scholarly journals Blockchain Technology: Financial Sector Applications Beyond Cryptocurrencies

Proceedings ◽  
2019 ◽  
Vol 28 (1) ◽  
pp. 7 ◽  
Author(s):  
Polyviou ◽  
Velanas ◽  
Soldatos
Keyword(s):  
Financial Sector ◽  
Use Cases ◽  
Financial Industry ◽  
The Public ◽  
Blockchain Technology ◽  
The Way

Blockchain technology was initially employed as the public transaction ledger for cryptocurrencies. However, beyond cryptocurrencies, blockchain technology has been recently considered for a plethora of other applications as it encapsulates unique properties including decentralization, security, transparency and anti-tampering. Such properties are particularly advantageous for variety of prominent issues experienced in the financial sector. As a result, blockchain technology holds the potential to revolutionize the financial industry by altering the way in which different services are conducted in the financial industry. In this paper, we outline five different financial industry use cases that are expected to be radically transformed by the use of blockchain technology.

Blockchain as supply chain technology: considering transparency and security

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Pei Xu ◽  
Joonghee Lee ◽  
James R. Barth ◽  
Robert Glenn Richey
Keyword(s):  
Supply Chain ◽  
Text Mining ◽  
Information Security ◽  
Design Methodology ◽  
Use Cases ◽  
Future Research ◽  
Content Type ◽  
Blockchain Technology ◽  
Twitter Data ◽  
The Way

PurposeThis paper discusses how the features of blockchain technology impact supply chain transparency through the lens of the information security triad (confidentiality, integrity and availability). Ultimately, propositions are developed to encourage future research in supply chain applications of blockchain technology.Design/methodology/approachPropositions are developed based on a synthesis of the information security and supply chain transparency literature. Findings from text mining of Twitter data and a discussion of three major blockchain use cases support the development of the propositions.FindingsThe authors note that confidentiality limits supply chain transparency, which causes tension between transparency and security. Integrity and availability promote supply chain transparency. Blockchain features can preserve security and increase transparency at the same time, despite the tension between confidentiality and transparency.Research limitations/implicationsThe research was conducted at a time when most blockchain applications were still in pilot stages. The propositions developed should therefore be revisited as blockchain applications become more widely adopted and mature.Originality/valueThis study is among the first to examine the way blockchain technology eases the tension between supply chain transparency and security. Unlike other studies that have suggested only positive impacts of blockchain technology on transparency, this study demonstrates that blockchain features can influence transparency both positively and negatively.

scholarly journals A Survey on Blockchain Interoperability: Past, Present, and Future Trends

2022 ◽  
Vol 54 (8) ◽  
pp. 1-41
Author(s):  
Rafael Belchior ◽  
André Vasconcelos ◽  
Sérgio Guerreiro ◽  
Miguel Correia
Keyword(s):  
Literature Review ◽  
Grey Literature ◽  
Use Cases ◽  
Future Research ◽  
Future Trends ◽  
Research Directions ◽  
Blockchain Technology ◽  
Future Research Directions ◽  
The Way

Blockchain interoperability is emerging as one of the crucial features of blockchain technology, but the knowledge necessary for achieving it is fragmented. This fact makes it challenging for academics and the industry to achieve interoperability among blockchains seamlessly. Given this new domain’s novelty and potential, we conduct a literature review on blockchain interoperability by collecting 284 papers and 120 grey literature documents, constituting a corpus of 404 documents. From those 404 documents, we systematically analyzed and discussed 102 documents, including peer-reviewed papers and grey literature. Our review classifies studies in three categories: Public Connectors, Blockchain of Blockchains, and Hybrid Connectors. Each category is further divided into sub-categories based on defined criteria. We classify 67 existing solutions in one sub-category using the Blockchain Interoperability Framework, providing a holistic overview of blockchain interoperability. Our findings show that blockchain interoperability has a much broader spectrum than cryptocurrencies and cross-chain asset transfers. Finally, this article discusses supporting technologies, standards, use cases, open challenges, and future research directions, paving the way for research in the area.

