• Journal of Industrial Convergence
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• v.21 no.8
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• pp.51-58
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• 2023

Blockchains have recently struggled to design for the ideal distributed trust networks by solving scalability trilemma. However, local conflicts between some countries lead to imbalance on energy distribution. Besides, blockchain networks (e.g., Bitcoin) currently consume enormous energy for transaction and mining. The existing data volume based trust model evaluated an increasing blockchain size better than Lubin's trust model in scalability trilemma. In this paper, we propose a scalability based energy model to evaluate sustainability for blockchain networks, considering energy consumption for transaction, time duration, and the blockchain size of growing blockchain networks. Through the rigorous numerical analysis, we compare the proposed scalability based energy model with the existing model for the satisfaction and optimal blockchain size. Thus, the scalability based energy model will provide an assessment tool to choose the proper blockchain networks to solve scalability trilemma problem and prove sustainability.

• Journal of Convergence for Information Technology
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• v.10 no.10
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• pp.65-70
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• 2020

With the appearance of Bitcoin that builds peer-to-peer networks for transaction of digital content and issuance of cryptocurrency, lots of blockchain networks have been developed to improve transaction performance. Recently, Joseph Lubin discussed Decentralization Transaction per Second (DTPS) against alleviating the value of biased TPS. However, this Lubin's trust model did not enough consider a security issue in scalability trilemma. Accordingly, we proposed a trust metric based on blockchain size, stale block rate, and average block size, using a sigmoid function and convex optimization. Via numerical analysis, we presented the optimal blockchain size of popular blockchain networks and then compared the proposed trust metric with the Lubin's trust model. Besides, Bitcoin based blockchain networks such as Litecoin were superior to Ethereum for trust satisfaction and data volume.

• 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.

• Journal of Information Processing Systems
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• v.16 no.3
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• pp.699-717
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• 2020

Propagation time on permissionless blockchain plays a significant role in terms of stability and performance in the decentralized systems. A large number of activities are disseminated to the whole nodes in the decentralized peer-to-peer network, thus causing propagation delay. The stability of the system is our concern in the first place. The propagation delay opens up opportunities for attackers to apply their protocol. Either by accelerating or decelerating the propagation time directly without proper calculation, it brings numerous negative impacts to the entire blockchain system. In this paper, we thoroughly review and elaborate on several parameters related to the propagation time in such a system. We describe our findings in terms of data communication, transaction propagation, and the possibility of an interference attack that caused an extra propagation time. Furthermore, we present the influence of block size, consensus, and blockchain scalability, including the relation of parameters. In the last session, we remark several points associated with the propagation time and use cases to avoid dilemmas in the light of the experiments and literary works.

• Journal of the Korea Society of Computer and Information
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• v.26 no.12
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• pp.159-168
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• 2021

Building Information Modeling (BIM) data is a digitized construction design by worldwide construction design stands rules. Some research are being conducted to utilize blockchain for safe sharing and trade of BIM data, but there is no way to store BIM data directly in the blockchain due to the size of BIM data and technical limitation of the blockchain. In this paper, we propose a method of storing BIM data by combining a distributed file system and a blockchain. We propose two network overlays for storing BIM data, and we also propose generating the Level of Detail (LOD)-based merkle tree for efficient verification of BIM data. In addition, this paper proposes a system design for distributed storage of BIM data by using blockchain besu client and IPFS client. Our system design has a result that the processing speed stably increased despite the increase in data size.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.30 no.1
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• pp.87-100
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• 2020

Researches on Post-quantum blockchain, which is a synthesis of blockchain and post-quantum cryptography[1], are relatively unrevealed areas but have needs to be studied with the regard to the quantum computers. However there could be several fundamental problems, e.g. unsustainably large size of public key and signature, or too lengthy time for sign and verification, if any post-quantum cryptography is adopted to the existing blockchain to implement post-quantum blockchain. Thus, a new method was proposed in this paper that produces fixed length of references for massive signatures and corresponding public keys to enable relatively lightweight transactions. This paper proposed the mechanism that included a new transaction structure and protocols, and demonstrated a post-quantum blockchain that the proposed mechanism was adopted. Through this research, it could enhance compatibility of blockchain regarding post-quantum digital signature, possibly reducing weights of the whole blockchain.

• Journal of Digital Convergence
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• v.16 no.8
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• pp.193-200
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• 2018

Recently, there are high expectations of a society benefitting from a digital sharing economy. However, to establish a digital sharing economy, one needs to first create a reliable social structure. Transparency is recognized as the most important measure of value in not just politics or economics, but also in all domains of our lives. Although all nations strive to create "societies based on credit and trust," in truth, rigidity, irregularity, corruption, and inefficiency are widespread in all aspects of society. Thus, there is a growing interest in blockchain technology, also called the "second Internet revolution," seeking trust in digital environments, although it is difficult to obtain trust in such environments. However, the principles and methods of evaluating blockchain technologies are still unclear and not standardized. This study addresses the evaluation indexes such as transaction per second, maximum data size per one transaction, accuracy and blockchain technology application methods in the digital sharing economy and suggest ways to safely vitalize a blockchain-based digital sharing economy.

• Proceedings of the Korea Information Processing Society Conference
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• 2022.05a
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• pp.272-275
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• 2022

The federated learning can be utilized in conjunction with the blockchain technology to provide good privacy protection and reward distribution mechanism in the field of intelligent IOT in edge computing scenarios. Nonetheless, the synchronous federated learning ignores the waiting delay due to the heterogeneity of edge devices (different computing power, communication bandwidth, and dataset size). Moreover, the potential of smart contracts was not fully explored to do some flexible design. This paper investigates the fusion application based on the FLchain, which is the combination of asynchronous federated learning and blockchain, discusses the communication optimization, and explores the feasible design of smart contract to solve some problems.

• The Journal of Society for e-Business Studies
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• v.24 no.4
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• pp.135-149
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• 2019

Accounts receivable insurance is a system in which small and medium-sized enterprises insure the accounts receivables acquired by the purchasing company, and the insurance company pays when the purchaser fails to pay the debts. Accounts receivable insurance is a very effective means of eliminating the risk of loss due to the counterparty default, and it is economically effective to protect the domestic industry by preventing the bankruptcy of one company leading to a chain bankruptcy of other companies. In this study, we constructed a business model of the accounts receivable insurance, by building an infrastructure based on a private blockchain in activating the accounts receivable insurance accounts. The accounts receivable insurance platform using these blockchain technologies not only addressed the problem of document and reliability verification for insurance, but also sought ways to facilitate accounts receivable insurance by small businesses through rapid transaction rates, easy network expansion and access management based on private blockchain.

• Journal of Digital Convergence
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• v.19 no.6
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• pp.233-238
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• 2021

Recently, blockchain technology accumulates and stores all transactions. Therefore, in order to verify the contents of all transactions, the data itself is compressed, but the scalability is limited. In addition, since a separate verification algorithm is used for each type of transaction, the verification burden increases as the size of the transaction increases. Existing blockchain cannot participate in the network because it does not become a block sink by using a server with a low specification. Due to this problem, as the time passes, the data size of the blockchain network becomes larger and it becomes impossible to participate in the network except for users with abundant resources. Therefore, in this paper, we are improved transaction as studied the zero knowledge proof algorithm for general operation verification. In this system, the design of zero-knowledge circuit generator capable of general operation verification and optimization of verifier and prover were also conducted.