scholarly journals Blockchain Technology: A Step Towards Sustainable Development

The goal of this research paper is to summarize the collected works on blockchain concepts, blockchain application area, blockchain problems, and draw appropriate conclusions. Since Blockchain is relatively an innovative technology, a representative sample of research is presented, spanning the last ten years, starting with the early work in this field. Different types of Blockchain use and other digital ledger techniques have been investigated, including their challenges, security and privacy issues. The key motivation of the review study is to detect the most favorable direction for future use of blockchain and research challenges in blockchain.

2021 ◽  
Vol 8 (2) ◽  
pp. 881-888 ◽  
Author(s):  
Bhabendu Kumar Mohanta ◽  
Debasish Jena ◽  
Somula Ramasubbareddy ◽  
Mahmoud Daneshmand ◽  
Amir H. Gandomi

Sensors ◽  
2018 ◽  
Vol 18 (9) ◽  
pp. 2784 ◽  
Author(s):  
Chao Qu ◽  
Ming Tao ◽  
Ruifen Yuan

With the fast development and expansion of the Internet of Things (IoT), billions of smart devices are being continuously connected, and smart homes, as a typical IoT application, are providing people with various convenient applications, but face security and privacy issues. The idea of Blockchain (BC) theory has brought about a potential solution to the IoT security problem. The emergence of blockchain technology has brought about a change of decentralized management, providing an effective solution for the protection of network security and privacy. On the other hand, the smart devices in IoT are always lightweight and have less energy and memory. This makes the application of blockchain difficult. Against this background, this paper proposes a blockchain model based on hypergraphs. The aims of this model are to reduce the storage consumption and to solve the additional security issues. In the model, we use the hyperedge as the organization of storage nodes and convert the entire networked data storage into part network storage. We discuss the design of the model and security strategy in detail, introducing some use cases in a smart home network and evaluating the storage performance of the model through simulation experiments and an evaluation of the network.


2021 ◽  
Vol 13 (16) ◽  
pp. 9008
Author(s):  
Yahia Baashar ◽  
Gamal Alkawsi ◽  
Ammar Ahmed Alkahtani ◽  
Wahidah Hashim ◽  
Rina Azlin Razali ◽  
...  

Energy management and exchange have increasingly shifted from concentrated to hierarchical modes. Numerous issues have arisen in the decentralized energy sector, including the storage of customer data and the need to ensure data integrity, fairness, and accountability in the transaction phase. The problem is that in the field of the innovative technology of blockchain and its applications, with the energy sector still in the developmental stages, there is still a need for more research to understand the full capacity of the technology in the field. The main aim of this work was to investigate the state of the current research of blockchain technologies as well as their application within the field of energy. This work also set out to identify certain research gaps and provide a set of recommendations for future directions. Among these research gaps is the application of blockchain in decentralized storage, the integration of blockchain with artificial intelligence, and security and privacy concerns, which have not received much attention despite their importance. An analysis of fifty-seven carefully reviewed studies revealed that the emerging blockchain which provides privacy-protection technologies in cryptography and other areas that can be integrated to address users’ privacy concerns is another aspect that needs further investigation. Grid operations, economies, and customers will all learn from blockchain technology as it provides disintermediation, confidentiality, and tamper-proof transfers. Moreover, it provides innovative ways for customers and small solar generators to participate more actively in the electricity sector and to benefit from their properties. Blockchains are a rapidly evolving field of research and growth. A study of this emerging technology is necessary to increase comprehension, to educate the body of expertise on blockchains, and to realize its potential. This study recommends that future work investigates the potential application of blockchain in the energy sector as well as the challenges that face its implementation from the perspective of policy makers. This future approach will enable researchers to direct their focus to the case studies approach, which will facilitate and ease the application of blockchain technology.


2018 ◽  
Vol 1 (2) ◽  
pp. 121-147 ◽  
Author(s):  
Archana Prashanth Joshi ◽  
◽  
Meng Han ◽  
Yan Wang

2022 ◽  
pp. 180-199
Author(s):  
Mangesh Manikrao Ghonge ◽  
N. Pradeep ◽  
Renjith V. Ravi ◽  
Ramchandra Mangrulkar

The development of blockchain technology relies on a variety of disciplines, including cryptography, mathematics, algorithms, and economic models. All cryptocurrency transactions are recorded on a digital and decentralized public ledger known as the blockchain. Customers may keep track of their crypto-transactions by looking at a chronological list rather than a centralized ledger. The blockchain's application potential is bright, and it has already produced results. In various fields, blockchain technology has been incorporated and deployed, from the earliest days of cryptocurrencies to the present day with new-age smart contracts. No comprehensive study on blockchain security and privacy has yet been done despite numerous studies in this area over the years. In this chapter, the authors talked about blockchain's security and privacy issues as well as the impact they've had on various trends and applications. This chapter covers both of these topics.


2018 ◽  
Vol 2018 ◽  
pp. 1-27 ◽  
Author(s):  
Emanuel Ferreira Jesus ◽  
Vanessa R. L. Chicarino ◽  
Célio V. N. de Albuquerque ◽  
Antônio A. de A. Rocha

The Internet of Things (IoT) is increasingly a reality today. Nevertheless, some key challenges still need to be given particular attention so that IoT solutions further support the growing demand for connected devices and the services offered. Due to the potential relevance and sensitivity of services, IoT solutions should address the security and privacy concerns surrounding these devices and the data they collect, generate, and process. Recently, the Blockchain technology has gained much attention in IoT solutions. Its primary usage scenarios are in the financial domain, where Blockchain creates a promising applications world and can be leveraged to solve security and privacy issues. However, this emerging technology has a great potential in the most diverse technological areas and can significantly help achieve the Internet of Things view in different aspects, increasing the capacity of decentralization, facilitating interactions, enabling new transaction models, and allowing autonomous coordination of the devices. The paper goal is to provide the concepts about the structure and operation of Blockchain and, mainly, analyze how the use of this technology can be used to provide security and privacy in IoT. Finally, we present the stalker, which is a selfish miner variant that has the objective of preventing a node to publish its blocks on the main chain.


Sensors ◽  
2019 ◽  
Vol 19 (22) ◽  
pp. 4862 ◽  
Author(s):  
Tejasvi Alladi ◽  
Vinay Chamola ◽  
Joel J. P. C. Rodrigues ◽  
Sergei A. Kozlov

With the integration of Wireless Sensor Networks and the Internet of Things, the smart grid is being projected as a solution for the challenges regarding electricity supply in the future. However, security and privacy issues in the consumption and trading of electricity data pose serious challenges in the adoption of the smart grid. To address these challenges, blockchain technology is being researched for applicability in the smart grid. In this paper, important application areas of blockchain in the smart grid are discussed. One use case of each area is discussed in detail, suggesting a suitable blockchain architecture, a sample block structure and the potential blockchain technicalities employed in it. The blockchain can be used for peer-to-peer energy trading, where a credit-based payment scheme can enhance the energy trading process. Efficient data aggregation schemes based on the blockchain technology can be used to overcome the challenges related to privacy and security in the grid. Energy distribution systems can also use blockchain to remotely control energy flow to a particular area by monitoring the usage statistics of that area. Further, blockchain-based frameworks can also help in the diagnosis and maintenance of smart grid equipment. We also discuss several commercial implementations of blockchain in the smart grid. Finally, various challenges to be addressed for integrating these two technologies are discussed.


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