scholarly journals KONTRIBUSI FINTECH DALAM MENINGKATKAN KEUANGAN INKLUSIF PADA PERTANIAN (Studi Analisis Melalui Pendekatan Keuangan Syariah Dengan Situs Peer To Peer Lending Pada Pertanian Di Indonesia)

2018 ◽  
Vol 1 (1) ◽  
pp. 1 ◽  
Author(s):  
Hanik Fitriani
Keyword(s):  
Financial Institutions ◽  
Agricultural Sector ◽  
Financial Sector ◽  
Financial Inclusion ◽  
Network Access ◽  
Financial Industry ◽  
The Public ◽  
Digital Era ◽  
The Government ◽  
Financial Technology

Abstract: Currently the development of technology is growing very rapidly and has entered into all sectors, including the financial sector. With the technology to the financial sector, it is slowly transforming the financial industry into the digital era. The combination of Financial Technique (Fintech) with financial institutions, especially sharia financial institutions, is considered to increase financial inclusiveness in agriculture. Inclusion is a situation where the public is not aware of access to digital finance.The emergence of problems in the first agricultural sector due to lack of land, secondly due to lack of farmer capital and thirdly due to lack of land processors made modernization of technology create agricultural financial technology as an alternative to increase financial inclusion in agriculture.The use of fintech agro in Indonesia is felt to be lacking because of constraints such as lack of literacy to the community, poorly trained human resources, lack of legislation and lack of network access to remote villages. Financial inclusion can increase with the support of the government to improve supporting facilities and infrastructure for the use of fintech agro in Indonesia. الملخص: في الوقت الحالي ينمو تطوير التكنولوجيا بسرعة كبيرة وقد دخل في جميع القطاعات، بما في ذلك القطاع المالي. ومع دخول التكنولوجيا إلى القطاع المالي، فإنها تحول الصناعة المالية إلى العصر الرقمي. ويشعر مزيج من التقنية المالية  مع المؤسسات المالية، وخاصة المؤسسات المالية الشرعية، تزيد التمويل في مجال الزراعة. ظهور مشاكل في القطاع الزراعي الأول بسبب عدم وجود الأراضي، وثانياً بسبب نقص رأس المال الفلاحي، وثالثاً بسبب عدم وجود معالجي الأراضي، أدى تحديث التكنولوجيا إلى خلق التكنولوجيا الزراعية المالية كبديل لزيادة الشمول المالي في الزراعة. ومن المعتقد أن استخدام التكنولوجيا الزراعية في إندونيسيا يفتقر إلى القيود بسبب الافتقار إلى معرفة القراءة والكتابة لدى المجتمع، والموارد البشرية المدربة تدريجيًا، وعدم وجود تشريعات، وعدم الوصول إلى الشبكة إلى القرى النائية. يمكن أن يزيد الإدماج المالي بدعم من الحكومة لتحسين المرافق الداعمة والبنية التحتية لاستخدام التكنولوجيا الزراعية في إندونيسيا.                                         Abstrak: Saat  ini  perkembangan teknologi berkembang sangat pesat  dan telah masuk ke semua sector, diantaranya adalah sektor keuangan. Dengan masuknya teknologi ke sector keungan, maka secara perlahan  mengubah industry keuangan ke era digital. Perpaduan antara Financial Technlogi (Fintech) dengan lembaga keuangan  khususnya lembaga keuangan syariah dirasa dapat meningkatkan inklusif keuangan pada bidang pertanian. Inklusi adalah sebuah keadaan di mana masyarakat kurang paham terhadap akses keuangan digital.Munculnya permasalahan pada bidang pertanian pertama karena kurangnya lahan, kedua karena kurangya modal petani dan ketiga karena kurangnya pengolah lahan membuat modernisasi teknologi menciptakan teknologi financial  agro pertanian sebagai alternative meningkatkan inklusi keuangan pada bidang pertanian.Penggunan fintech agro di Indonesia dirasa masih kurang karena adanya kendala seperti kurangnya literasi kepada masyarakat, Sumber daya manusia yang kurang dibina, peraturan perundang-undangan yang kurang dan kurangnya akses jaringan ke dalam pelosok desa. Inklusi keuangan bisa  meningkat dengan adanya dukungan dari pemerintah guna peningkatan sarana dan prasarana penunjang untuk penggunaan fintech agro di Indonesia.

