scholarly journals Can Blockchain Technology Improve Accountability and Transparency of Cash Waqf in Indonesia?

2021 ◽  
Vol 3 (3) ◽  
pp. 158-166
Author(s):  
Diki Zulkarnaen ◽  
Murniati Mukhlisin ◽  
Sigid Eko Pramono
Keyword(s):  
Data Integration ◽  
Real Time ◽  
Financial Reporting ◽  
Thematic Analysis ◽  
Data Security ◽  
Financial Institution ◽  
Conventional System ◽  
Interview Technique ◽  
Blockchain Technology ◽  
Managerial System

One of the problems that occur in the development of cash waqf in Indonesia is the managerial system and financial reporting. Currently, the safety of waqf data is not guaranteed and is not integrated yet between Islamic Financial Institution – Cash Waqf Recipient/LKS-PWU (Lembaga Keuangan Syari’ah – Penerima Wakaf Uang), Nazir, and BWI (Badan Wakaf Indonesia). The blockchain system comes with changing a centralized approach to being decentralized. The use of the blockchain system in managing waqf funds can be a solution to the problem of waqf that occurs. Therefore, this study aims to examine the implementation of blockchain technology in increasing the accountability and transparency of cash waqf in Indonesia. This study adopts an interview technique with seven practitioners and academics in collecting data and using thematic analysis in the analysis. The research finds that the level of accountability in the waqf management by the LKS-PWU of the Islamic bank is quite acceptable, as evidenced by the fulfillment of five accountability indicators by the LKS-PWU. However, it must be improved in several aspects such as data security, data integration, and real-time reporting. Strategies for increasing accountability include the blockchain implementation in the waqf management both in collecting and distributing waqf by LKS-PWU. The opportunity to apply blockchain to waqf management is very potential because the blockchain system has several advantages such as speed, transparency, and a higher level of security than the conventional system.

توقعات المحاسبين العرب لانعكاسات تقنية البلوك تشين على التقارير المالية الفورية وجودة القرارات المالية

2021 ◽  
Vol 8 (1) ◽  
pp. 82-117
Keyword(s):  
Real Time ◽  
Financial Reporting ◽  
Arab World ◽  
Study Data ◽  
Years Of Experience ◽  
Accounting Information Systems ◽  
Financial Decisions ◽  
Blockchain Technology ◽  
Academic Qualification

ملخص: هدفت الدراسة للكشف عن تقديرات المحاسبين حول إمكانية الوصول للتقارير المالية الفورية وكذلك جودة القرارات المالية عند تطبيق تقنية البلوك تشين في نظم المعلومات المحاسبية، إضافة لقياس العلاقة بين فورية التقارير المالية وجودة القرارات المالية، ولتحقيق هذه الأهداف استخدمت الدراسة المنهج الوصفي التحليلي وكانت أداة الدراسة الرئيسية الاستبانة التي وزعت على عينة من المحاسبين العرب المنتسبين للجمعيات والنقابات المحاسبية في الوطن العربي. وتم استخدام الأساليب الإحصائية الملائمة لبيانات الدراسة ولاختبار فرضياتها. أظهرت النتائج أن تقديرات المحاسبين إيجابية بدرجة عالية تجاه فرصة الوصول للتقارير المالية الفورية عند تطبيق تقنية البلوك تشين وكذلك بينت النتائج وجود فروق ذات دلالة إحصائية في تقديرات المحاسبين للوصول للتقارير الفورية وفقاً لمتغيرات العمر وسنوات الخبرة، أيضاً أشارت النتائج إلى أن تقديرات المحاسبين لآثار تطبيق البلوك تشين إيجابية بدرجة عالية لتحسين جودة القرارات المالية مع وجود فروق إحصائية لتقديراتهم وفقاً لمتغيرات الجنس وسنوات الخبرة والمؤهل العلمي والمسمى الوظيفي، وأكدت النتائج وجود علاقة ارتباط طردية بين التقارير المالية الفورية وجودة القرارات المالية. الكلمات المفتاحية: التكنولوجيا المالية، التقارير المالية الفورية، القرارات المالية، سلاسل الكتل، بلوك تشين. Abstract The study aimed to reveal accountants’ estimates about access to real time financial reporting as well as improving the financial decision system when using blockchain technology in accounting information systems, in addition to measuring the relationship between the real time reporting and the quality of financial decisions. The main study tool was the questionnaire that distributed a sample of Arab accountants affiliated with accounting associations and unions in the Arab world. Appropriate statistical methods used for the study data and for testing hypotheses. The results showed that accountants’ estimates are highly positive towards the opportunity to access real time reporting in case applying blockchain technology, as well as the researcher found that there are statistically significant differences to access real time financial reporting according to age and years of experience variables. The results also indicated that accountants’ estimates of the effects of blockchain implementation are positive in terms of improving the quality of financial decisions, with statistical differences in their estimates according to the variables of gender, years of experience, academic qualification and job title. The results confirmed a positive correlation between real time financial reporting and quality of financial decisions. Keywords: Fintech, Real Time Reporting, Blockchain, Financial Decisions, Financial Statements

