• International Journal of Computer Science & Network Security
• /
• 제23권6호
• /
• pp.181-192
• /
• 2023

Blockchain system brought innovation in the area of accounting, credit monitoring and trade secrets. Consensus algorithm that considered the central component of blockchain, significantly influences performance and security of blockchain system. In this paper we presented four consensus protocols specifically as Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof of Stake (DPoS) and Practical Byzantine Fault-Tolerance (PBFT), we also reviewed different security threats that affect the performance of Consensus Protocols and precisely enlist their counter measures. Further we evaluated the performance of these Consensus Protocols in tabular form based on different parameters. At the end we discussed a comprehensive comparison of Consensus protocols in terms of Throughput, Latency and Scalability. We presume that our results can be beneficial to blockchain system and token economists, practitioners and researchers.

• International Journal of Computer Science & Network Security
• /
• 제23권6호
• /
• pp.91-98
• /
• 2023

The rapid increase in the use of new technology known as 'blockchain technologies' has addressed many challenges in different areas and provided benefits to users, in this paper we discuss the field of supply chains, improve confidence and transparency between participants and stakeholders significantly also in this paper we Compare between different blockchain frameworks focusing on most popular frameworks. Moreover, we proposed a model in the supply chain using a blockchain framework, the proposed supply chain model included many different resources that help to exchange information over the network. The proposed model also includes smart contracts that maintain all rules for transactions. using blockchain technology information such as transaction details, time and money are recorded and stored within the system from the beginning of the transaction entry.

• Journal of Information Processing Systems
• /
• 제14권1호
• /
• pp.101-128
• /
• 2018

Thanks to its potential in many applications, Blockchain has recently been nominated as one of the technologies exciting intense attention. Blockchain has solved the problem of changing the original low-trust centralized ledger held by a single third-party, to a high-trust decentralized form held by different entities, or in other words, verifying nodes. The key contribution of the work of Blockchain is the consensus algorithm, which decides how agreement is made to append a new block between all nodes in the verifying network. Blockchain algorithms can be categorized into two main groups. The first group is proof-based consensus, which requires the nodes joining the verifying network to show that they are more qualified than the others to do the appending work. The second group is voting-based consensus, which requires nodes in the network to exchange their results of verifying a new block or transaction, before making the final decision. In this paper, we present a review of the Blockchain consensus algorithms that have been researched and that are being applied in some well-known applications at this time.

• Journal of information and communication convergence engineering
• /
• 제19권1호
• /
• pp.8-15
• /
• 2021

The Fourth Industrial Revolution is currently leading humanity into a super-connected, super-intelligent, and super-converged society through key technologies such as artificial intelligence, the Internet of Things (IoT), and big data. Blockchain technology has the potential to lead social innovation that will improve the mutual harmony and understanding of the complex structures of human society as well as various phenomena (e.g., antagonism, confrontation, and ideological conflict). With such progress in social innovation, blockchain technology will result in a fairer and more transparent human society. In addition, blockchain technology is emerging as a core infrastructure technology, and its growth and expansion are expected to bring about revolutionary improvements to nearly all fields of development and research. In this paper, we briefly outline the main features of blockchain technology. Through a further analysis of its ecosystem, we intend to offer suggestions for a more robust and efficient development of blockchain-related industries.

• Journal of information and communication convergence engineering
• /
• 제22권1호
• /
• pp.64-69
• /
• 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.

• Asia pacific journal of information systems
• /
• 제32권2호
• /
• pp.191-225
• /
• 2022

Based on its technological elements (distribution, encryption, immutability, tokenisation, decentralisation, and smart contracts), blockchain has drawn considerable attention in various industries and verticals. Still, the strategic adoption of blockchain is in its early stages because of the current barriers and challenges in the areas of 'customer experience', 'business models', and 'operational processes.' This work delivers a comprehensive synopsis of the fundamental challenges faced by blockchain adopters in their digital journey, based on a literature survey. The authors leveraged MAXQDA software and the theory, context, characteristics, and methodology (TCCM) framework to develop themes, findings, and evidence for adoption barriers. The research evaluates the literature on blockchain adoption challenges and offers research insights and managerial agendas for future inferences.

• 한국컴퓨터정보학회논문지
• /
• 제25권5호
• /
• pp.217-227
• /
• 2020

본 연구는 물류 기업이 블록체인기술을 채택하는 데 어떠한 요인들이 영향을 미치는가를 파악하고 블록체인기술이 물류성과에 미치는 영향을 분석하는 것을 연구목적으로 하고 있다. 블록체인기술의 채택에 영향을 미치는 변수들은 TOE 프레임을 바탕으로 제시하였다. 블록체인기술 채택 요인으로 기대이익, 조직준비성, 기술호환성, 경쟁압력을 제시하였다. 그리고 블록체인기술로는 스마트 계약과 정보 투명성을 제시하였다. 물류성과는 신속성과 조정성을 제시하였다. 한국의 물류 기업을 대상으로 설문조사를 실시하였다. 수집된 자료를 분석한 결과를 보면 기대이익, 기술호환성은 블록체인기술(스마트 계약, 정보 투명성)에 정의 영향을 미치는 것으로 나타났다. 조직준비성은 정보투명성에 정의 영향을 미치는 것으로 나타났다. 블록체인기술은 물류성과에 정의 영향을 미치는 것으로 나타났다.

• Journal of Information Processing Systems
• /
• 제15권3호
• /
• pp.707-716
• /
• 2019

In this paper, we present a certificate management platform for performance assessment during recruitment using blockchain. Applicants are awarded certificates according to a predetermined level of progress based on their performances. All certificates are stored on a recruitment management platform that serves as an environment for storing and presenting all awarded certificates. The hashed information of all the certificates are stored in the blockchain, and once stored, the contents cannot be tampered with. Therefore, anyone can check the validity of the certificates using this blockchain. Our proposed platform will be useful for recruitment and application management, career management, and personal history maintenance.

• Journal of Information Technology Applications and Management
• /
• 제27권3호
• /
• pp.1-18
• /
• 2020

Recently, following the development of FinTech technology that combines finance and information and communication technology, the need and social demands for a block chain technology-based trading system have increased significantly. In this study, a research model was developed and hypothesized through literature research on the concept of block chain technology, the technology acceptance model, and the unified theory of acceptance and use of technology. The research theories were tested by collecting data through surveys and analyzing the collected data. This study conducted empirical research to identify the factors influencing the user acceptance intention and utilization behavior of the block chain technology in introducing the block chain technology. First, factors affecting the acceptance intention of the blockchain user were performance expectation, effort expectation, social impact, and blockchain transparency variables. Second, the facilitation conditions and stakeholder confidence variables were analyzed as factors that did not affect the acceptability of the blockchain users. Third, variables such as blockchain transparency, stakeholder trust and intention of acceptance are factors that affect the usage behavior of the blockchain. Fourth, it was confirmed that the acceptance intention had a very high explanatory power on usage behavior of Blockchain technology.

• KSII Transactions on Internet and Information Systems (TIIS)
• /
• 제11권8호
• /
• pp.3766-3788
• /
• 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.