanism, asymmetric encryption technology, smart contract and Token of blockchain can lower transaction cost, enhance trust between customers and merchants, as well as eliminate false payment and consumer information leakage, problems which are common in current payment of cross-border E-Commerce platform. Based on the analysis of existing scholars, this paper studied two payment models: digital cash payment based on blockchain technology and the application of blockchain in third-party payment platform. Then the paper discussed the mechanism of blockchain in cross-border e-commerce payment platform, and creatively proposed a blockchain cross-border e-commerce payment platform, serving as reference and guidance for further development of blockchain technology in cross-border payment.1

Electronic Voting Application Powered by Blockchain Technology

2021 ◽  
pp. 230-246
Author(s):  
Geetanjali Rathee ◽  
Hemraj Saini
Keyword(s):  
Human Rights ◽  
Daily Basis ◽  
Smart Phones ◽  
Electronic Voting ◽  
Human Rights Violations ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Election Process ◽  
The World ◽  
The Common

India is the largest democracy in the world, and in spite of that, it faces various challenges on a daily basis that hinder its growth like corruption and human rights violations. One of the ugliest phases of corruption and political mayhem is visible during the election process where no stone is kept unturned in order to gain power. However, it is the common citizen who suffers most in terms of clarity as well as security when it comes to his/her vote. Blockchain can play a very important role in ensuring that the voters registering their votes are legit and the counting of votes is not manipulated in any way. It is also needed in today's times where the world is available to people in their smart phones to also give them the opportunity to register their votes hassle free via their smart phones without having to worry about the system getting hacked. Therefore, in this chapter, the proposed layout will be based on a smart contract, using Ethereum software to create an e-voting app. In this chapter, the authors have proposed a secure e-voting framework through blockchain mechanism.

scholarly journals E-Voting: Blockchain Based Voting For Secure Vote Casting

2019 ◽  
Vol 9 (2) ◽  
pp. 4797-4801
Keyword(s):  
Research Work ◽  
Consensus Algorithm ◽  
Electronic Voting ◽  
Sybil Attack ◽  
Decentralized System ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Voting System ◽  
Electronic Voting System ◽  
Algorithm Proof

A blockchain is decentralized immutable ledger technology maintaining integrity. So to conduct tamperproof election it’s one of the approach towards it. Smart contracts are Self executed code that is written on Ethereum platform in blockchain. An E-voting system should be completely secure and does not allow voting twice that is double spending in blockchain. So it should be completely transparent. In research work electronic voting application is implemented and tested using smart contract on Ethereum platform with the help of metamask wallet. The results of ballots and votes will be stored on Ethereum blockchain with the help of consensus algorithm proof of stake. This consensus is used in validating a transaction with concept of majority approval. Current electronic voting system requires a centralized authority to control the procedure from ballot input to result output and for monitoring of election. While blockchain technology provide decentralized system which is open across connected nodes. Blockchain assets provide increased level of system security from hacking and fraud. Every transaction in blockchain is time-stamped and signed digitally with the help of cryptographic algorithms, and it assigns unique hash value to every block so it can be trace easily. Blockchain technology is one of solutions because it embraces a decentralized system and the entire databases are owned by many users. The blockchain technology also has much vulnerability due to which many attacks like 51% attack, Double Spending attack, DDOS attack, Sybil attack, Eclipse attack and Routing attack can be performed on it.

scholarly journals Blockchain Technology and It’s Applications in E-Governance Services

2019 ◽  
Vol 8 (4) ◽  
pp. 5795-5802
Keyword(s):  
Supply Chain ◽  
Data Structure ◽  
Open Source ◽  
Smart Cities ◽  
Third Party ◽  
Technical Aspects ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Peer Network ◽  
Peer To Peer Network

Blockchain Technology is one of the most popular technologies of present days. This technology has the capability to eliminate the requirement of third party to validate the transactions over the Peer-to-Peer network. Due to various features of Blockchain like smart contract, consensus mechanism, network transactions are completed securely, efficiently and timely. This technology is very useful in many areas including medical, IoT, e-Governance services, smart cities, taxation, supply chain, banking etc. In this paper, we discuss the Blockchain Technology in detail, its data structure, open source platform like Ethereum and Hyperledger, technical aspects of this technology, possible applications of this technology, challenges and limitations in adaptation of this technology.

