• Title/Summary/Keyword: Blockchain Technology

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The Impact of Blockchain Technology on Banks' Conventional Trade Settlements (블록체인기술이 무역결제방식에 미치는 영향에 관한 연구)

  • Zhao, Xiao;Hwang, Ki-Sik
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.25 no.3
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    • pp.346-354
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    • 2021
  • Since 2015, Blockchain has experienced rapid development throughout the world, institutions including Central Banks, Government Departments, Commercial Banks, IT Giants are all accelerating their exploration on Blockchain, and investment on Blockchain related R&D departments and start-up companies also shows explosive growth. This paper studies the impact of blockchain technology on banks' conventional trade settlement methods and describes blockchain technology in term of its concepts, advantages, and disadvantages. It also studies the application processes of blockchain technology combined with conventional trade settlement methods (remittance, collection, and L/C), and analyzes the positive and negative impacts of blockchain technology on the conventional trade settlement methods. In addition, this paper lists the blockchain application cases, analyzes the technology development status and existing problems, and puts forward suggestions and measures for the development of blockchain finance in China based on the case analysis and impact research.

Applicability of Blockchain based Bill of Lading under the Rotterdam Rules and UNCITRAL Model Law on Electronic Transferable Records

  • Yang, Jung-Ho
    • Journal of Korea Trade
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    • v.23 no.6
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    • pp.113-130
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    • 2019
  • Purpose - This paper investigates applicability of blockchain based bill of lading under the current legal environment. Legal requirements of electronic bill of lading will be analyzed based on the Rotterdam Rules and recently enacted UNCITRAL Model Law on Electronic Transferable Records. Using comparative analysis with the previous registry model for electronic bill of lading, this paper examines the advantages of blockchain based bill of lading. Design/methodology - This research reviewed previous efforts for dematerializing bill of lading with its limitation. Main features of blockchain technology which can make up for deficiencies of registry model also be investigated to analyze whether these features can satisfy the requirements for the legal validity of the negotiable electronic transport record or electronic transferable records under the Rotterdam Rules and the MLETR. Findings - Main findings of this research can be summarized as follows: Blockchain system operated in an open platform can improve transparency and scalability in transfer of electronic bill of lading by assuring easy access for transaction. Distributed ledger technology of blockchain makes it more difficult to forge or tamper with transactions because all participants equally shares identical transaction records. Consensus mechanism and timestamp in a blockchain transaction guarantee the integrity and uniqueness of a transaction. These features are enough to satisfy the requirements of electronic transferable records under the Rotterdam Rules and MLTER. Originality/value - This study has significance in that it provided implications for the introduction of electronic bill of lading by analyzing whether the blockchain based electronic bill of lading model meets the legal requirements under the current legal system prepared prior to the introduction of blockchain technology, and by presenting the advantages of the blockchain based bill of lading model through comparative analysis with the existing registry model.

Secured Different Disciplinaries in Electronic Medical Record based on Watermarking and Consortium Blockchain Technology

  • Mohananthini, N.;Ananth, C.;Parvees, M.Y. Mohamed
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.16 no.3
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    • pp.947-971
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    • 2022
  • The Electronic Medical Record (EMR) is a valuable source of medical data intelligence in e-health systems. The watermarking techniques have been used to authenticate the owner and protect the EMR from illegal copying. The existing distributive strategies, successfully operated to secure the EMR, are found to be inadequate. Blockchain technology, mainly, is employed by a sharing database that allows the digital crypto-currency. It rapidly leads to the magnified expectations acme. In this excitement, the use of consortium adopting the technology based on Blockchain, in the EMR structure, is found improving. This type of consortium adds an immutable share with a translucent record of the entire business and it is accomplished with responsibility, along with faith and transparency. The combination of watermarking and Blockchain technology provides a singular chance to promote a secured, trustworthy electronic documents administration to share with the e-records system. The authors, in this article, present their views on consortium Blockchain technology which is incorporated in the EMR system. The ledger, used for the distribution of the block structure, has team healthcare models based on dissimilar multiple image watermarking techniques.

