Community Currencies as Crisis Response: Results From a Randomized Control Trial in Kenya

This paper presents the results of what may be the world’s first randomized control trial on community currencies, focusing on Grassroots Economics Community Inclusion Currency (CIC) model run on the xDAI blockchain. Beneficiaries in Nairobi, Kenya were sent the equivalent of $30 in cryptocurrency tokens, enabling a level of impact evaluation usually unfeasible for most cash and mobile-money based transfer programs. Results show that CIC transfers of $30 are associated with $93.51 increase in beneficiaries wallet balance, a $23.17 increase in monthly CIC income, a $16.30 increase in monthly CIC spending, a $6.31 increase in average trade size and a $28.43 increase in expenditure on food and water. However, the difference in treatment effects for males versus females suggests gender imbalances persist. This study serves as an important prototype for novel cash transfer models and presents some of the first quantitative evidence in the area of “crypto for good.”

Characterizing Wealth Inequality in Cryptocurrencies

Cryptocurrencies often tend to maintain a publically accessible ledger of all transactions. This open nature of the transactional ledger allows us to gain macroeconomic insight into the USD 1 Trillion crypto economy. In this paper, we explore the free market-based economy of eight major cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Dash, Litecoin, ZCash, Dogecoin, and Ethereum Classic. We specifically focus on the aspect of wealth distribution within these cryptocurrencies as understanding wealth concentration allows us to highlight potential information security implications associated with wealth concentration. We also draw a parallel between the crypto economies and real-world economies. To adequately address these two points, we devise a generic econometric analysis schema for cryptocurrencies. Through this schema, we report on two primary econometric measures: Gini value and Nakamoto Index which report on wealth inequality and 51% wealth concentration respectively. Our analysis reports that, despite the heavy emphasis on decentralization in cryptocurrencies, the wealth distribution remains in-line with the real-world economies, with the exception of Dash. We also report that 3 of the observed cryptocurrencies (Dogecoin, ZCash, and Ethereum Classic) violate the honest majority assumption with less than 100 participants controlling over 51% wealth in the ecosystem, potentially indicating a security threat. This suggests that the free-market fundamentalism doctrine may be inadequate in countering wealth inequality within a crypto-economic context: Algorithmically driven free-market implementation of these cryptocurrencies may eventually lead to wealth inequality similar to those observed in real-world economies.

Improving Halal Traceability Process in the Poultry Industry Utilizing Blockchain Technology: Use Case in Indonesia

Demand for Halal food has significantly increased with the growing Muslim population and society’s interest in sustainable food production. However, there has been an increase in concerns regarding the Halal food labeling transparency process, with misleading labels found across the world. Blockchain-based traceability systems are a potential solution for current limitations in monitoring the production process of food due to its inherent decentralization and immutable nature. The technology allows stakeholders, including consumers, to promote farm-to-fork transparency, where traceability is a core component. This paper will explore the blockchain-based traceability system use case implemented by the Indonesian poultry player PT Sreeya Sewu Indonesia Tbk. Utilizing a blockchain-based system as a foundation for traceability shows promising results: data throughout the process is recorded permanently and difficult to tamper. Although the system does not eliminate the possibility of incorrect information being recorded, the same immutability characteristics will keep the new knowledge of fraud permanent if found during the audit. This layer of accountability contributes to the transparency that benefits both the consumers and stakeholders of the value chain.

Digital Image Encryption Using Double Crossover Approach for SARS-CoV-2 Infected Lungs in a Blockchain Framework

As the (Covid-19) pandemic spreads, the creativity of the scientific community is thriving while trying to control the situation. They are trying to treat patients viably and work with the almost exhausted medical equipment and staff, while growing new, successful antibodies. Successful screening of SARS-CoV-2 empowers fast and proficient determination of COVID-19 and can relieve the weight on medical care frameworks. Numerous forecast models are being created to comprehend and prognosticate the spread of the pandemic and to stay away from the following wave. But in the coming time, we can be sure that the models would experience the ill effects of a few issues, security being one of them. All the models need to be built in such a way that the investigation task gets successfully conducted without compromising the privacy and security of the patients. To take care of this, we propose a blockchain framework for sharing patients’ personal data or medical reports. A blockchain will take care of the integrity part, but we still need to worry about confidentiality. Therefore, combining a genetic approach with a blockchain seemed like a good idea. A twofold hybrid methodology is proposed in this paper to tackle the issue of confidentiality. The outcomes displayed high entropy accomplishment for the utilized dataset. The sensitivity of the plaintext and ciphertext is also checked and compared with existing approaches which thus demonstrates the security of the proposed approach in the given setting.

Is it Possible to Verify if a Transaction is Spendable?

With the popularity of Bitcoin, there is a growing need to understand the functionality, security, and performance of various mechanisms that comprise it. In this paper, we analyze Bitcoin’s scripting language, Script, that is one of the main building blocks of Bitcoin transactions. We formally define the semantics of Script, and study the problem of determining whether a user-defined script is well-formed; that is, whether it can be unlocked, or whether it contains errors that would prevent this from happening.