scholarly journals REVOLUSI DIGITAL & DINAMIKA PERKEMBANGAN CRYPTOCURRENCY DITINJAU DARI PERSPEKTIF LITERATUR REVIEW

2021 ◽  
Vol 1 (1) ◽  
pp. 264-291
Author(s):  
Uli Wildan Nuryanto ◽  
Pramudianto Pramudianto
Keyword(s):  
Digital Technology ◽  
Financial Sector ◽  
New Paradigm ◽  
The Public ◽  
Long Period ◽  
Blockchain Technology ◽  
Backup System ◽  
Legal Perspective ◽  
High Volatility ◽  
Pros And Cons

The spread of digital technology currently faster and influence on all of human dimension, including to the financial sector. The presence of cryptocurrency using blockchain technology has changed the previously system that has been used for a long period and it come a pros and cons. The system built using peer-to-peer cause the system no longer need the 3rd party that control the financial system and since the system decentralized. The nature of cryptocurrency which made as the same with gold characteristic such as the limitation of quantity, process to get it must through the mining process, more resistance from inflation are making people and society interested and significantly increase time by time. The decentralized and anonymous blockchain working system for token holders and safe has presented as a new paradigm in the financial sector. But on other hand, there are many challenges and dynamics that arise due to the emergence of these cryptocurrency, one of which is risk from the legal perspective where there are cases of money laundering involving of crypto, losses to the investor asset due to ICO process that not run smoothly, the emergence losses from crypto exchanges that hacked due to not have a high security backup system that made the customer losses their digital wallet. Crypto value that tend to have high volatility and fluctuating rates with fast count also increase the risk. The readiness of countries and drafting laws related to the crypto was contribution for this research. One of the biggest interested from the public is the use of crypto as long asset investment, where the values increasing from year to year, even Bitcoin as one of the cryptocurrencies that previously worthless but currently has very fantastic values and become a favourite from the investor

scholarly journals Classification of Cryptocurrency: A Review of the Literature

2021 ◽  
Vol 12 (5) ◽  
pp. 1353-1360
Author(s):  
Wan Nur Izzah Wan Muhamad Fokri, Et. al.
Keyword(s):  
Technological Development ◽  
Qualitative Approach ◽  
Islamic Finance ◽  
Review Of The Literature ◽  
Financial Industry ◽  
The Public ◽  
Descriptive Research ◽  
Digital Currency ◽  
Blockchain Technology

Technological development has affected the global financial industry. The use of digital currency is increasingly gaining a place among the world’s population, so much so that there are 2486 types of digital currency on record. Scholars in Islamic finance as well as Fatwa institutions all over the world have delivered their religious decree concerning the digital currency; hence, most discussions about the use of the decree was only directed at Bitcoin as a medium of payment although some digital currencies have other functions, such as being utility and security tokens. Therefore, the decree concerning other digital currencies cannot apply the decree issued for Bitcoin only because each digital currency has a different conceptual framework. Hence, this study, which applied the qualitative approach and a descriptive research design, intended to analyse the classification of digital currencies according to their function and characteristics. The findings show that digital currency is classified into coins, currency, tokens, payment tokens, utility tokens and security or asset tokens. Coins function as a medium of payment and store of value that was developed using its own blockchain. Currency is a medium of exchange and can be exchanged with any form of money, including the crediting or debiting of an account. Tokens represent services, financial instruments or infrastructure that is developed using the blockchain technology of other digital currencies. Tokens are divided into three types according to their function, namely payment tokens, utility tokens and security or asset tokens. The classification of digital currencies provides a guideline for the public who wish to carry out transactions using digital currencies. It is important to ensure that transactions carried out in accordance with the syarak will help alleviate cases of fraud related to investment and sale of digital currencies.

