{"title":"An overview of blockchain efficient interaction technologies","authors":"Feng Liu, Sihao He, Zhenghao Li, Panwei Xiang, Jiayin Qi, Zhibin Li","doi":"10.3389/fbloc.2023.996070","DOIUrl":"https://doi.org/10.3389/fbloc.2023.996070","url":null,"abstract":"The successful operation of Bitcoin has made its underlying blockchain technology receive wide attention. As the application scenarios of blockchain technology are enriched, the requirements for its performance are getting higher. Therefore, it is of utmost importance to effectively solve the problem of high-performance data interaction in the blockchain. In this paper, based on relevant domestic and foreign research literature, we start from the development history of blockchain technology and review the relevant research work on improving the performance of blockchain from three perspectives: on-chain interaction technology, off-chain interaction technology, and cross-chain interaction technology in turn. The on-chain and off-chain interaction technologies improve performance by improving the architecture of the blockchain system. The performance improvement solution of on-chain interaction technology is to modify and optimize the basic protocol and architecture of the blockchain itself to achieve a performance improvement. Still, the impact of this approach is limited in terms of performance improvement. The performance improvement solution of off-chain interaction technology is to transfer part of the data processing to off-chain and only return the final result to on-chain for storage and recording, which reduces the burden of on-chain operation and improves the efficiency of data processing. In terms of cross-chain interaction technology, this paper analyses four mainstream technology, namely, Notary Scheme, Side chain and Chain relay, Hash-Locking, and Distributed Private Key Control, and ultimately concludes through comparative analysis that cross-chain technology has a significant impact on improving blockchain performance. Finally, the paper provides a systematic overview of the above and an outlook on the possible future development of technologies related to enhancing blockchain performance.","PeriodicalId":426570,"journal":{"name":"Frontiers in Blockchain","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114202835","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Unblocking recognition: A token system for acknowledging academic contribution","authors":"James Lee, M. Moroso, T. Mackey","doi":"10.3389/fbloc.2023.1136641","DOIUrl":"https://doi.org/10.3389/fbloc.2023.1136641","url":null,"abstract":"Here we present a blockchain-backed token recognition system to reward the contributions that academics make to the scientific ecosystem. Recognition is important in science but current methods, systems and incentives are limited. Specifically, the traditional focus on narrow publication metrics means diverse contributions are not captured, while bias toward senior, established scientists is common. To tackle this challenge, we explore the potential of harnessing blockchain’s collaborative, decentralised and trust-brokering properties to develop a token reward system for use by research funders. Academics would be awarded tokens for undertaking common but vital tasks such as peer review, sitting on funding committees and submitting reports. These tokens would not be tradable or specifically monetisable but would serve as a validated record of scientific contribution. They would have value in professional recruitment and job placement, support grant and award applications, and inform performance appraisals and file reviews. Coordination and cooperation across multiple funding agencies in developing the platform would provide an opportunity to aggregate and standardise recognition, given academics often work with several funders. This system’s goals are to expand recognition metrics, promote efficiencies, improve the robustness of professional assessments and enable cross-funder collaboration, thereby optimising research processes and practices in a decentralised and democratised manner.","PeriodicalId":426570,"journal":{"name":"Frontiers in Blockchain","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125144915","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exploring the potential of blockchain technology within the fashion and textile supply chain with a focus on traceability, transparency, and product authenticity: A systematic review","authors":"Aayushi Badhwar, S. Islam, C. Tan","doi":"10.3389/fbloc.2023.1044723","DOIUrl":"https://doi.org/10.3389/fbloc.2023.1044723","url":null,"abstract":"Blockchain Technology has shown tremendous potential to be a foundation for the currently shifting paradigm towards more traceable and transparent supply chains. This review highlights the opportunities that exist in adapting Blockchain Technology in the fashion and textile supply chain, while also providing insight into the challenges of adopting this technology. This paper provides a systematic review of the potential of Blockchain Technology within the fashion and textile industry’s supply chain to analyse its role in traceability, transparency, and product authenticity. To achieve this, a substantive number of research papers and non-scholarly resources have been scrutinised. An emphasis was placed on topics regarding Blockchain Technology (BT), the fashion and textile industry and supply chain (manufacturing and distribution), traceability, transparency, and product authenticity. The selected research papers range from empirical analysis, argumentative, case studies, opinion articles, review articles, short reports, and book chapters.","PeriodicalId":426570,"journal":{"name":"Frontiers in Blockchain","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122359922","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis of interaction between miner decision making and user action for incentive mechanism of bitcoin blockchain","authors":"Takumi Hiraide, S. Kasahara","doi":"10.3389/fbloc.2023.1067628","DOIUrl":"https://doi.org/10.3389/fbloc.2023.1067628","url":null,"abstract":"In Bitcoin blockchain, miner nodes are likely to choose transactions with high fee to be included in a block. This makes transactions with high fee being processed fast, affecting the amount of transaction fee that users want to pay. The reward for a winning miner consists of transaction fee and newly issued coins, and hence the amount of newly issued coins also affects the miner decision to participate in the mining competition. In addition, mining reward also affects the total hash computing