• Title/Summary/Keyword: Distributed Ledger System

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Configurable Smart Contracts Automation for EVM based Blockchains

  • ZAIN UL ABEDIN;Muhammad Shujat Ali;Ashraf Ali;Sana Ejaz
    • International Journal of Computer Science & Network Security
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    • v.23 no.10
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    • pp.147-156
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    • 2023
  • Electronic voting machines (EVMs) are replacing research ballots due to the errors involved in the manual counting process and the lengthy time required to count the votes. Even though these digital recording electronic systems are advancements, they are vulnerable to tampering and electoral fraud. The suspected vulnerabilities in EVMs are the possibility of tampering with the EVM's memory chip or replacing it with a fake one, their simplicity, which allows them to be tampered with without requiring much skill, and the possibility of double voting. The vote data is shared among all network devices, and peer-to-peer verification is performed to ensure the vote data's authenticity. To successfully tamper with the system, all of the data stored in the nodes must be changed. This improves the proposed system's efficiency and dependability. Elections and voting are fundamental components of a democratic system. Various attempts have been made to make modern elections more flexible by utilizing digital technologies. The fundamental characteristics of free and fair elections are intractability, immutability, transparency, and the privacy of the actors involved. This corresponds to a few of the many characteristics of blockchain-like decentralized ownership, such as chain immutability, anonymity, and distributed ledger. This working research attempts to conduct a comparative analysis of various blockchain technologies in development and propose a 'Blockchain-based Electronic Voting System' solution by weighing these technologies based on the need for the proposed solution. The primary goal of this research is to present a robust blockchain-based election mechanism that is not only reliable but also adaptable to current needs.

A Learner-Centered Approach for University Liberal Art Education Empowered Blockchain Technology (블록체인 기술에 의하여 강화된 학습자 중심의 대학 교양교육 체제 연구)

  • Kyun, Suna;Jang, Jiyoung
    • Journal of Information Technology Services
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    • v.20 no.6
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    • pp.107-123
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    • 2021
  • Recently, there have been a number of researchers in the field of education who are actively exploring the educational applications of Blockchain technology, even though it is still in its infancy. Some researchers have been investigating its application in educational administration to issue academic credentials' or maintain student records with distributed ledger, which is the basis of Blockchain technology. Whereas, others have been examining its application in redesigning learning systems that are being used in various contexts, including online learning and lifelong education. In that vein, this paper aims to discuss a liberal arts education system which will be supported by Blockchain-based 'smart contracts'. At present, active efforts are being made to innovate liberal arts education in Korea, centered around government-funded university innovation projects and there have been reports of great achievements. However, if the Blockchain technology is applied to innovating the liberal arts education, we will innovate not only the liberal arts education but also university education as a whole. In this paper, there are suggestions on how to build a learner-centered educational environment where a liberal arts education system is supported by Blockchain-based smart contracts. First of all, the current innovation in liberal arts education and its limitations are discussed, followed by ways in which Blockchain-based smart contracts can reframe the liberal arts education system. Last but not least, the paper addresses implications of the Blockchain technology applications in liberal arts education, along with their future prospects.

Development of an FTA origin information management system prototype utilizing private block chain (프라이빗 블록체인 활용 FTA원산지 정보관리 시스템 프로토타입 개발)

  • Cho, Hyung-Min;Kim, Jong-Hyun;Lee, Kyung-Hee
    • The Journal of Bigdata
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    • v.4 no.1
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    • pp.1-10
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    • 2019
  • As FTA is spreading, it is becoming more and more necessary to improve the accuracy and reliability of the country of origin information at the domestic trading stage in preparation for the actual surveys expected to surge in the near future. However, there are many problems in collecting and managing information related to origin. It is pointed out that the shortage of export-oriented profits and the incentive for issuance of FTA-related profits, as well as the lack of information on the distribution and management of origin information of domestic manufacturing companies are also pointed out as important causes. In this paper, we propose a method to improve the efficiency of management and circulation of smooth FTA origin (comprehensive) certificate of Korean companies and to improve reliability through manipulation prevention by building prototype of origin information management system based on private block chain Hyperledger. The block chain, called Distributed Ledger or Trusted Internet, provides a technical infrastructure that enables various related companies to distribute origin information with high reliability and immediate distribution in the supply chain, but research on its application is still in the beginning stage.

