Research of Current Situation and Risk of Bitcoin

2014 ◽  
Vol 989-994 ◽  
pp. 5066-5069
Author(s):  
Yi Qing Lu
Keyword(s):  
National Policy ◽  
Current Situation ◽  
Third Party ◽  
Electronic Money ◽  
Virtual Currency ◽  
Trusted Third Party ◽  
Digital Currency ◽  
Policy Risk

Bitcoin is a pure electronic money based on cryptographic proof instead of trust. The principle of Bitcoin can allow any two willing parties to transact directly with each other without the need for a trusted third party. Bitcoin can represent a totally new anarchy virtual currency and an innovation of digital currency. But its development also needs to face to the security of national policy risk, technology risk and trading risks.

Bitcoins within Georgia’s Money Laundering Scheme

2017 ◽  
Vol 9 (1) ◽  
pp. 9
Author(s):  
Aleksandre Mikeladze
Keyword(s):  
Central Bank ◽  
Money Laundering ◽  
Global Economy ◽  
Developed Countries ◽  
Current Situation ◽  
Innovative Technology ◽  
Electronic Money ◽  
Virtual Currency ◽  
The World ◽  
Bank System

Bitcoins’ technology brings a new level of innovation to business and communication across the world. However, the advantages of a virtual currency payment system face the threat from criminal activities occurring over a pseudonymous network where there is virtually no current regulation to cover illegal transactions. The current situation in Georgia is as follows: the second Bitcoin’s processing datacenter has opened in Georgia. While the virtual money is new even in developed countries, more unusual it is for Georgia, where local economists are more skeptical toward cryptocurrency. Therefore, they believe that electronic money is not controlled by any central bank that gives a lot of opportunities for illegal transactions. According to the Georgian experts, bitcoin is a very risky currency that can be used for money laundering, as it is completely uncontrolled. However, the Georgian central bank system claims that bitcoins are not dangerous, and the lack of awareness gives rise to talk about money laundering. The biggest challenge seems to be regulation of Bitcoin without hindering the potential for growth. While there is usually certainly a chance that Bitcoin could fail or be pushed out of existence by a more innovative technology, policymakers must be careful not to hinder a technology that could change the way global economy functions.

scholarly journals The Challenge of Cryptocurrency in the Era of the Digital Revolution: A Review of Systematic Literature

2020 ◽  
Vol 2 (2) ◽  
pp. 153-159
Author(s):  
Izwan Amsyar ◽  
Ethan Christopher ◽  
Arusyi Dithi ◽  
Amar Najiv Khan ◽  
Sabda Maulana
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Third Party ◽  
Virtual Currency ◽  
Digital Revolution ◽  
Human Needs ◽  
Advantages And Disadvantages ◽  
Digital Currency ◽  
Blockchain Technology ◽  
Physical Form

Money is clearly a primary need of every human being that cannot be avoided, human needs can be realized by using money. Seeing from the lack of systematic literature review papers discussing cryptocurrency, this is a challenge as well as the main purpose of this paper. Along with the development of modernization and globalization which has now entered the industrial era 4.0 revolution there is a blockchain based technology, Cryptocurrency. Cryptocurrency is one of the developments of the blockchain that is often used as a decentralized digital currency. The word Cryptocurrency means a virtual currency that has no physical form, and Cryptocurrency also means that the transaction currency cannot be seen and is safe. This digital currency has many types such as Bitcoin, Ethereum, Litecoin, Monero, and many other types. Although it has no physical form, this currency functions the same as conventional currencies in general and has an exchange rate. Exchange rates on Cryptocurrency fluctuate which means unexpected, this is often exploited by traders. Cryptocurrency transactions in the form of forwarding from one individual to another individual online, therefore they deal directly without a third party. Every technology has advantages and disadvantages aside from efficiency and convenience, Cryptocurrency has the disadvantage of not having the authority responsible for dealing with all problems that occur in all transactions, and money laundering crimes also often occur, this is a challenge for how to utilize Cryptocurrency and blockchain technology in the current era of globalization. 

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.