Blockchain and the Emerging Trends for Improving “Smart Contract” Security

2019 ◽  
Vol 28 (03n04) ◽  
pp. 1940019
Author(s):  
Milton Chang
Keyword(s):  
Reducing Power ◽  
Economic Incentives ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Emerging Trends ◽  
Cryptographic Techniques

Blockchain technology is believed to be a highly secured solution for it is a decentralized ledger guarded by cryptographic techniques. However, the recent successful ‘51% Attack’ [1] on Ethereum Blockchain network, raised concerns regarding the trustworthiness of this technology. This paper addresses the causes and solutions to that attack. Private Transactions like the techniques implemented in Parity Ethereum and Quorum are introduced. Proof of Stack (POS) is another approach using economic incentives instead of intensive computations to guard against attacks while reducing power consumed. They are considered mitigation to the ‘51% Attack’. The use of Second Factor Authentication at the Smart Contract level is also addressed.

Blockchain Based Bidding System

2021 ◽  
Vol 9 (VIII) ◽  
pp. 51-53
Author(s):  
Mr. C. K Srinivas
Keyword(s):  
Third Party ◽  
Start Time ◽  
Plain Text ◽  
The Public ◽  
Aes Algorithm ◽  
Cipher Text ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Sealed Bid ◽  
Final Output

The E-auction, one of the most common e-commerce events, allows bidders to bid directly on the Internet. As with the sealed deal, additional transaction costs are needed with intermediaries, as the third party plays an essential role between buyers and sellers in helping to negotiate both during the auction. In fact, it never confirms that a third party is trustworthy. To solve the problems, we propose the low transaction cost blockchain technology which is used to build the public bid and sealed bid smart contract. The smart contract consists of the Auctioneer address, the start time for the auction, the deadline, the current winner's address, and the current highest price. The project demonstrates the bidding framework with blockchain technology. This bidding application prepared by using Advanced Encryption Standard(AES) Algorithm. This algorithm contains AES cipher specifiers the number of repetitions of transformation rounds, that converts the input called the plain text, then into the final output called cipher text.

scholarly journals SLA-Based Sharing Economy Service with Smart Contract for Resource Integrity in the Internet of Things

2019 ◽  
Vol 9 (17) ◽  
pp. 3602 ◽  
Author(s):  
Lei Hang ◽  
Do-Hyeun Kim
Keyword(s):  
Performance Metrics ◽  
Service Level Agreement ◽  
Dynamic Environment ◽  
Experimental Tests ◽  
Service Level ◽  
Sharing Economy ◽  
Third Party ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Trading Partners

Recently, technology startups have leveraged the potential of blockchain-based technologies to govern institutions or interpersonal trust by enforcing signed treaties among different individuals in a decentralized environment. However, it is going to be hard enough convincing that the blockchain technology could completely replace the trust among trading partners in the sharing economy as sharing services always operate in a highly dynamic environment. With the rapid expanding of the rental market, the sharing economy faces more and more severe challenges in the form of regulatory uncertainty and concerns about abuses. This paper proposes an enhanced decentralized sharing economy service using the service level agreement (SLA), which documents the services the provider will furnish and defines the service standards the provider is obligated to meet. The SLA specifications are defined as the smart contract, which facilitates multi-user collaboration and automates the process with no involvement of the third party. To demonstrate the usability of the proposed solution in the sharing economy, a notebook sharing case study is implemented using the Hyperledger Fabric. The functionalities of the smart contract are tested using the Hyperledger Composer. Moreover, the efficiency of the designed approach is demonstrated through a series of experimental tests using different performance metrics.

scholarly journals Blockchain: Future of Accounting Education

2020 ◽  
Vol 12 (2) ◽  
pp. 14
Author(s):  
Munshi Samaduzzaman
Keyword(s):  
Transaction Cost ◽  
Low Cost ◽  
Accounting Education ◽  
Third Party ◽  
Accounting System ◽  
Accounting Standard ◽  
Peer Communication ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Smart Contract

Blockchain will be the future of accounting education. Triple entry accounting system is here, and shared ledger has been considered. From the shared ledger different parties can access transactions. As our discussion reveals that distributed ledger, Smart contract and Blockchain are three important elements in the triple entry accounting system. As a result, blockchain technology is helping the upgrading the process of education system. Blockchain technology is a peer to peer communication that allows participants to secure the settlement of transactions, achieve the transactions and transfer of assets at low cost. With certain advantages there are disadvantages too. Based on performance and acceptance, it is clear that in future the implication of blockchain technology would be developed. The concept of triple accounting has introduced the new way of accounting work replacing accounting standard formula. The blockchain technology eliminates the involvement of third party, maintain transparency and charges low transaction cost. It will save money and time of people as it is secure and due to decentralization, it is not controlled by one single entity. Due to the decentralization, every user of the network can see the file. So, blockchain should the part the Accounting Education in future.

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