Towards guaranteed data-integrity: A method of preventing Questionable Research Practices

2018 ◽  
Author(s):  
Dick Bierman ◽  
Jacob Jolij
Keyword(s):  
Real Time ◽  
Open Data ◽  
Data Integrity ◽  
Drop Out ◽  
Research Practices ◽  
Major Aspect ◽  
Questionable Research Practices ◽  
Blockchain Technology ◽  
Integrity System ◽  
Secure Server

We have tested the feasibility of a method to prevent the occurrence of so-called Questionable Research Practices (QRP). A part from embedded pre-registration the major aspect of the system is real-time uploading of data on a secure server. We outline the method, discuss the drop-out treatment and compare it to the Born-open data method, and report on our preliminary experiences. We also discuss the extension of the data-integrity system from secure server to use of blockchain technology.

scholarly journals Data integration by two-sensors in a LEAP-based Virtual Glove for human-system interaction

2021 ◽  
Author(s):  
Giuseppe Placidi ◽  
Danilo Avola ◽  
Luigi Cinque ◽  
Matteo Polsinelli ◽  
Eleni Theodoridou ◽  
...  
Keyword(s):  
Data Integration ◽  
Real Time ◽  
Vision System ◽  
Hand Tracking ◽  
Selection Strategy ◽  
Motion Sensors ◽  
Leap Motion ◽  
Time Data ◽  
Lower Velocity ◽  
Human System

AbstractVirtual Glove (VG) is a low-cost computer vision system that utilizes two orthogonal LEAP motion sensors to provide detailed 4D hand tracking in real–time. VG can find many applications in the field of human-system interaction, such as remote control of machines or tele-rehabilitation. An innovative and efficient data-integration strategy, based on the velocity calculation, for selecting data from one of the LEAPs at each time, is proposed for VG. The position of each joint of the hand model, when obscured to a LEAP, is guessed and tends to flicker. Since VG uses two LEAP sensors, two spatial representations are available each moment for each joint: the method consists of the selection of the one with the lower velocity at each time instant. Choosing the smoother trajectory leads to VG stabilization and precision optimization, reduces occlusions (parts of the hand or handling objects obscuring other hand parts) and/or, when both sensors are seeing the same joint, reduces the number of outliers produced by hardware instabilities. The strategy is experimentally evaluated, in terms of reduction of outliers with respect to a previously used data selection strategy on VG, and results are reported and discussed. In the future, an objective test set has to be imagined, designed, and realized, also with the help of an external precise positioning equipment, to allow also quantitative and objective evaluation of the gain in precision and, maybe, of the intrinsic limitations of the proposed strategy. Moreover, advanced Artificial Intelligence-based (AI-based) real-time data integration strategies, specific for VG, will be designed and tested on the resulting dataset.

scholarly journals Diagnostic data integration using deep neural networks for real-time plasma analysis

2021 ◽  
pp. 1-1
Author(s):  
A. Rigoni Garola ◽  
R. Cavazzana ◽  
M. Gobbin ◽  
R.S. Delogu ◽  
G. Manduchi ◽  
...  
Keyword(s):  
Neural Networks ◽  
Data Integration ◽  
Real Time ◽  
Deep Neural Networks ◽  
Plasma Analysis ◽  
Diagnostic Data

scholarly journals BLOCKCHAIN TECHNOLOGY AS AN ANTI-CORRUPTION MANAGEMENT TOOL

2021 ◽  
Vol 7 (167) ◽  
pp. 46-50
Author(s):  
S. Burlutska ◽  
O. Chabanenko
Keyword(s):  
Real Time ◽  
Effective Means ◽  
Management Tool ◽  
Human Society ◽  
Private Institutions ◽  
Identity Verification ◽  
Transaction Data ◽  
Blockchain Technology ◽  
The World ◽  
Money Transfers

