• Journal of information and communication convergence engineering
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• v.22 no.1
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• pp.64-69
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• 2024

Blockchain is a decentralized network in which data blocks are linked. Through a decentralized peer-to-peer network, users can create shared databases, resulting in a trustworthy and aggregated database known as a blockchain that enhances reliability and security. The distributed nature of the blockchain enables data to be stored on multiple nodes, eliminating the need for a central server or platform. This disintermediation significantly reduces the transaction and administrative costs. The blockchain is particularly valuable in applications where reliability and stability are critical because it establishes an open database that ensures data integrity, making it virtually impossible to tamper with or falsify data. This study explores the diverse applications of the blockchain technology in virtual assets, such as cryptocurrency, decentralized finance, central bank digital currency, nonfungible tokens, and metaverses. In addition, it analyzes the potential prospects and developments driven by these innovative technologies.

• Electronics and Telecommunications Trends
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• v.35 no.5
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• pp.134-138
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• 2020

Blockchain is an enabling technology for managing data with high trust and transparency among connected computers. Blockchain emerged with the advent of the Bitcoin cryptocurrency, and then, evolved as general-purpose platforms such as Ethereum, EOS, R3 Corda, and IBM Hyperledger Fabric. The application of blockchain covers a broad range of areas such as fintech, decentralized identity, distribution, real estate trading, games, and drone air traffic management. Smart contracts are indispensable for constructing blockchain services. This survey classifies smart contract languages by their features and shows their differences from existing general-purpose programming languages.

• Journal of Digital Convergence
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• v.17 no.8
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• pp.89-94
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• 2019

Due to the limitations of public and private blockchain, several organizations are implementing consortium blockchain systems. In order for an organization to conduct business using blockchain, it must consider 'blockchain governance' factors, such as decision rights, accountability and incentives over on-chain and off-chain, depending on the organization's strategy and objectives. If an organization conducts business without blockchain governance, it cannot achieve its strategy and objectives systematically, effectively and efficiently, and cannot comply with internal external requirements such as the expectations of stakeholders and laws. However, as businesses using consortium blockchain expand, there is no research on consortium blockchain governance. Thus, in this study, the consortium blockchain governance framework, including functions, roles and responsibilities, was developed to help organizations effectively and efficiently conduct business using consortium blockchain. In addition, to review the feasibility of the developed consortium blockchain governance framework, the framework was reviewed through an advisory committee consisting of experts on blockchain and governance over two occasions. As a result of the review, components of the consortium blockchain governance framework, including functions, roles and responsibilities, were considered complete and relevant.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.32 no.3
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• pp.513-525
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• 2022

The immutability of blockchain is core elements of security of blockchain and guarantee data integrity. However, the characteristic that the data recoreded once in the blockchain cannot be modified has place for abuse by a specific user. In fact improper contents that is inappropriate to be recorded on the blockchain, such as harmful data and user personal data, is exposed on Bitcoin. As a way to manage improper content existing in the blockchain, there is a redactable blockchain using chameleon hash proposed for the first time by Ateniese. The redactable blockchain meet the right to be forgotten of GDPR by allowing data modification and deletion. Recently, Research on personal data management is being conducted in a redactable blockchain. Research by Jia et al. proposed a model that enables users to manage their personal data in the redactable blockchain. However, semi trusted regulators, which are blockchain participation nodes, have powerful authority in the blockchain, such as modification rights and deprivation of transaction rights for all blocks, which may cause side effects. In this paper, to weaken the authority of regulators in Y. Jia et al., we propose a method of authority subject altering and authority sharing, and propose a redactable blockchain-based authority change and access control system model based on applicable scenarios.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.14 no.9
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• pp.3615-3638
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• 2020

Node identity authentication is an essential means to ensure the security of the Internet of Things. Existing blockchain-based IoT node authentication schemes have many problems. A heterogeneous IoT node authentication scheme based on an improved hybrid blockchain is proposed. Firstly, the hybrid blockchain model is designed to make the blockchain and IoT environment more compatible. Then the proxy node selection mechanism is intended to establish a bridge between the ordinary IoT node and the blockchain, building by calculating the trust value between nodes. Finally, based on the improved hybrid blockchain, the node authentication scheme of the model and proxy node selection mechanism establishes a secure connection for communication between nodes. Safety and performance analysis shows proper safety and performance.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.20 no.1
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• pp.211-218
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• 2020

Recently, with the advent of blockchain technology, attempts to apply this technology to existing systems are increasing. By using the blockchain technology consensus ledger and smart contract, it is necessary to distribute certificates to various fields that require documents, attestation, authentication, verification, etc. We are studying methods using hash operation, blockchain, etc., but it is difficult to spread the technology as it has not yet reached the stage of commercialization. In this paper, user device registration authentication algorithm, blockchain-based question and answer authentication algorithm, certificate issuance, verification process and encryption algorithm, and server-side authentication for easy application in blockchain based business platform environment We proposed a blockchain-based system authentication method using four algorithms.