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The Future of BlockChain Technology Leading Innovation in the Industrial Ecosystem (산업 생태계의 혁신을 선도할 블록체인 기술의 미래전망)

  • Kim, Jung-Sook
    • The Journal of the Korea Contents Association
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    • v.18 no.6
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    • pp.324-332
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    • 2018
  • Blockchain technology has the potential to revolutionize trust models and business processes in a variety of industries. However, it is considered to be the initial stage of the system that pursues autonomy rather than efficiency, and it is necessary to monitor and inspect the distributed ledger technology from the price and introduction time as compared with the existing relational DB transaction technology. However, domestic and foreign private sectors have already been activated by applying block-chain technology in the national domain, and the block chain is devoid of doubt that it is an exaggerated technology, characterized by the invariance of the record, transparency, and autonomous execution of business rules. It has begun to be utilized in history, identity, certification and auditing in the financial industry as well as various industries. In this paper, we analyze the problems such as security weakness, insufficient regulatory environment, technical consensus and lack of common standard. In addition, the business sense and possibility of the block chain technology is expected to be the innovation of the industrial ecosystem by entering into the reality system from the concept through monitoring the actual introduction performance in the field of copyright, logistics, health care and environment.

Machine Learning Based Prediction of Bitcoin Mining Difficulty (기계학습 기반 비트코인 채굴 난이도 예측 연구)

  • Lee, Joon-won;Kwon, Taekyoung
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.29 no.1
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    • pp.225-234
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    • 2019
  • Bitcoin is a cryptocurrency with characteristics such as de-centralization and distributed ledger, and these features are maintained through a mining system called "proof of work". In the mining system, mining difficulty is adjusted to keep the block generation time constant. However, Bitcoin's current method to update mining difficulty does not reflect the future hash power, so the block generation time can not be kept constant and the error occurs between designed time and real time. This increases the inconsistency between block generation and real world and causes problems such as not meeting deadlines of transaction and exposing the vulnerability to coin-hopping attack. Previous studies to keep the block generation time constant still have the error. In this paper, we propose a machine-learning based method to reduce the error. By training with the previous hash power, we predict the future hash power and adjust the mining difficulty. Our experimental result shows that the error rate can be reduced by about 36% compared with the current method.

User Dynamic Access Control Mechanism Using Smart Contracts in Blockchain Environment (블록체인 환경에서 스마트 컨트랙트를 활용한 사용자 동적 접근제어 메커니즘)

  • Cho, Do-Eun
    • Journal of Platform Technology
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    • v.9 no.1
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    • pp.46-57
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    • 2021
  • Recently, research has been actively conducted to utilize blockchain technology in various fields. In particular, blockchain-based smart contracts are applied to various automation systems that require reliability as they have the characteristics of recording data in a distributed ledger environment to verify the integrity and validity of data. However, blockchain does not provide data access control and information security because data is shared among network participants. In this paper, we propose a user dynamic access control mechanism utilizing smart contracts in blockchain environments. The proposed mechanism identifies the user's contextual information when accessing data, allocating the user's role and dynamically controlling the data access range. This can increase the security of the system and the efficiency of data management by granting data access dynamically at the time of user authentication, rather than providing the same services in roles assigned to each user group of the network system. The proposed mechanism is expected to provide flexible authentication capabilities through dynamic data access control by users to enhance the security of data stored within blockchain networks.

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.

