• Title/Summary/Keyword: blockchain technology

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A Text Mining Approach to the Comparative Analysis of the Blockchain Issues : South Korea and the United States (텍스트 마이닝을 활용한 블록체인 이슈 분석 : 한국과 미국)

  • Shon, Saeah;Jeon, Byeong-Jin;Kim, Hee-Woong
    • Journal of Information Technology Services
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    • v.18 no.1
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    • pp.45-61
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    • 2019
  • Blockchain technology, which enables transparent transactions among individuals without central control, opens up diverse business possibilities. It is also expected that blockchain will have a ripple effect on the entire area of society including finance, manufacturing, distribution, and the public sector. Previous studies related to the blockchain also deals with its functional features and application to industrial and public fields. In the new technology such as blockchain, it is necessary to know what social perception is in order to create technological development environment, but there is a lack of research on it. Therefore, this study aims to find out the implications for industrial and policy direction by analyzing issues related to the blockchain in South Korea and the US through text mining. From these two countries, we collected text data related to blockchain in online communities and internet articles. Then, we did co-occurrence analysis and topic modeling on them respectively. As a result of this study, we have found common points and differences in keywords and topics extracted from social media in the two countries. Based on them, we can offer helpful suggestions for building a sound blockchain ecosystem, and directions for future research.

A Study on the Current Status and Performance of OTP Utilization of Blockchain Technology (블록체인 기술의 OTP 활용 현황과 성능에 관한 연구)

  • Lee, Deok Gyu
    • KIPS Transactions on Computer and Communication Systems
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    • v.10 no.2
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    • pp.47-52
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    • 2021
  • As blockchain technology develops, encryption for blockchain blocks is also becoming more important. Encryption in the blockchain is used to secure the identity of the person who created the transaction and to prevent manipulation of information in the past block. However, increasing the security of encryption decreases the speed of block creation, one of the biggest drawbacks of the blockchain. Therefore, in this paper, we propose a method to minimize the performance of the current OTP and the degradation of the blockchain by comparing the status and performance of OTP used in the blockchain.

Analysis of Blockchain Network and Cryptocurrency Safety Issues

  • Taegyu Lee
    • International journal of advanced smart convergence
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    • v.12 no.3
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    • pp.40-50
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    • 2023
  • Blockchain is a technology designed to prevent tampering with digital documents or information, safeguarding transaction data and managing it in a structured manner. This proves beneficial in addressing issues of trust and data protection in B2B, B2C, and C2B transactions. Blockchain finds utility not only in financial transactions but also across diverse industrial sectors. This study outlines significant cases and responses that jeopardize the security of blockchain networks and cryptocurrency technology. Additionally, it analyzes safety and risk factors related to blockchain and proposes effective testing methods to preemptively counter these challenges. Furthermore, this study presents key security evaluation metrics for blockchain to ensure a balanced assessment. Additionally, it provides evaluation methods and various test case models for validating the security of blockchain and cryptocurrency transaction services, making them easily applicable to the testing process.

Application of blockchain in the food industry (식품 산업에서의 블록체인의 응용)

  • Kim, Sangoh
    • Food Science and Industry
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    • v.54 no.3
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    • pp.132-144
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    • 2021
  • Along with the rise in the value of cryptocurrency, the interest of the blockchain is very high. However, most people do not understand cryptocurrency and blockchain very well. In addition, due to this lack of understanding of the technology, ideas about how blockchain technology can be applied in the food industry may not come up. Therefore, this content describes the advantages of blockchain technology in terms of security, starting with the understanding and operation method of cryptocurrency and blockchain technology, and briefly describes the development of a blockchain system. And simple examples of how this blockchain technology can be applied to other industries are summarized, and examples used in the food industry are summarized. Finally, it was insisted that using such a blockchain technology can provide safe food to consumers.

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.

Exploring trends in blockchain publications with topic modeling: Implications for forecasting the emergence of industry applications

  • Jeongho Lee;Hangjung Zo;Tom Steinberger
    • ETRI Journal
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    • v.45 no.6
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    • pp.982-995
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    • 2023
  • Technological innovation generates products, services, and processes that can disrupt existing industries and lead to the emergence of new fields. Distributed ledger technology, or blockchain, offers novel transparency, security, and anonymity characteristics in transaction data that may disrupt existing industries. However, research attention has largely examined its application to finance. Less is known of any broader applications, particularly in Industry 4.0. This study investigates academic research publications on blockchain and predicts emerging industries using academia-industry dynamics. This study adopts latent Dirichlet allocation and dynamic topic models to analyze large text data with a high capacity for dimensionality reduction. Prior studies confirm that research contributes to technological innovation through spillover, including products, processes, and services. This study predicts emerging industries that will likely incorporate blockchain technology using insights from the knowledge structure of publications.