power, which plays an important role of Bitcoin security for reducing the success probability of security attack by a malicious miner. In this paper, we develop a mathematical model for analyzing the interaction between miner decision making and user actions in terms of transaction fees, transaction-confirmation time, and security. We analyze the transaction-inclusion process with queueing theory, while decision making processes of miners and users are analyzed in the context of Nash equilibrium. The numerical examples show how the mining costs and newly issued coins affect miner decision making.","PeriodicalId":426570,"journal":{"name":"Frontiers in Blockchain","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130667239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Block chain technology for digital financial inclusion in the industry 4.0, towards sustainable development?","authors":"David Mhlanga","doi":"10.3389/fbloc.2023.1035405","DOIUrl":"https://doi.org/10.3389/fbloc.2023.1035405","url":null,"abstract":"There is a lot of hope that blockchain technology may be used to standardize money transactions and increase access to banking. It is believed that regulators and industry professionals have looked into the possibility of using blockchain technology to modernize and even replace the infrastructure that currently supports international payments and remittances, such as correspondent banking, in order to ensure that transactions can be verified and recorded using blockchain technology in a distributed ledger. The purpose of this study was to analyze how blockchain technology has helped to include previously underserved populations in the mainstream financial system, and to remark on the best practices and lessons learned from sustainable development. Using a systematic literature review, the study discovered the many ways in which blockchain technology can facilitate digital financial inclusion, including its application in financial transactions, its utility as a tool for increasing financial savings, its use in the provision of credit, and its application in the provision of insurance. According to the findings, even though the global goals do not specifically target financial inclusion, providing access to financial services for the majority of the population is a critical enabler for several of the global goals. Therefore, the study concluded that sustainable development can be ensured on many fronts if the technology behind blockchains can be successfully used to improve financial inclusion. If governments, especially in developing countries, are serious about increasing citizens’ access to financial services, they must prioritize blockchain investment.","PeriodicalId":426570,"journal":{"name":"Frontiers in Blockchain","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128597724","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Return on NFTs","authors":"Massimo Franceschet, Davide Della Libera","doi":"10.3389/fbloc.2023.1101939","DOIUrl":"https://doi.org/10.3389/fbloc.2023.1101939","url":null,"abstract":"Currently, the best known applications of blockchain technology are finance and art. In particular, the blockchain art market, born in early 2018 without fuss, went parabolic around 2021, also thanks to record-breaking sales of digital artworks associated with a Non-Fungible Token (NFT), mediated by the grand dames of auction houses Christie’s and Sotheby’s. In this contribution we merge art and finance on blockchain and explore the opportunity of buying blockchain art as a financial investment. While there exists a relatively large literature on traditional art as investment, the topic of investing in NFTs is still in its infancy. Thus, we provide methods (metrics) and tools (a Web app) to reason about opportunities, in terms of risks and returns, of investing in art on chain.","PeriodicalId":426570,"journal":{"name":"Frontiers in Blockchain","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114137287","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Blockchain feasibility assessment: A quantitative approach","authors":"S. Spencer-Hicken, C. Schutte, P. Vlok","doi":"10.3389/fbloc.2023.1067039","DOIUrl":"https://doi.org/10.3389/fbloc.2023.1067039","url":null,"abstract":"This article outlines the research and development of a blockchain assessment framework which enables the assessment of the technical suitability, high-level design, adoption approach, economic feasibility, and business value potential of a blockchain solution with a particular organization for a specific process. The framework is a comprehensive, high-level, and generic assessment approach that enables better decision-making regarding blockchain exploration. Blockchain is a novel technology with the potential to disrupt several industries through its possession of many desirable functional characteristics, including, but not limited to, immutability, transparency, decentralization, and secure. Cryptocurrencies and these desirable characteristics have created hype around blockchain, consequently leading to blockchain projects with minimal understanding of what the technology is capable of and beneficial for, resulting in excessively high failure rates. Attempts have been made by researchers to reduce these high failure rates by creating a better understanding of blockchain, as well as creating assessment approaches. However, these approaches tend to apply to specific narrow use cases, or the approach is not comprehensive and only considers one aspect of blockchain assessment. This emphasizes the need for a comprehensive and generic blockchain assessment approach to aid with better decision-making regarding blockchain within organizations. This article aims at addressing this need by creating a blockchain assessment framework to aids with deciding whether it is worthwhile investing more time, effort, and money into blockchain exploration. The context of the study is set in the introduction, this is then followed by a brief explanation of the blockchain technology. Thereafter, the blockchain assessment framework is presented, followed by a brief explanation of the demonstration and validation of the framework using a case study and expert analysis. The framework is most valuable during the initial stages of blockchain exploration and creates momentum for further blockchain exploration in an organization. The study concludes with the limitations and future research recommendations.","PeriodicalId":426570,"journal":{"name":"Frontiers in Blockchain","volume":"5 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114041350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Mitigating