Domastic Blockchain Legislation and Policy Analysis and the Limitations Deriving and Present Improvement Points (국내 블록체인 법제 및 정책 분석과 한계점 도출 및 향상점 제시 -산업 활성화와 정보보호 중심으로-)

  • An, Myeonggu;Park, Yongsuk
    • Journal of Convergence for Information Technology
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    • v.9 no.9
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    • pp.44-51
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    • 2019
  • Recently, various platforms utilizing blockchains have appeared. In order to develop the blockchain, it is required to improve related laws and institutions. In this respect, we analysis of the laws and systems related to domestic blockchains, draw out the limitations, and suggest directions for improvement. The research method was analyzed the literature and related laws through literature review. It is difficult to analyze the whole law and system at one time, so we examined the necessary laws and systems to revitalize the blockchain. It is confirmed that legal improvement is needed on the scope of electronic transactions and electronic financial transactions, electronic commerce, digital signatures, import and export, personal information protection, blockchain industry promotion and research. Through this, we expect a balanced development of effective blockchain revitalization and protection of national fundamental rights. Individual studies on the legal provisions and systems for each item in the future can be conducted.

Blockchain for Securing Smart Grids

  • Aldabbagh, Ghadah;Bamasag, Omaimah;Almasari, Lola;Alsaidalani, Rabab;Redwan, Afnan;Alsaggaf, Amaal
    • International Journal of Computer Science & Network Security
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    • v.21 no.4
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    • pp.255-263
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    • 2021
  • Smart grid is a fully-automated, bi-directional, power transmission network based on the physical grid system, which combines sensor measurement, computer, information communication, and automatic control technology. Blockchain technology, with its security features, can be integrated with Smart Grids to provide secure and efficient power management and transmission. This paper dicusses the deployment of Blockchain technology in Smart Grid. It presents application areas and protocols in which blockchain can be applied to in securing smart grid. One application of each area is explored in detail, such as efficient peer-to-peer transaction, lower platform costs, faster processes, greater flexibility in power generation to transmission, distribution and power consumption in different energy storage systems, current barriers obstructing the implementation of blockchain applications with some level of maturity in financial services but concepts only in energy and other sectors. Wide range of energy applications suggesting a suitable blockchain architecture in smart grid operations, a sample block structure and the potential blockchain technicalities employed in it. Also, added with efficient data aggregation schemes based on the blockchain technology to overcome the challenges related to privacy and security in the smart grid. Later on, consensus algorithms and protocols are discussed. Monitoring of the usage and statistics of energy distribution systems that can also be used to remotely control energy flow to a particular area. Further, the discussion on the blockchain-based frameworks that helps in the diagnosis and maintenance of smart grid equipment. We have also discussed several commercial implementations of blockchain in the smart grid. Finally, various challenges have been discussed for integrating these technologies. Overall, it can be said at the present point in time that blockchain technology certainly shows a lot of potentials from a customer perspective too and should be further developed by market participants. The approaches seen thus far may have a disruptive effect in the future and might require additional regulatory intervention in an already tightly regulated energy market. If blockchains are to deliver benefits for consumers (whether as consumers or prosumers of energy), a strong focus on consumer issues will be needed.

Analysis of Memory Pool Jacquard Similarity between Bitcoin and Ethereum in the Same Environment (동일한 환경에서 구성된 비트코인과 이더리움의 메모리 풀 자카드 유사도 분석)

  • Maeng, SooHoon;Shin, Hye-yeong;Kim, Daeyong;Ju, Hongtaek
    • KNOM Review
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    • v.22 no.3
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    • pp.20-24
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    • 2019
  • Blockchain is a distributed ledger-based technology where all nodes participating in the blockchain network are connected to the P2P network. When a transaction is created in the blockchain network, the transaction is propagated and validated by the blockchain nodes. The verified transaction is sent to peers connected to each node through P2P network, and the peers keep the transaction in the memory pool. Due to the nature of P2P networks, the number and type of transactions delivered by a blockchain node is different for each node. As a result, all nodes do not have the same memory pool. Research is needed to solve problems such as attack detection. In this paper, we analyze transactions in the memory pool before solving problems such as transaction fee manipulation, double payment problem, and DDos attack detection. Therefore, this study collects transactions stored in each node memory pool of Bitcoin and Ethereum, a cryptocurrency system based on blockchain technology, and analyzes how much common transactions they have using jacquard similarity.