• Journal of the Korea Institute of Information Security & Cryptology
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• v.29 no.4
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• pp.919-943
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• 2019

Distributed ledger technology, which is attracting attention as an emerging technology related to the 4th Industrial Revolution, is implemented as an open source based distributed ledger technology system and widely used for development with various applications (or services), but the security functions provided by the distributed general ledger system are very insufficient. This paper proposes security enhancements for distributed ledger technology systems based on open source. To do so, potential security threats that may occur under running an open source based distributed ledger technology systems are identified and security functional requirements against the security threats identified are provided by analyzing legislation and security certification criteria (ISMS-P). In addition, it proposes a method to implement the security functions required for an open source based distributed ledger technology systems through analysis of security functional components of Common Criteria (CC), an international standard.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.27 no.5
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• pp.1201-1216
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• 2017

Recently, many countries around the world including Korea (Rep. of) have actively introduced online voting using distributed ledger technology (e.g. blockchain). However, online voting using distributed ledger technology based on the widely deployed telecommunication/ICT infrastructure. There is insufficient analysis of potential security threats. In this paper, we suggest a model for online voting system using distributed ledger technology and propose countermeasures by analyzing the security threats that may occur in online voting process in terms of information security.

• Informatization Policy
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• v.27 no.2
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• pp.20-39
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• 2020

This paper introduces the Cryptocurrency Market Potential Index (CMPI) in order to measure the potential of the blockchain-backed cryptocurrency. Adopting the Distributed Ledger Technology (DLT) system as a conceptual framework, the whole process from development to implementation and adoption of blockchain-backed cryptocurrency are examined. This paper selects 30 variables and employs factor analysis for multivariate analysis to produce the CMPI for a total of 213 countries. The results show that although cryptocurrency is decentralized, its development and usage might still be very centralized in Europe, North America, hotspots in the Asia-Pacific, Middle East, and CIS regions. This result also highlights how important development and implementation are before adoption so that consequent financial transactions can take place.

• The Journal of the Korea Contents Association
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• v.18 no.6
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• pp.324-332
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• 2018

Blockchain technology has the potential to revolutionize trust models and business processes in a variety of industries. However, it is considered to be the initial stage of the system that pursues autonomy rather than efficiency, and it is necessary to monitor and inspect the distributed ledger technology from the price and introduction time as compared with the existing relational DB transaction technology. However, domestic and foreign private sectors have already been activated by applying block-chain technology in the national domain, and the block chain is devoid of doubt that it is an exaggerated technology, characterized by the invariance of the record, transparency, and autonomous execution of business rules. It has begun to be utilized in history, identity, certification and auditing in the financial industry as well as various industries. In this paper, we analyze the problems such as security weakness, insufficient regulatory environment, technical consensus and lack of common standard. In addition, the business sense and possibility of the block chain technology is expected to be the innovation of the industrial ecosystem by entering into the reality system from the concept through monitoring the actual introduction performance in the field of copyright, logistics, health care and environment.