A Blockchain Application for Personal health information: Focusing on Private Block Scheme (개인 의료정보 보호를 위한 블록체인 적용 방안: 프라이빗 블록 스킴을 중심으로)

  • Kwon, HyukJun;Kim, Hyeob;Choi, Jaewon
    • Knowledge Management Research
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    • v.19 no.4
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    • pp.119-131
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    • 2018
  • In this paper, I research the issue of information security for medical information system of each parties. The outflow of the Personal medical information can lead to problems of medical systems and disadvantage to an individual. In this paper, we research the information security based on a blockchain. In addition, I have analyzed blockchain. I suggest a medical information system framework that can help to keep the privacy of patients by using a blockchain network. Also, In this paper try to explain using private blockchain for medical system. Blockchain can keep the integrity and transparency of the medical records. This research, shows how can build the private blockchain for medical records and how to get the integrity of Data from Private Blockchain and Distuributed Ledger Technology.

A Novel Multi-link Integrated Factor Algorithm Considering Node Trust Degree for Blockchain-based Communication

  • Li, Jiao;Liang, Gongqian;Liu, Tianshi
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.11 no.8
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    • pp.3766-3788
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    • 2017
  • A blockchain is an underlying technology and basic infrastructure of the Bitcoin system. At present, blockchains and their applications are developing rapidly. However, the basic research of blockchain technology is still in the early stages. The efficiency and reliability of blockchain communication is one of the research problems that urgently need to be studied and addressed. Existing algorithms may be less feasible for blockchain-based communication because they only consider a single communication factor (node communication capability or node trust degree) and only focus on a single communication performance parameter(communication time or communication reliability). In this paper, to shorten the validation time of blockchain transactions and improve the reliability of blockchain-based communication, we first establish a multi-link concurrent communication model based on trust degree, and then we propose a novel integrated factor communication tree algorithm (IFT). This algorithm comprehensively considers the node communication link number and the node trust degree and selects several nodes with powerful communication capacity and high trust as the communication sources to improve the concurrency and communication efficiency. Simulation results indicate that the IFT algorithm outperforms existing algorithms. A blockchain communication routing scheme based on the IFT algorithm can increase communication efficiency by ensuring communication reliability.

Recoverable Private Key Scheme for Consortium Blockchain Based on Verifiable Secret Sharing

  • Li, Guojia;You, Lin;Hu, Gengran;Hu, Liqin
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.15 no.8
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    • pp.2865-2878
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    • 2021
  • As a current popular technology, the blockchain has a serious issue: the private key cannot be retrieved due to force majeure. Since the outcome of the blockchain-based Bitcoin, there have been many occurrences of the users who lost or forgot their private keys and could not retrieve their token wallets, and it may cause the permanent loss of their corresponding blockchain accounts, resulting in irreparable losses for the users. We propose a recoverable private key scheme for consortium blockchain based on the verifiable secret sharing which can enable the user's private key in the consortium blockchain to be securely recovered through a verifiable secret sharing method. In our secret sharing scheme, users use the biometric keys to encrypt shares, and the preset committer peers in the consortium blockchain act as the participants to store the users' private key shares. Due to the particularity of the biometric key, only the user can complete the correct secret recovery. Our comparisons with the existing mnemonic systems or the multi-signature schemes have shown that our scheme can allow users to recover their private keys without storing the passwords accurately. Hence, our scheme can improve the account security and recoverability of the data-sharing systems across physical and virtual platforms that use blockchain technology.

