• Title/Summary/Keyword: Smart contracts

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A Study on the Design of Smart Contracts mechanism based on the Blockchain for anti-money laundering (자금 세탁 방지를 위한 블록체인 기반 스마트 컨트랙트 메커니즘 설계)

  • Kang, Heejung;Kim, Hye Ri;Hong, Seng-phil
    • Journal of Internet Computing and Services
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    • v.19 no.5
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    • pp.1-11
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    • 2018
  • The Blockchain is a technique that prevents data from being manipulated and guarantees the integrity and reliability of the data by all participants in the network jointly owning and validating the data. Since the Blockchain characterized by security, scalability and transparency, it is used in a variety of fields including logistics, distribution, IoT and healthcare, including remittance. In particular, there is a growing interest in smart contract that can create different forms of contracts and automate implementation based on Blockchain. Smart Contract can be used to pre-programme contracts and are implemented immediately when conditions are met. As a result, digital data can be more reliable. In this paper, we are conducting a study on the smart contract design as a way to solve such problems as illegal misuse of funds on virtual currency, which has become an issue recently. Through this process, we applied the customer identification and money laundering prevention process using smart contract, and then check the possibility of preventing money laundering and propose the ASM (AML SmartContract Mechant) design.

Automated Classification of Unknown Smart Contracts of Ethereum Using Machine Learning (기계학습을 활용한 이더리움 미확인 스마트 컨트랙트 자동 분류 방안)

  • Lee, Donggun;Kwon, Taekyoung
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.28 no.6
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    • pp.1319-1328
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    • 2018
  • A blockchain system developed for crypto-currency has attractive characteristics, such as de-centralization, distributed ledger, and partial anonymity, making itself adopted in various fields. Among those characteristics, partial anonymity strongly assures privacy of users, but side effects such as abuse of crime are also appearing, and so countermeasures for circumventing such abuse have been studied continuously. In this paper, we propose a machine-learning based method for classifying smart contracts in Ethereum regarding their functions and design patterns and for identifying user behaviors according to them.

Design Model for Extensible Architecture of Smart Contract Vulnerability Detection Tool

  • Choi, Yun-seok;Lee, Wan Yeon
    • International Journal of Internet, Broadcasting and Communication
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    • v.12 no.3
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    • pp.189-195
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    • 2020
  • Smart contract, one of the applications of blockchain, is expected to be used in various industries. However, there is risks of damages caused by attacks on vulnerabilities in smart contract codes. Tool support is essential to detect vulnerabilities, and as new vulnerabilities emerge and smart contract implementation languages increase, the tools must have extensibility for them. We propose a design model for extensible architecture of smart contract vulnerability detection tools that detect vulnerabilities in smart contract source codes. The proposed model is composed of design pattern-based structures that provides extensibility to easily support extension of detecting modules for new vulnerabilities and other implementation languages of smart contract. In the model, detecting modules are composed of independent module, so modifying or adding of module do not affect other modules and the system structure.

A Study on Smart Contract for Personal Information Protection (개인정보보호를 위한 스마트컨트랙트 연구)

  • Kim, Young-Hun
    • Journal of Digital Convergence
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    • v.17 no.3
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    • pp.215-220
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    • 2019
  • The block chain technology is a technique that prevents manipulation of data and ensures integrity and reliability. Ethereum is building a smart contract environment as a type of encryptionenabled system based on block chains. Smart contracts can be implemented when conditions are met, thus increasing confidence in digital data. However, smart contracts that are being tried in various ways are not covered by information security and personal information protection. The structure in which the network participant can view the open transaction ledger is exposed to data or personal information listed in the block chain. In this study, it is possible to manage the data of personal information recorded in the block chain directly. This study is protected personal information by preventing the exposure of personal information and by executing time code, it is possible to erase recorded information after a certain period of time has elapsed. Based on the proposed system in the future, it is necessary to study the additional management techniques of unknown code defects or personal information protection.

A Study on Court Auction System using Ethereum-based Ether (이더리움 기반의 이더를 사용한 법원 경매 시스템에 관한 연구)

  • Kim, Hyo-Jong;Han, Kun-Hee;Shin, Seung-Soo
    • Journal of Convergence for Information Technology
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    • v.11 no.2
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    • pp.31-40
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    • 2021
  • Blockchain technology is also actively studied in the real estate transaction field, and real estate transactions have various ways. In this paper, we propose a model that simplifies the authentication procedure of auction systems using Ethereum's Ether to solve the problem of offline court auctions. The proposed model is written in Ethereum's Solidity language, the court registers the sale date and the sale date with the DApp browser, and the bidder accesses the address of the individual's wallet created through Metamask's private key. The bidder then selects the desired sale and enters the bid price amount to participate in the auction. The bidder's record of the highest bid price for the sale he wants is written on the Ethereum test network as a smart contract. and creates a block. Finally, smart contracts written on the network are distributed by the court auction manager to all nodes in the blockchain network, and each node in the blockchain network can be viewed and contract verified. As a result of analyzing the smart contracts of the proposed model and the performance of the system, there are fees incurred due to the creation and use of Ether on platforms using Ethereum, and participation. Ether's changes in value affect the price of the sale, resulting in inconsistent fees in smart contracts each time. However, in future work, we issue our own tokens to solve the market volatility problem and commission problem with the value change of Ether, and refine complex court auction systems.