Heritage

2018 ◽  
Author(s):  
Omar Shaikh ◽  
Stefano Bonino
Keyword(s):  
Facial Expressions ◽  
South Asian ◽  
Online Video ◽  
The South ◽  
Men And Women ◽  
The Public ◽  
Video Footage ◽  
Community Heritage ◽  
Personal Accounts ◽  
The Way

The Colourful Heritage Project (CHP) is the first community heritage focused charitable initiative in Scotland aiming to preserve and to celebrate the contributions of early South Asian and Muslim migrants to Scotland. It has successfully collated a considerable number of oral stories to create an online video archive, providing first-hand accounts of the personal journeys and emotions of the arrival of the earliest generation of these migrants in Scotland and highlighting the inspiring lessons that can be learnt from them. The CHP’s aims are first to capture these stories, second to celebrate the community’s achievements, and third to inspire present and future South Asian, Muslim and Scottish generations. It is a community-led charitable project that has been actively documenting a collection of inspirational stories and personal accounts, uniquely told by the protagonists themselves, describing at first hand their stories and adventures. These range all the way from the time of partition itself to resettling in Pakistan, and then to their final accounts of arriving in Scotland. The video footage enables the public to see their facial expressions, feel their emotions and hear their voices, creating poignant memories of these great men and women, and helping to gain a better understanding of the South Asian and Muslim community’s earliest days in Scotland.

The End of History Museums: What's Plan B??

2008 ◽  
Vol 30 (4) ◽  
pp. 9-27 ◽  
Author(s):  
Cary Carson
Keyword(s):  
Historic Sites ◽  
The Public ◽  
End Of History ◽  
House Museums ◽  
The Past ◽  
History Museums ◽  
Plan B ◽  
The End Of History ◽  
The Way

Abstract Are historic sites and house museums destined to go the way of Oldsmobiles and floppy disks?? Visitation has trended downwards for thirty years. Theories abound, but no one really knows why. To launch a discussion of the problem in the pages of The Public Historian, Cary Carson cautions against the pessimistic view that the past is simply passéé. Instead he offers a ““Plan B”” that takes account of the new way that learners today organize information to make history meaningful.

Rewritten or Reused? Originality, Intertextuality, and Reuse in the Writings of a Buddhist Visionary in Contemporary Tibet

2017 ◽  
Vol 33 (1-2) ◽  
pp. 203-231
Author(s):  
Antonio Terrone
Keyword(s):  
Public Domain ◽  
The Public ◽  
The Way

The study of Buddhist texts can inform us of the way scriptures were composed, as well as illuminate the reasons behind their production. This study examines the phenomenon of borrowing and reusing portions of texts without attributing them to their ‘legitimate authors’ within the Buddhist world of contemporary Tibet. It shows that not only is such a practice not at all infrequent and is often socially accepted, but that it is used in this case as a platform to advance specific claims and promote an explicit agenda. Therefore, rather than considering these as instances of plagiarism, this essay looks at the practice of copying and borrowing as an exercise in intertextuality, intended as the faithful retransmission of ancient truths, and as an indication of the public domain of texts in Tibet.

Use Cases and Applications of Blockchain Technology in IT Industry

2019 ◽  
Vol 7 (4) ◽  
pp. 716-720
Author(s):  
Deepak Kumar Verma ◽  
Varsha Katheria ◽  
Mazhar Khaliq
Keyword(s):  
Use Cases ◽  
It Industry ◽  
Blockchain Technology
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