Apply Blockchain to Overcome Wi-Fi Vulnerabilities

  • Kim, Seong-Kyu (Steve)
    • Journal of Multimedia Information System
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    • v.6 no.3
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    • pp.139-146
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    • 2019
  • This paper, wireless internet such as Wi-Fi has a vulnerability to security. Blockchain also means a 'Ledger' in which transaction information that occurs on a public or private network is encrypted and shared among the network participants. Blockchain maintains information integrity by making it impossible for a particular node to tamper with information arbitrarily, a feature that would result in changes in the overall blockchain hash value if any one transaction information that constitutes a block was changed. The complete sharing of information through a peer-to-peer network will also cripple hacking attempts from outside, targeting specialized nodes, and prepare for the "single point of failure" risk of the entire system being shut down. Due to the value of these Blockchain, various types of Blockchain are emerging, and related technology development efforts are also actively underway. Various business models such as public block chains such as Bitcoin, as well as private block chains that allow only certain authorized nodes to participate, or consortium block chains operated by a select few licensed groups, are being utilized. In terms of technological evolution, Blockchain also shows the potential to grow beyond cryptocurrency into an online platform that allows all kinds of transactions with the advent of 'Smart Contract'. By using Blockchain technology, the company makes suggestions to overcome the vulnerability of wireless Internet.

A Study on Application of Record Management System Block Chain Technology (기록관리시스템 블록체인 기술 적용 방안 연구)

  • Lee, Gi-yeong;Kim, Ik-han
    • The Korean Journal of Archival Studies
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    • no.60
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    • pp.317-358
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    • 2019
  • Blockchain technology has emerged as one of the key technologies of the fourth industrial revolution. Blockchain technology is characterized by being able to verify the authenticity of stored information in a block and whether it is false or falsified, cannot arbitrarily manipulate or delete a particular record, and is capable of transparent audit trail. This study is designed to explore how to apply blockchain technology to record management. For this purpose, we want to approach the code area, the physical area of the blockchain technology, to explore some of the key physical structures, and to derive the applicability of the blockchain technology. By implementing the part of 'Cloud-Record Management System', future record management system model and currently in the process of phasing out step by step, as a modular block chain, I suggest a blockchain network model that can simplify or replace various functions of the current record management process.

Integration of Blockchain and Cloud Computing in Telemedicine and Healthcare

  • Asma Albassam;Fatima Almutairi;Nouf Majoun;Reem Althukair;Zahra Alturaiki;Atta Rahman;Dania AlKhulaifi;Maqsood Mahmud
    • International Journal of Computer Science & Network Security
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    • v.23 no.6
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    • pp.17-26
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    • 2023
  • Blockchain technology has emerged as one of the most crucial solutions in numerous industries, including healthcare. The combination of blockchain technology and cloud computing results in improving access to high-quality telemedicine and healthcare services. In addition to developments in healthcare, the operational strategy outlined in Vision 2030 is extremely essential to the improvement of the standard of healthcare in Saudi Arabia. The purpose of this survey is to give a thorough analysis of the current state of healthcare technologies that are based on blockchain and cloud computing. We highlight some of the unanswered research questions in this rapidly expanding area and provide some context for them. Furthermore, we demonstrate how blockchain technology can completely alter the medical field and keep health records private; how medical jobs can detect the most critical, dangerous errors with blockchain industries. As it contributes to develop concerns about data manipulation and allows for a new kind of secure data storage pattern to be implemented in healthcare especially in telemedicine fields is discussed diagrammatically.

Artificial Intelligence (AI) and Blockchain-based Online Payments in the Global World

  • Ahlam Alhalafi;Prakash Veeraraghavan;Dalal Hanna
    • International Journal of Computer Science & Network Security
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    • v.24 no.3
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    • pp.1-11
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    • 2024
  • Payment systems are evolving, and this study examines how blockchain and AI improve online transactional security and service quality. The study examines micro and macro payment systems, compares online, and offline methods all over the world. The study also examines how blockchain and AI affect payment system security, privacy, and efficiency globally and rapidly digitizing economy. Digital payment methods are growing all over the world with high literacy and digital engagement, but they face challenges. The research highlights cybersecurity threats and the need to balance user convenience and security. It suggests blockchain and AI improve online payment services, supporting the policies for different countries. In this extensive research survey, we compare and evaluate the strengths and weaknesses of various payment systems, their practicality, and their robustness. This study also examines how technological innovations and payment systems interact to reveal how blockchain and AI could transform the financial sector. It seeks to understand how technology-enhancing service quality can boost customer satisfaction and financial stability in the digital age. The findings should help policymakers, financial institutions, and technology developers optimize online payment systems for a more secure and efficient digital economy.