• Title/Summary/Keyword: smart contract

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Analysis of Factors Driving the Participation of Small Scale Renewable Power Providers in the Power Brokerage Market (소규모 재생발전사업자의 중개시장참여 촉진요인 분석)

  • Li, Dmitriy;Bae, Jeong Hwan
    • New & Renewable Energy
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    • v.18 no.3
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    • pp.32-42
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    • 2022
  • Rapid spread of intermittent renewable energy has amplified the instability and uncertainty of power systems. The Korea Power Exchange (KPX) promoted efficient management by opening the power brokerage market in 2019. By combining small-scale intermittent renewable energy with a flexible facility through the power brokerage market, the KPX aims to develop a virtual power plant system that will allow the conversion of existing intermittent renewable energy into collective power plants. However, the participation rate of renewable power owners in the power brokerage market is relatively low because other markets such as the small solar power contract market or the Korea Electric Power Corporation power purchase agreement are more profitable. In this study, we used a choice experiment to determine the attributes affecting the participation rate in the power brokerage market for 113 renewable power owners and estimate the value of the power brokerage market. According to the estimation results, a low smart meter installation cost, low profit variations, long contract periods, and few clearances increased the probability of participation. Moreover, the average value of the power brokerage market was estimated to be 2.63 million KRW per power owner.

Variation in the Residual Stress of Hastelloy X Superalloy Fabricated by the Laser Powder Bed Fusion Process with Sample Thickness and Support Structure (레이저 분말 베드 용융법으로 제작된 Hastelloy X 적층 소재의 시편 두께 및 서포트 구조에 따른 잔류응력 변화)

  • Jang, J. E.;Park, S. H.;Kim, D. H.
    • Transactions of Materials Processing
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    • v.31 no.3
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    • pp.136-142
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    • 2022
  • The purpose of this study was to investigate the effects of sample thickness and support structure on the residual stress of Hastelloy X superalloy samples fabricated by laser powder bed fusion (LPBF), which is an additive manufacturing process. The residual stresses of LPBF samples with different thicknesses and support structures were measured using X-ray diffraction. The results revealed that as the thickness of sample increased from 2.5 mm to 20 mm, its tensile residual stress gradually decreased from 443.5 MPa to 182.2 MPa. Additionally, the residual stress in the bottom region of sample was higher than that in the top region, and the residual stress difference in the bottom and top regions became more pronounced as the sample thickness decreased. The residual stress of LPBF sample also varied depending on the structure of support. The residual stress of sample decreased with increasing contract area between the sample and the support, because the larger contract area led to smaller temperature gradient throughout the sample.

Efficient 5G Ceramic Antenna Manufacturing Architecture using Blockchain and Smart Contracts (블록체인과 스마트 계약을 활용한 효율적인 5G 세라믹 안테나 제조 아키텍처)

  • Sung Yong An;Guy Ngayo;Seng-Phil Hong
    • Journal of Advanced Navigation Technology
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    • v.27 no.5
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    • pp.594-609
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    • 2023
  • This research introduces a novel approach to address the complexities of the 5G ceramic antenna manufacturing process through the utilization of a blockchain-based 5G ceramic antenna manufacturing (B-5GAM) architecture. By seamlessly integrating blockchain technology and smart contracts, this architecture enhances transparency, security, and efficiency within the realm of 5G ceramic antenna manufacturing. The impact of applying blockchain to enhance security measures, process efficiency, and overall reliability is evident, not only optimizing the production process but also establishing a robust foundation for future advancements in communication technology. Validation of the B-5GAM architecture was achieved by manufacturing 5G antennas and implementing blockchain and smart contracts through algorithm proposals, confirming their practicality in real manufacturing environments. The results of this study demonstrate the feasibility of employing blockchain and smart contracts in the field of 5G ceramic antenna manufacturing, confirming their potential to enhance manufacturing efficiency and reliability.