The world has not yet come up with a single recipe for fighting corruption. But thanks to constant progress, anti-corruption strategies are replenished with effective innovation mechanisms. The global experience of using blockchain opens up new prospects for eliminating corruption in the world. Blockchain is an opportunity not only to modernize outdated functional systems, but also to apply new, more effective means of combating corruption and cybercrime. One of the main advantages of the blockchain is that all network participants have a register of transaction data. Therefore, if someone decides to hide, delete or change their recalculations in the accounting book, then copies of these transactions still remain in tens of thousands of other users and the system immediately accesses them. Therefore, a few minutes will be enough to solve the issues of detecting a crime. Today, it is worth highlighting 3 types of widespread use of blockchain technology in the fight against corruption: identity verification, asset registration and tracking of monetary transactions. For example, you can check the purpose of money transfers in real time, see salary payments, and compare prices among suppliers. Like any type of crime, corruption in human society cannot be completely excluded. However, decentralized platforms functioning on blockchain technology, already today, firstly, can directly bring together the customer and the executor, and secondly, all the conditions agreed upon by the participants can then be easily verified (thus, it will be impossible to imperceptibly inflate the price when using blockchain). Blockchain technology is in demand because it creates an unprecedented degree of trust in information in relationships between individuals and public organizations, or between the state, people and private institutions.

scholarly journals Secure Optical Encryption Technique for Real Time Security Related Applications - A Review

2021 ◽  
Vol 12 (2) ◽  
pp. 1989-1994
Author(s):  
Anusree. L, Et. al.
Keyword(s):  
Real Time ◽  
Data Security ◽  
Digital System ◽  
Optical Correlation ◽  
Optical Encryption ◽  
Primary Signal ◽  
Sparsity Constraint

Recent development in the digital system shows that data security is most important and that optical encryption can be used not only to keep signals confidential but also to authenticate information. By integrating sparsity constraint with optical encryption, the reconstructed decoder image is not always visually recognizable, but can be authenticated using optical correlation means methods. Traditional optical encryption methods can add an extra layer of security to this design as it authenticates without leaking primary signal information. This paper discusses advances in optical authentication and includes theoretical principles and implementation examples to demonstrate the workings of typical authentication systems. Benchmarking and upcoming possibilities are discussed and it is hoped that this review work useful in advancing the field of optical safety.

scholarly journals Digital Transformation, AI Applications and IoTs in Blockchain Managing Commerce Secrets: And Cybersecurity Risk Solutions in the Era of Industry 4.0 and Further

Webology ◽  
2021 ◽  
Vol 18 (Special Issue 04) ◽  
pp. 453-465
Author(s):  
Nguyen Dinh Trung ◽  
Dinh Tran Ngoc Huy ◽  
Le Thi Thanh Huong ◽  
Ta Van Thanh ◽  
Nguyen Thi Phuong Thanh ◽  
...  
Keyword(s):  
Artificial Intelligence ◽  
Internet Of Things ◽  
Data Security ◽  
Industry 4.0 ◽  
Swot Analysis ◽  
Digital Transformation ◽  
High Data ◽  
Blockchain Technology ◽  
Inductive Methods ◽  
As Relationship

Once again in this study, we emphasizes strongly on applications of mathematical solutions for industrial uses. By using qualitative analysis, synthesis and inductive methods, together with statistic data, our paper target is to analyze aspects of SWOT analysis on blockchain technology and its opportunities for various industries and sectors in emerging markets such as Vietnam. This is based on the original foundation theory indicating that blockchain tech functioned as a mathematical solutions that can be applied for solving commerce secrets, with high data security and can be used for intellectual property. Among our research results is findings on the connection between IoTs - Internet of Things and blockchain tech, as well as relationship between AI - Artificial intelligence and blockchain tech. Last but not least authors propose cybersecurity risk solutions and there are policies implications attached.