A Study on Predicting Cryptocurrency Distribution Prices Using Machine Learning Techniques (머신러닝 기법을 활용한 암호화폐 유통 가격 예측 연구)

  • KIM, Han-Min;KIM, Hoik
    • Journal of Distribution Science
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    • v.17 no.11
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    • pp.93-101
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    • 2019
  • Purpose: Blockchain technology suggests ways to solve the problems in the existing industry. Among them, Cryptocurrency system, which is an element of Blockchain technology, is a very important factor for operating Blockchain. While Blockchain cryptocurrency has attracted attention, studies on cryptocurrency prices have been mainly conducted, however previous studies mainly conducted on Bitcoin prices. On the other hand, in the context of the creation and trading of various cryptocurrencies based on the Blockchain system, little research has been done on cryptocurrencies other than Bitcoin. Hence, this study attempts to find variables related to the prices of Dash, Litecoin, and Monero cryptocurrencies using machine learning techniques. We also attempt to find differences in the variables related to the prices for each cryptocurrencies and to examine machine learning techniques that can provide better performance. Research design, data, and methodology: This study performed Dash, Litecoin, and Monero price prediction analysis of cryptocurrency using Blockchain information and machine learning techniques. We employed number of transactions in Blockchain, amount of generated cryptocurrency, transaction fees, number of activity accounts in Blockchain, Block creation difficulty, block size, umber of created blocks as independent variables. This study tried to ensure the reliability of the analysis results through 10-fold cross validation. Blockchain information was hierarchically added for price prediction, and the analysis result was measured as RMSE and MAPE. Results: The analysis shows that the prices of Dash, Litecoin and Monero cryptocurrency are related to Blockchain information. Also, we found that different Blockchain information improves the analysis results for each cryptocurrency. In addition, this study found that the neural network machine learning technique provides better analysis results than support-vector machine in predicting cryptocurrency prices. Conclusion: This study concludes that the information of Blockchain should be considered for the prediction of the price of Dash, Litecoin, and Monero cryptocurrency. It also suggests that Blockchain information related to the price of cryptocurrency differs depending on the type of cryptocurrency. We suggest that future research on various types of cryptocurrencies is needed. The findings of this study can provide a theoretical basis for future cryptocurrency research in distribution management.

Influencing Factors on the Acceptance of Blockchain Technology in Capturing and Sharing Project Knowledge: A Grounded Theory Study

  • Bardesy, Waseem S.;Alsereihy, Hassan A.
    • International Journal of Computer Science & Network Security
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    • v.22 no.10
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    • pp.262-270
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    • 2022
  • In the past two decades, there has been an increasing interest in project knowledge management, as knowledge is a crucial resource for project management success. Knowledge capture and sharing are two effective project management practices. Capturing and sharing project knowledge has become more efficient due to technological advances. Nevertheless, present technologies face several technical, functional, and usage obstacles and constraints. Thus, Blockchain technology might provide promising answers, yet, there is still a dearth of understanding regarding the technology's proper and practical application. Consequently, the goal of this study was to fill the gap in the literature about the adoption of Blockchain technology and to investigate the project stakeholders' acceptance and willingness to utilize the technology for capturing and sharing project knowledge. Due to this inquiry's exploratory and inductive characteristics, qualitative research methodology was used, namely the Grounded Theory research approach. Accordingly, eighteen in-depth, semi-structured interviews were conducted to collect the data. Concurrent data collection and analysis were undertaken, with findings emerging after three coding steps. Four influencing factors and one moderating factor were identified as affecting users' acceptance of Blockchain technology for capturing and sharing project knowledge. Consequently, the results of the study aimed to fill a gap in the existing literature by undertaking a comprehensive analysis of the unrealized potential of Blockchain technology to improve knowledge capture and sharing in the project management environment.

A Study for the Innovativeness of Blockchain (블록체인 혁신성 연구)

  • Kim, Euiseok
    • The Journal of Society for e-Business Studies
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    • v.23 no.3
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    • pp.173-187
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    • 2018
  • After Satoshi Nakamoto published 'Bitcoin: A peer-to-peer electronic cash system' in 2008, Blockchain has been GPT (General Purpose Technologies) that affect the whole cycle of the $4^{th}$ Industrial Revolution. This study attempted to identify the innovativeness of Blockchain. Because of Blockchain's ambidextrous characteristics, Blockchain has two kinds of innovativeness, technological innovation by physical technology and social innovation by social technology. Thus, this study will be useful to increase understanding and establishing strategy for Blockchain.

Scalable Blockchain Storage Model Based on DHT and IPFS

  • Chen, Lu;Zhang, Xin;Sun, Zhixin
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.16 no.7
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    • pp.2286-2304
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    • 2022
  • Blockchain is a distributed ledger that combines technologies such as cryptography, consensus mechanism, peer-to-peer transmission, and time stamping. The rapid development of blockchain has attracted attention from all walks of life, but storage scalability issues have hindered the application of blockchain. In this paper, a scalable blockchain storage model based on Distributed Hash Table (DHT) and the InterPlanetary File System (IPFS) was proposed. This paper introduces the current research status of the scalable blockchain storage model, as well as the basic principles of DHT and the InterPlanetary File System. The model construction and workflow are explained in detail. At the same time, the DHT network construction mechanism, block heat identification mechanism, new node initialization mechanism, and block data read and write mechanism in the model are described in detail. Experimental results show that this model can reduce the storage burden of nodes, and at the same time, the blockchain network can accommodate more local blocks under the same block height.