• Journal of Digital Convergence
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• v.16 no.8
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• pp.201-210
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• 2018

High expectations are posed on the blockchain-based internet of things (IoT), in which IoT and blockchain technology is combined to obtain trust in the Internet, where trust appears impossible to obtain. However, applications of current blockchain-based IoT technology to real-world scenarios appears to be significantly more difficult owing to limitations regarding scalability and security. In this paper, the difficulties to implement blockchain networking technologies for IoT and digital businesses are investigated and practical solutions such as sharding, off-chain, de-idetification and P2P crypto-currency exchange are explored. In further work, a blockchain platform for IoTs which provides scalability and security will be implemented according to this research results, and compared with conventional blockchain platforms.

• The Journal of Asian Finance, Economics and Business
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• v.6 no.3
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• pp.283-293
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• 2019

The purposes of the study are threefold: (1) develop key successful factors of blockchain platform for micro-enterprises based on Balanced Scorecard (BSC), (2) find out the correlation between the key successful factors of blockchain platform for micro-enterprises, and (3) understand the perception of micro-enterprise blockchain and the difference between theoretical guidance and practical application. This study combines Interpretative Structural Modeling Method, (ISM) and Decision-Making Trial and Evaluation Laboratory (DEMATEL) to analyze the causal relationships and hierarchical structures of the 12 key successful factors of blockchain platform for micro-enterprises and understand the correlation between factors. The 12 key successful factors developed based on the four perspectives of the Balanced Scorecard, and the questionnaire designs based on the concept of DEMATEL, and then analyzed data by DEMATEL and ISM methods to understand the correlation between key factors. The research results show that the key successful factors of blockchain platform for micro-enterprises include "brand equity", "security and anti-counterfeiting", "sales growth", "transparency and clear", "trust", "consensus mechanism", "traceability", "consistency", "tracking", "innovation management", "international", "organizational adaptation", in which consumer "trust" plays an important role. Micro-enterprises can use blockchain to expand the market, provide customers with better service quality, and bring sales growth to micro-enterprises.

• Journal of Navigation and Port Research
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• v.44 no.2
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• pp.79-87
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• 2020

In the field of logistics, the maritime shipping industry plays a critical role as the backbone of global trade activities. Nevertheless, previous studies on the commercialization and benefits of blockchain technology are limited in the field of marine logistics. Thus, the purpose of this study was to predict the benefit for each group involved in marine logistics when blockchain technology is applied. As such, 21 factors of benefits were selected for seven major logistics groups (financial institutions, freight forwarders, inland transportation, ocean carriers, port operators, port-related government authorities, and shippers) to study the benefit expected for each through the commercialization of blockchain technology. Based on the results, a different benefit level is expected for each group when blockchain technology is used. In order, ocean carriers (0.155), inland transportation (0.150), financial institutions (0.153), port operators (0.145), freight forwarders (0.142), port-related government authorities (0.129), and shippers (0.126) were found to benefit most from the use of blockchain technology. This study has industrial implications in that it presents the benefits expected when blockchain technology is realized and used in marine logistics by groups involved in logistics transactions.

• ETRI Journal
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• v.43 no.2
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• pp.357-370
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• 2021

The evolution of blockchain-based systems has enabled researchers to develop nextgeneration e-voting systems. However, the classical consensus method of blockchain, that is, Proof-of-Work, as implemented in Bitcoin, has a significant impact on energy consumption and compromises the scalability, efficiency, and latency of the system. In this paper, we propose a hybrid consensus model (PSC-Bchain) composed of Proof of Credibility and Proof of Stake that work mutually to address the aforementioned problems to secure e-voting systems. Smart contracts are used to provide a trustworthy public bulletin board and a secure computing environment to ensure the accuracy of the ballot outcome. We combine a sharding mechanism with the PSC-Bchain hybrid approach to emphasize security, thus enhancing the scalability and performance of the blockchain-based e-voting system. Furthermore, we compare and discuss the execution of attacks on the classical blockchain and our proposed hybrid blockchain, and analyze the security. Our experiments yielded new observations on the overall security, performance, and scalability of blockchain-based e-voting systems.