Role Based Smart Contract For Data sharing

  • Joachim, Kweka Bruno;Rhee, Kyung-Hyune
    • Proceedings of the Korea Information Processing Society Conference
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    • 2018.10a
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    • pp.235-237
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    • 2018
  • The Internet has allowed many things to move fast, including sharing of data, files and others within a second. Many domains use applications range from IoT, smart cities, healthcare, and organizations to share the data when necessary. However, there are some challenges faced by existing systems that works on centralized nature. Such challenges are data breach, trustiness issue, unauthorized access and data fraud. Therefore in this work, we focus on using a smart contract which is used by blockchain platform and works on decentralized form. Furthermore, in this work our contract provides an access to the file uploaded onto the decentralized storage such as IPFS. By leveraging smart contract-role based which consist of a contract owner who can manage the users when access the certain resources such as a file and as well as use of decentralized storage to avoid single point of failure and censorship over secure communication channel. We checked the gas cost of the smart contract since most of contracts tends to be a high cost.

A Proposed Model for Supply Chain using Blockchain Framework

  • Zenab AlSadeq;Haya Alubaidan;Alanoud Aldweesh;Atta-ur-Rahman ;Tahir Iqbal
    • International Journal of Computer Science & Network Security
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    • v.23 no.6
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    • pp.91-98
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    • 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.

A Study on the Applications of Blockchain Transactions and Smart Contracts in Recordkeeping (블록체인 트랜잭션과 스마트 컨트랙트를 활용한 기록관리 적용 방안 연구)

  • Wang, Hosung;Moon, Shinhye;Han, Nungwoo
    • Journal of Korean Society of Archives and Records Management
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    • v.20 no.4
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    • pp.81-105
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    • 2020
  • This study examines the possibility of applying various recordkeeping methods through a platform built in 2019 by the National Archives of Korea. In particular, it aims to develop a way to track and store transactions using blockchain and to design and present the method of records management automation using smart contracts. In this regard, a literature review, a system analysis of CAMS and MAM, interviews with the experts, designing, implementation, and the development of the system's proof of concept were performed. These efforts resulted in the proposal of an archives and records management strategy utilizing blockchain, which guarantees transparency and accountability by preserving an audit trail on recordkeeping activities.

Study on Methods for Arts Sponsorship Using Smart Contracts and Non-fungible Tokens (스마트 계약과 대체 불가능 토큰을 활용한 예술 후원 방법에 대한 연구)

  • Lee, Eun Mi
    • The Journal of the Convergence on Culture Technology
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    • v.8 no.1
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    • pp.523-529
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    • 2022
  • Art sponsorship contributed to the development of culture and art by supporting art activities to be financially stable. Various problems in the non-fungible tokens (NFTs) market, such as speculative transactions, are also expected to be improved through sound art sponsorship. This study proposes methods of implementing art sponsorship using NFTs and smart contracts. First, we propose a method of posting the acknowledgement of art sponsorship using NFT metadata. Second, we propose a method to remit sponsorship funds according to the project schedule using time-locked wallets. Third, we propose a method to remit sponsorship funds when major events of the project occur or requirements are met using Event-Driven Execution. The proposed methods can be used to share the fact about art sponsorship and safely fund it. However, many decisions about art projects must be made based on information generated outside the blockchain, which can lead to Oracle problems, so further research is needed.

The Impact of Blockchain Technology on the Music Industry

  • Kim, Kenneth Chi Ho
    • International journal of advanced smart convergence
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    • v.8 no.1
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    • pp.196-203
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    • 2019
  • We have reviewed the potential impact of blockchain technology on the music industry by analyzing the views of academia and the industry experts. The music industry had rapid changes from the physical market to the digital market in the past decades. The consumers download and stream music online and mobile during the digital dominant market. While streaming music has been recently growing at a fast rate, fair distribution of revenue to the artists continues to be an issue. Some industry experts believe that the issue of fair distribution of revenue to the artist may be resolved using blockchain technology, while some are skeptical about the application or the duration of impact. The blockchain may enhance speedier payment using smart contracts, provide additional revenue and promote the music if excellent fan support is achieved. The positive impact on the music industry may only be possible if there are detailed consideration of the industry and careful understanding of the customers.