Enhancing Privacy in PUF-Cash through Multiple Trusted Third Parties and Reinforcement Learning

2022 ◽  
Vol 18 (1) ◽  
pp. 1-26
Author(s):  
Georgios Fragkos ◽  
Cyrus Minwalla ◽  
Eirini Eleni Tsiropoulou ◽  
Jim Plusquellic
Keyword(s):  
User Anonymity ◽  
Third Party ◽  
Security And Privacy ◽  
Machine Learning Techniques ◽  
User Privacy ◽  
Trusted Third Party ◽  
Physical Unclonable Functions ◽  
Learning Techniques ◽  
Direct Contrast ◽  
Debit Cards

Electronic cash ( e-Cash ) is a digital alternative to physical currency such as coins and bank notes. Suitably constructed, e-Cash has the ability to offer an anonymous offline experience much akin to cash, and in direct contrast to traditional forms of payment such as credit and debit cards. Implementing security and privacy within e-Cash, i.e., preserving user anonymity while preventing counterfeiting, fraud, and double spending, is a non-trivial challenge. In this article, we propose major improvements to an e-Cash protocol, termed PUF-Cash, based on physical unclonable functions ( PUFs ). PUF-Cash was created as an offline-first, secure e-Cash scheme that preserved user anonymity in payments. In addition, PUF-Cash supports remote payments; an improvement over traditional currency. In this work, a novel multi-trusted-third-party exchange scheme is introduced, which is responsible for “blinding” Alice’s e-Cash tokens; a feature at the heart of preserving her anonymity. The exchange operations are governed by machine learning techniques which are uniquely applied to optimize user privacy, while remaining resistant to identity-revealing attacks by adversaries and trusted authorities. Federation of the single trusted third party into multiple entities distributes the workload, thereby improving performance and resiliency within the e-Cash system architecture. Experimental results indicate that improvements to PUF-Cash enhance user privacy and scalability.

scholarly journals Decentralized collaborative TTP free approach for privacy preservation in location based services

2019 ◽  
Vol 9 (6) ◽  
pp. 5376
Author(s):  
Ajaysinh Devendrasinh Rathod ◽  
Saurabh Shah ◽  
Vivaksha J. Jariwala
Keyword(s):  
Privacy Preservation ◽  
Location Privacy ◽  
Emergency Services ◽  
Personal Information ◽  
Personal Digital Assistant ◽  
Minimum Cost ◽  
Location Based Services ◽  
Third Party ◽  
Trusted Third Party ◽  
Recent Trends

In recent trends, growth of location based services have been increased due to the large usage of cell phones, personal digital assistant and other devices like location based navigation, emergency services, location based social networking, location based advertisement, etc. Users are provided with important information based on location to the service provider that results the compromise with their personal information like user’s identity, location privacy etc. To achieve location privacy of the user, cryptographic technique is one of the best technique which gives assurance. Location based services are classified as Trusted Third Party (TTP) & without Trusted Third Party that uses cryptographic approaches. TTP free is one of the prominent approach in which it uses peer-to-peer model. In this approach, important users mutually connect with each other to form a network to work without the use of any person/server. There are many existing approaches in literature for privacy preserving location based services, but their solutions are at high cost or not supporting scalability.  In this paper, our aim is to propose an approach along with algorithms that will help the location based services (LBS) users to provide location privacy with minimum cost and improve scalability.

scholarly journals A Quantum Dual-Signature Protocol Based on SNOP States without Trusted Participant

Entropy ◽  
2021 ◽  
Vol 23 (10) ◽  
pp. 1294
Author(s):  
Kejia Zhang ◽  
Xu Zhao ◽  
Long Zhang ◽  
Guojing Tian ◽  
Tingting Song
Keyword(s):  
Quantum Signature ◽  
Third Party ◽  
Trusted Third Party ◽  
Protocol Security ◽  
Verification Process ◽  
Orthogonal Product ◽  
First Time

Quantum dual-signature means that two signed quantum messages are combined and expected to be sent to two different recipients. A quantum signature requires the cooperation of two verifiers to complete the whole verification process. As an important quantum signature aspect, the trusted third party is introduced to the current protocols, which affects the practicability of the quantum signature protocols. In this paper, we propose a quantum dual-signature protocol without arbitrator and entanglement for the first time. In the proposed protocol, two independent verifiers are introduced, here they may be dishonest but not collaborate. Furthermore, strongly nonlocal orthogonal product states are used to preserve the protocol security, i.e., no one can deny or forge a valid signature, even though some of them conspired. Compared with existing quantum signature protocols, this protocol does not require a trusted third party and entanglement resources.

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