scholarly journals Local Government Financial Institution and FinTech

2019 ◽  
pp. 557-566
Author(s):  
Witold Srokosz
Keyword(s):  
Local Government ◽  
Business Model ◽  
Financial Institutions ◽  
Financial Institution ◽  
Model Based ◽  
Blockchain Technology ◽  
The Creation ◽  
Legal Barriers

The article compares the characteristics of local government financial institutions and FinTechs in order to make an attempt to answer the question whether a local government financial institution may constitute a FinTech. The study analyses a particular case of using the business model based on blockchain technology for a local government financial institution, as well as discusses the possibility to base the functioning of such institution on the DAO concept. The article is summarised with the outline of the analyses of legal barriers concerning the creation and functioning of local government financial institutions as FinTechs.

Blockchain technology development and implementation for global logistics operations: a reference model perspective

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rukshanda Kamran ◽  
Nasreen Khan ◽  
Balan Sundarakani
Keyword(s):  
Supply Chain ◽  
Real Time ◽  
Reference Model ◽  
Process Efficiency ◽  
Future Research ◽  
Logistics Industry ◽  
Content Type ◽  
Traceability System ◽  
Blockchain Technology ◽  
Global Logistics

Purpose Blockchain technology offers a lot of potential benefits in supply chain management. However, there is a need of a reference model which addresses the gaps in existing frameworks. This paper aims to propose a blockchain technology-based reference model which can be applied to global logistics operations. Design/methodology/approach The researchers have integrated the fit-for-purpose theoretical framework and prototyping methodology to design the reference model, a blockchain-based logistics, tracking and traceability system (BLTTS). The researchers demonstrated the application of the reference model through a health-care supply chain case study. The proposed BLTTS can be implemented across global logistics operations for business performance improvement. Findings The research provides a framework and recommendations for global companies to consider when adopting the blockchain technology for implementation. The researchers found that the Ethereum blockchain technology improves security of the data shared within the block through the secure hashing algorithm 1. The hash algorithm ensures anonymity of the involved parties. The model integrates blockchain with supply chain thus creating transparent process, efficiency and real-time communication. Research limitations/implications The reference model will offer a better solution to global logistics operations challenges. It provides recommendations to key stakeholders involved in logistics operations segment of the logistics industry while adopting blockchain technology. Apart from the methodological limitation of the study, the system compatibility and the layer configuration aspects might be posing potential challenges while upscaling the implementation. Originality/value The proposed reference model overcomes the drawbacks of existing models as it integrates Ethereum technology. In addition, the researchers have applied the model to demonstrate its functioning in real-time environment, which could guide for future research.

Big Data Management in the Context of Real-Time Data Warehousing

2013 ◽  
pp. 150-176
Author(s):  
M. Asif Naeem ◽  
Gillian Dobbie ◽  
Gerald Weber
Keyword(s):  
Big Data ◽  
Data Integration ◽  
Real Time ◽  
Real Life ◽  
Skewed Distribution ◽  
Stream Data ◽  
Time Data ◽  
Master Data ◽  
Real Time Data ◽  
Resource Aware

In order to make timely and effective decisions, businesses need the latest information from big data warehouse repositories. To keep these repositories up to date, real-time data integration is required. An important phase in real-time data integration is data transformation where a stream of updates, which is huge in volume and infinite, is joined with large disk-based master data. Stream processing is an important concept in Big Data, since large volumes of data are often best processed immediately. A well-known algorithm called Mesh Join (MESHJOIN) was proposed to process stream data with disk-based master data, which uses limited memory. MESHJOIN is a candidate for a resource-aware system setup. The problem that the authors consider in this chapter is that MESHJOIN is not very selective. In particular, the performance of the algorithm is always inversely proportional to the size of the master data table. As a consequence, the resource consumption is in some scenarios suboptimal. They present an algorithm called Cache Join (CACHEJOIN), which performs asymptotically at least as well as MESHJOIN but performs better in realistic scenarios, particularly if parts of the master data are used with different frequencies. In order to quantify the performance differences, the authors compare both algorithms with a synthetic dataset of a known skewed distribution as well as TPC-H and real-life datasets.

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