An Efficient and Transparent Blockchain-based Electronic Voting and Survey System (효율성과 투명성을 확보한 블록체인 기반 전자투표 및 설문조사 시스템)

  • Kim, HyeonA;Na, YeonJu;Lee, JaeYun;Jeong, YuRi;Kim, Hyung-Jong
    • Journal of the Korea Society for Simulation
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    • v.30 no.4
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    • pp.9-19
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    • 2021
  • Electronic voting has been recognized as an alternative to complement the limitations of existing paper voting. At the same time, security concerns are being raised. This paper presents a blockchain-based electronic voting and survey system that can guarantee reliability. Our smart contract was created using Solidity on Ethereum which is a blockchain-based distributed computing platform, and the system was implemented in connection with the Javascript based user interface. In addition, in order to protect the personal information of participants, the system is generating hash of the personal data and storing the hash of users for the contract data. Since we exploited different kinds of languages for the system, we derived items of functionality testing and presented the functionality testing result. Moreover, we made use of the Chrome's performance evaluation functionality to see the response time of the blockchain-based system. In addition, we compared the performance with the system which has the same functionality on database. The contribution of this research is design and implementation of blockchain-based electronic voting system and presentation of the functionality and performance simulation result.

Development of a Similarity Evaluation System for Offshore Plants' 3D Piping CAD Models Created Using Aveva Marine and SmartMarine 3D (Aveva Marine과 SmartMarine 3D 간의 해양 플랜트 3D 배관 CAD 모델 유사도 평가 시스템 개발)

  • Lee, Jaesun;Kim, Byung Chul;Kim, Hyungki;Cheon, Sanguk;Cho, Mincheol;Lee, Gwang;Kim, Jin-Hyun;Mun, Duhwan;Han, Soonhung
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.40 no.4
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    • pp.397-406
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    • 2016
  • Diverse stakeholders engaged in design, construction, and operation and maintenance of offshore plants typically operate heterogeneous plant 3D CAD systems. Engineering, procurement, and construction (EPC) companies are required to submit plant design result to the owner in the form of a plant 3D CAD model, as specified in the contract. However, because of the limitations of data interface of plant 3D CAD systems, EPC companies frequently perform manual remodeling to fulfill the terms and conditions of the contract. Therefore, comparison should be performed between the source plant 3D CAD model and the remodeled plant 3D CAD model to prove the validity of the remodeled plant 3D CAD model. To automate the comparison process, we have developed a system for quantitatively assessing the similarity of the plant 3D CAD models. This paper presents the architecture and detailed functions of the system. In addition, experimental results using this system are explained.

Design Blockchain as a Service and Smart Contract with Secure Top-k Search that Improved Accuracy (정확도가 향상된 안전한 Top-k 검색 기반 서비스형 블록체인과 스마트 컨트랙트 설계)

  • Hobin Jang;Ji Young Chun;Ik Rae Jeong;Geontae Noh
    • Journal of Internet Computing and Services
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    • v.24 no.5
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    • pp.85-96
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    • 2023
  • With advance of cloud computing technology, Blockchain as a Service of Cloud Service Provider has been utilized in various areas such as e-Commerce and financial companies to manage customer history and distribution history. However, if users' search history, purchase history, etc. are to be utilized in a BaaS in areas such as recommendation algorithms and search engine development, the users' search queries will be exposed to the company operating the BaaS, and privacy issues will be occured. Z. Guan et al. ensure the unlinkability between users' search query and search result using searchable encryption, and based on the inner product similarity, they select Top-k results that are highly relevant to the users' search query. However, there is a problem that the Top-k results selection may be not possible due to ties of inner product similarity, and BaaS over cloud is not considered. Therefore, this paper solve the problem of Z. Guan et al. using cosine similarity, so we improve accuracy of search result. And based on this, we design a BaaS with secure Top-k search that improved accuracy. Furthermore, we design a smart contracts that preserve privacy of users' search and obtain Top-k search results that are highly relevant to the users' search.