Efficient Onboarding and Management of Members in Permissioned Blockchain Networks Utilizing TLS Certificates

Consortia blockchain networks face the issue of expanding their systems to new members. Onboarding processes are often cumbersome, as they require identifying the new participant, manually setting up rights, exchanging key material, and adding information about the new member to the consensus smart contract. Besides that, these processes are time-consuming and scale poorly. Identifying the members might be faulty as the pre-existing members might be deceived by malicious parties claiming to be someone else. This paper proposes a novel methodology to allow the onboarding of new parties without time-intensive off-chain processes. We establish identities of new consortia members by utilizing TLS certificates bound to publicly known domain names. With this identity scheme in place, the network operators can define rules such as only specific parties are allowed to join the network, e.g., only owners of *.edu domains. This methodology scales well, provides for extensive ruling and monitoring, and helps consortia blockchains to grow faster.

Asymmetric Confidentiality in Blockchain Embedded Smart Grids in Galois Field

Economic growth requires a sharp increase in the utilization of energy. Since the initial mechanical era, financial development has been driven by industrialization, transportation, and, most important of all, electrification, majorly achieved by petroleum product ignition. This way of development has had malicious and abusive aftershocks on the environment since the beginning. Smart grids are an idea to slightly diminish the burden on our Mother Nature, but this idea is getting tainted by the anticipation of ferocious technophiles who may try to get the grid down using quantum computers in the coming years. Thus, security becomes one of the major concerns for the smart grid. In this paper, we propose a quantum-resistant framework for associating smart grids and blockchain embedded with a permutation-substitution-based public-key cryptosystem in Galois Field to prevent unauthorized access and perform encryption of the private information of the user and consumption statistics. Permutation and substitution are performed to increase the diffusion and confusion of the data. Expenditures are quantified from the dissipation particulars, and the payment of electricity bill is performed using our blockchain wallet. The prediction model of consumption data is generated availing stochastic gradient descent. The performance analysis of the proposed cryptosystem is predicted after a simulation of the smart grid.

Organizational Building Blocks for Blockchain Governance: A Survey of 241 Blockchain White Papers

Governance for centralized organizational structures has long roots and well-developed frameworks, including for various specialty areas, such as IT or data governance. However, the introduction of blockchain technology as a supportive tool for implementing decentralized organizations requires a renewed focus for research in the area. The paper utilizes empirical data from blockchain ecosystems in the form of white papers (public communique of intention) to analyze their governance intentions. The empirical findings are based on a review of 241 blockchains and distributed ledger technology white papers, out of which 67 include explicit descriptions of how governance should be organized in the ecosystem. Our empirical research distinguishes between three categories of governance: objectives, mechanisms, and stakeholders. We further identify 28 features for these categories, which are described in an open encoding format. Hence, the paper contributes to the emerging blockchain research field, particularly to the decentralized aspects of blockchain governance research. This research also reveals that blockchain governance does not receive the attention it should as a large majority of ecosystems have not disclosed their governance intentions. The results can be utilized as a framework for future research. The results can also be helpful for industry when designing and developing governance systems.

Unfinished Paths—From Blockchain to Sustainability in Supply Chains

Blockchain technology has been promised as a solution to social and environmental issues in supply chains. The potential includes reduction of vulnerable party exploitation and avoiding environmentally harmful practices. Yet, it remains unclear how these potential improvements are created and whether blockchain can truly contribute. Therefore, this field study explores and identifies the mechanisms for blockchain technology to facilitate positive social and environmental impacts in supply chains. We applied an explorative qualitative research approach and interviewed blockchain technology implementers and practitioners that allowed a detailed analysis of this problem despite the scarcity of practice data. The results include the development of a middle-range theory that shows barriers and drivers of blockchain-based technologies in supply chains, introduces the concept of blockchain-enabled system, and outlines expected outcomes and impacts. We further identify four impact pathways that describe how blockchain-enabled system create positive impact: (voluntary) market mechanisms, plausibility checks, smart contracts and tokenisation, and peer-to-peer trust. The study contributes by providing insights into “how” blockchain-based technologies in supply chains can lead to social and environmental impacts. The study also furthers the discussion on blockchain technology’s role in supply chain implementation and addresses the yet unresolved problem of measuring the impact of such blockchain-enabled systems.

3 Stages of a Pan-African Identity Framework for Establishing Self-Sovereign Identity With Blockchain

The African continent (specifically its overwhelming in(animate) resources) is often referred to as the sleeping giant by magazines, blogs, research presentations and articles, and NGOs [such as World Bank]. Reasons for this moniker/title include the continent’s plentiful natural resources, its large and quickly growing young population, and the young population’s quick adoption and acclimatization to technology. Most countries on the continent are known as developing countries due to lack of access to safe drinking water, reliable electricity and roads, sanitation and hygiene, and a high number of people with tropical/infectious diseases. However, due to the usefulness of cellular phones and technology, several countries and companies within them have focused on cell phone proliferation (91% in Kenya). Smart phone usage allows Kenyans access to the world’s information and potentially endless innovation. Given that a large number of Kenyans with smartphones use social media, coupled with the advent of Europe’s GDPR (general data protection regulation), African identity and its associated data became an area of great interest. As the world is quickly progressing into a digital economy, a solution must be created that allows us to regain and control our identities, doing our best to ensure losing such is infinitely close to computationally and probabilistically impossible/improbable. Developing a blockchain-based identity backbone using biometrics and historical family information while allowing government-based identification documents is the best way forward. Three stages have been identified as necessities to accomplish the development of this system before opening it further beyond the pan-African worldwide community. The three stages are defined by systems that allow for biometric/demographic registration (stage 1), interoperability and security hardening (stage 2), and biometric modality data analysis/organization/association (stage 3).