• 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.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.14 no.8
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• pp.3224-3242
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• 2020

Internet of Things (IoT) networks composed of a large number of sensors and actuators generate a huge volume of data and control commands, which should be enforced by strong data reliability. The end-to-end data reliability of IoT networks is an essential industrial enabler. Blockchain technology can provide strong data reliability and integrity within IoT networks. We designed a lightweight end-to-end blockchain network that applies to common IoT applications. Its enhanced modular architecture and lightweight consensus mechanism guarantee its practical applicability for general IoT applications. In addition, the proposed blockchain network is highly software compatible because it adopts the Hyperledger development environment. Directly embedding the proposed blockchain middleware platform in small computing devices proves its practicability.

• 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.

• International Journal of Internet, Broadcasting and Communication
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• v.12 no.3
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• pp.46-55
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• 2020

Ad Hoc network is a special wireless network, mainly because the nodes are no control center, the topology is flexible, and the networking could be established quickly, which results the transmission stability is lower than other types of networks. In order to guarantee the transmission of data packets in the network effectively, an improved Queue Ad Hoc On-demand Distance Vector Routing protocol (Q-AODV) for node detection by using blockchain technology is proposed. In the route search process. Firstly, according to the node's daily communication record the cluster is formed by the source node using the smart contract and gradually extends to the path detection. Then the best optional path nodes are chained in the form of Merkle tree. Finally, the best path is chosen on the blockchain. Simulation experiments show that the stability of Q-AODV protocol is higher than the AODV protocol or the Dynamic Source Routing (DSR) protocol.

• International journal of advanced smart convergence
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• v.12 no.3
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• pp.40-50
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• 2023

Blockchain is a technology designed to prevent tampering with digital documents or information, safeguarding transaction data and managing it in a structured manner. This proves beneficial in addressing issues of trust and data protection in B2B, B2C, and C2B transactions. Blockchain finds utility not only in financial transactions but also across diverse industrial sectors. This study outlines significant cases and responses that jeopardize the security of blockchain networks and cryptocurrency technology. Additionally, it analyzes safety and risk factors related to blockchain and proposes effective testing methods to preemptively counter these challenges. Furthermore, this study presents key security evaluation metrics for blockchain to ensure a balanced assessment. Additionally, it provides evaluation methods and various test case models for validating the security of blockchain and cryptocurrency transaction services, making them easily applicable to the testing process.

• Electronics and Telecommunications Trends
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• v.34 no.2
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• pp.110-120
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• 2019

Blockchain enables encrypted, definitive, and immutable records of transactions to be shared and maintained across distributed nodes in peerto-peer networks. Since the establishment of the ISO/TC 307 (Blockchain and distributed ledger technologies (DLT)), Blockchain and DLT have been actively standardized. In this paper, we introduce the international standardization activities and deliverables carried out by ISO, ITU-T, and W3C.

• Journal of Contemporary Eastern Asia
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• v.18 no.2
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• pp.1-8
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• 2019

The blockchain is still new and unfamiliar. But blockchain appears to shake an entire technology innovation system. Blockchain is rapidly drawing attention in that it will be able to fundamentally revolutionize industry ecosystem. While cryptocurrency transactions and market capitalization have been popular in mass media, several platform operators in non-cryptocurrency areas such as jewelry, social networks, and entertainment, are also moving to introduce blockchain technology in full swing. In this brief note, we intend to present integrated theoretical strands to summarize various prospects for blockchain technology. Further, we want to provide a reflection as to whether this new technology gives opportunities, challenges, or risks to future society. Particularly, we point out one of its alternative and promising adoption that gives way to new forms of decentralized and autonomous organizations (DAOs).

• 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.

• Journal of the Korea Society of Computer and Information
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• v.26 no.2
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• pp.89-97
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• 2021

Blockchain is designed to collect and store the data recorded on the network in one block unit, and is connected and stored back and forth, and its form is similar to how the blocks are connected, so it is called a blockchain. Many companies are trying to popularize blockchain-based services at home and abroad, and blockchains are used in various industries. This study introduces the technical characteristics of the blockchain and deals with application services utilizing the blockchain. Introducing 5 types of blockchain architecture and core technologies and introducing blockchain application services that are used in payment services, blockchain service networks, blockchain real estate platforms, identity verification, cryptocurrency, diamond distribution path tracking, and blog information recording. do. It is expected to increase the understanding of the blockchain and provide usefulness in future blockchain research and service development.

• International journal of advanced smart convergence
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• v.8 no.4
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• pp.169-178
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• 2019

Due to the characteristics of an ad hoc network without a control center, self-organization, and flexible topology, the trust evaluation of the nodes in the network is extremely difficult. Based on the analysis of ad hoc networks and the blockchain technology, a blockchain-based node-level trust evaluation model is proposed. The concepts of the node trust degree of the HASH list on the blockchain and the perfect reward and punishment mechanism are adopted to construct the node trust evaluation model of the ad hoc network. According to the needs of different applications the network security level can be dynamically adjusted through changes in the trust threshold. The simulation experiments demonstrate that ad-hoc on-demand distance vector(AODV) Routing protocol based on this model of multicast-AODV(MAODV) routing protocol shows a significant improvement in security compared with the traditional AODV and on-demand multipath distance vector(AOMDV) routing protocols.