BLOCKCHAIN AS A SOCIAL REVOLUTION: FOCUSING ON THE THREATS

2020 ◽  
pp. 227-230
Author(s):  
Alexander Shevchenko

The paper discusses the benefits and threats provided by the blockchain technology and focuses on those which are the flipside of its advantages. Potential threats related to creating and using digital identity, control over personal information and erosion of responsibility justify the claim that we are dealing not just with a technological but a social revolution impacting key social relationships.

Author(s):  
Joseph Kwame Adjei

Monetization of personal identity information has become a major component of modern business models, contributing to dramatic innovations in the collection, aggregation, and use of personal information. This phenomenon is commonplace given that parties to business transactions and social interactions usually rely on the issue of claims and disclosure of unique attributes and credentials for proof and verification of identity. However, the heightened societal information privacy concerns and the diminishing level of trust between transacting parties make such attempts to monetize personal information a very risky endeavor. This chapter examines the major technological and regulatory imperatives in the monetization of personal identity information. The resulting monetization model provides an important source of reference for effective monetization of personal information.


Author(s):  
Joseph Kwame Adjei

Monetization of personal identity information has become a major component of modern business models, contributing to dramatic innovations in the collection, aggregation, and use of personal information. This phenomenon is commonplace given that parties to business transactions and social interactions usually rely on the issue of claims and disclosure of unique attributes and credentials for proof and verification of identity. However, the heightened societal information privacy concerns and the diminishing level of trust between transacting parties make such attempts to monetize personal information a very risky endeavor. This chapter examines the major technological and regulatory imperatives in the monetization of personal identity information. The resulting monetization model provides an important source of reference for effective monetization of personal information.


Author(s):  
S R Mani Sekhar ◽  
Siddesh G M ◽  
Swapnil Kalra ◽  
Shaswat Anand

Blockchain technology is an emerging and rapidly growing technology in the current world scenario. It is a collection of records connected through cryptography. They play a vital role in smart contracts. Smart contracts are present in blockchains which are self-controlled and trustable. It can be integrated across various domains like healthcare, finance, self-sovereign identity, governance, logistics management and home care, etc. The purpose of this article is to analyze the various use cases of smart contracts in different domains and come up with a model which may be used in the future. Subsequently, a detailed description of a smart contract and blockchain is provided. Next, different case-studies related to five different domains is discussed with the help of use case diagrams. Finally, a solution for natural disaster management has been proposed by integrating smart contract, digital identity, policies and blockchain technologies, which can be used effectively for providing relief to victims during times of natural disaster.


2020 ◽  
Author(s):  
Sheikh Mohammad Idrees ◽  
Mariusz Nowostawski ◽  
Roshan Jameel

UNSTRUCTURED The COVID-19 pandemic has caused substantial global disturbance by affecting more than 42 million people (as of the end of October 2020). Since there is no medication or vaccine available, the only way to combat it is to minimize transmission. Digital contact tracing is an effective technique that can be utilized for this purpose, as it eliminates the manual contact tracing process and could help in identifying and isolating affected people. However, users are reluctant to share their location and contact details due to concerns related to the privacy and security of their personal information, which affects its implementation and extensive adoption. Blockchain technology has been applied in various domains and has been proven to be an effective approach for handling data transactions securely, which makes it an ideal choice for digital contact tracing apps. The properties of blockchain such as time stamping and immutability of data may facilitate the retrieval of accurate information on the trail of the virus in a transparent manner, while data encryption assures the integrity of the information being provided. Furthermore, the anonymity of the user’s identity alleviates some of the risks related to privacy and confidentiality concerns. In this paper, we provide readers with a detailed discussion on the digital contact tracing mechanism and outline the apps developed so far to combat the COVID-19 pandemic. Moreover, we present the possible risks, issues, and challenges associated with the available contact tracing apps and analyze how the adoption of a blockchain-based decentralized network for handling the app could provide users with privacy-preserving contact tracing without compromising performance and efficiency.


2021 ◽  
Author(s):  
Daniel Peralta-Velecela ◽  
Maria Caridad Caceres-Salamea ◽  
Villie Morocho

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