A Decentralized Copyright Management Model using Mydata Concept (마이데이터 개념을 활용한 탈중앙화 저작권 관리 모델)

  • Kim, Hyebin;Shin, Weon;Shin, Sang Uk
    • Journal of Korea Multimedia Society
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    • v.23 no.2
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    • pp.262-273
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    • 2020
  • This paper analyzes the existing copyright management and copyright sharing model and discusses the limitations. It then proposes a consortium Blockchain-based copyright management model in which the service platform participates as a node, and discusses how to combine the My Data concept with Blockchain and smart contracts. Also, Blockchain-based CP-ABE is introduced and applied to the proposed model as a way for users to define access policies and store copyright data in encrypted form on the storage of the online service providers (OSP). Compared with the existing copyright management model, the proposed model allows the copyright holder to focus on copyright registration, license content design, and sharing, as the data subject. And it is expected to be able to transparently manage the usage records and the basis for the settlement of the copyrighted data that are shared and used on each platform.

A Design for a Hyperledger Fabric Blockchain-Based Patch-Management System

  • Song, Kyoung-Tack;Kim, Shee-Ihn;Kim, Seung-Hee
    • Journal of Information Processing Systems
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    • v.16 no.2
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    • pp.301-317
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    • 2020
  • An enterprise patch-management system (PMS) typically supplies a single point of failure (SPOF) of centralization structure. However, a Blockchain system offers features of decentralization, transaction integrity, user certification, and a smart chaincode. This study proposes a Hyperledger Fabric Blockchain-based distributed patch-management system and verifies its technological feasibility through prototyping, so that all participating users can be protected from various threats. In particular, by adopting a private chain for patch file set management, it is designed as a Blockchain system that can enhance security, log management, latest status supervision and monitoring functions. In addition, it uses a Hyperledger Fabric that owns a practical Byzantine fault tolerant consensus algorithm, and implements the functions of upload patch file set, download patch file set, and audit patch file history, which are major features of PMS, as a smart contract (chaincode), and verified this operation. The distributed ledger structure of Blockchain-based PMS can be a solution for distributor and client authentication and forgery problems, SPOF problem, and distribution record reliability problem. It not only presents an alternative to dealing with central management server loads and failures, but it also provides a higher level of security and availability.

User certification module development of Gallery-Auction for NFC-based 2 Factor mobile electronic payment (NFC 기반 2 Factor 모바일 전자결제를 위한 갤러리-옥션의 사용자인증 모듈 개발)

  • Jo, Won Oh;Cha, Yoon Seok;Oh, Soo Hee;Choi, Myeong Soo;Kim, Hyung Jong
    • Smart Media Journal
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    • v.6 no.3
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    • pp.29-40
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    • 2017
  • Lately weight for smartphone mounted to function for NFC is increasing, rapidly. Because of this, NFC related technology is made by many companies. We developed Gallery-Auction for security enhancements and new services of NFC-based 2 factor electronic payment system. Enhanced security features development of user authentication module through fingerprint recognition to apply FIDO authentication technology and developed electronic contract voice service of Gallery-Auction using TTS(Text to Speech). Therefore we enhanced convenient and simple authentication method and security through NFC mobile electronic payment.

A Survey of the Application of Blockchain in Multiple Fields of Financial Services

  • Wang, Yiran;Kim, Dae-Kyoo;Jeong, Dongwon
    • Journal of Information Processing Systems
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    • v.16 no.4
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    • pp.935-958
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    • 2020
  • The core value of finance is credit. It can be said that without credit, there can be no finance. The distributed structure of the blockchain and the low-cost trust-building mechanism based on mathematical algorithms provide a new solution and path for solving and optimizing related problems in the financial field. The blockchain technology is applied in the development of the financial industry through consensus mechanisms, smart contracts, and distributed networks. In this research, a comprehensive survey of the blockchain technology is proposed in the development of financial services including equity crowdfunding and credit investigations in inclusive finance, cross-border remittance, Internet financial payment, P2P lending, supply chains finance, and the application of blockchain in the field of anti-money laundering. This paper discusses the role of blockchain in solutions to different issues in the financial field. It also discusses the architectures in different financial service application scenarios from the perspective of the financial trust mechanism and the perspective of the technology and rule change of blockchain participation in financial innovation. Finally, the problems and challenges of blockchain in financial services are discussed, and corresponding solutions are proposed.