bureaucratic inefficiencies through blockchain technology in Africa","authors":"E. Shava, David Mhlanga","doi":"10.3389/fbloc.2023.1053555","DOIUrl":"https://doi.org/10.3389/fbloc.2023.1053555","url":null,"abstract":"With the Fourth Industrial Revolution (4IR) wave engulfing African governments, the need to do, and use something new has already infiltrated many public sector organizations. While modern technologies are being embraced in the private sector, African governments are emulating new technologies and other Information Communication Technologies (ICTs) to advance their economies while managing the risk that these sophisticated technologies can trigger. Blockchain technology is one of the emerging 4IR technology that is believed to have the capacity to mitigate bureaucratic inefficiencies, although scholars argue implementing such comes at a higher price. To understand how blockchain can help reduce inefficiencies in African bureaucracy, the researchers employed the systematic literature review analysis where documents from various databases such as Scopus, Web of Science, and Google Scholar were systematically sampled depending on how they offer meaningful data concerning blockchain implementation. The analyses of these secondary sources revealed multiple challenges and opportunities associated with blockchain technology in the African government. The challenges include poor project management, weak institutions that do not uphold accountability and transparency in data entry using blockchain, unavailability of blockchain infrastructure, risk-averse attitude, and absence of institutional readiness. By implementing enabling technology policies in government, the study revealed that blockchain could help improve taxation in African bureaucracies and mitigate data altering and errors while maximizing efficiency. Further merits in public healthcare and education can be realized by using blockchain technology. The conclusions drawn from this study have shown that for African bureaucracy to thrive using blockchain technology, there is a need to prepare public sector institutions to embrace blockchain technology. At the same time, investment in soft and technical skills remains fundamental to mitigate inefficiencies in public service provision. Institutional readiness is another deterrent to blockchain technology as public administration regard this technology as demanding since it may require change, and management where institutions and structures are reshuffled to respond to the demands of blockchain technology in the delivery of public goods.","PeriodicalId":426570,"journal":{"name":"Frontiers in Blockchain","volume":"76 12","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120926515","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Davide Basile, Claudio Di Ciccio, V. Goretti, S. Kirrane
{"title":"Blockchain based resource governance for decentralized web environments","authors":"Davide Basile, Claudio Di Ciccio, V. Goretti, S. Kirrane","doi":"10.3389/fbloc.2023.1141909","DOIUrl":"https://doi.org/10.3389/fbloc.2023.1141909","url":null,"abstract":"Decentralization initiatives such as Solid, Digi.me, and ActivityPub aim to give data owners more control over their data and to level the playing field by enabling small companies and individuals to gain access to data, thus stimulating innovation. However, these initiatives typically use access control mechanisms that cannot verify compliance with usage conditions after access has been granted to others. In this paper, we extend the state of the art by proposing a resource governance conceptual framework, entitled ReGov, that facilitates usage control in decentralized web environments. We subsequently demonstrate how our framework can be instantiated by combining blockchain and trusted execution environments. Through blockchain technologies, we record policies expressing the usage conditions associated with resources and monitor their compliance. Our instantiation employs trusted execution environments to enforce said policies, inside data consumers’ devices. We evaluate the framework instantiation through a detailed analysis of requirments derived from a data market motivating scenario, as well as an assessment of the security, privacy, and affordability aspects of our proposal.","PeriodicalId":426570,"journal":{"name":"Frontiers in Blockchain","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127222254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reputation-based Decentralized Autonomous Organization for the non-profit sector: Leveraging blockchain to enhance good governance","authors":"Yoshiro Saito, John A. Rose","doi":"10.3389/fbloc.2022.1083647","DOIUrl":"https://doi.org/10.3389/fbloc.2022.1083647","url":null,"abstract":"The Decentralized Autonomous Organization (DAO), a group organized by governance rules programmed on a blockchain, has recently been attracting attention as a novel organizational form. The effectiveness of a DAO’s decentralized governance mechanism and transparency, as secured by its code, has generally been discussed in contrast with traditional stock companies. However, the potential of a DAO for non-profits, which provide goods and services that profit-seeking organizations do not offer, has been less discussed. This paper presents a proof-of-concept implementation to demonstrate the advantages of utilizing a DAO governance framework for non-profits. To this end, this study developed a DAO governance framework incorporating a reputation-based decision-making system, a peer evaluation system, and a transparent, real-time accounting system for the Ethereum blockchain. Most current decentralized governance systems rely heavily on token-based voting using governance tokens with stock-like features. However, there is a need for a voting mechanism beyond token-based voting for non-profits, which do not have owners. Therefore, the developed application applies an existing reputation-based voting mechanism and integrates additional features, such as a membership system with mutual evaluation and a reputation NFT to visualize contributions. Several exemplar demonstrations were conducted to evaluate its key functionalities. This application enabled discussions across the boundary between technology and society in terms of the key aspects of non-profits: i) transparency of finance and governance, ii) participatory governance by diverse stakeholders, and iii) equity and inclusiveness of the consensus mechanism. The results indicated that blockchain technology compensates for a non-profit’s vulnerabilities, and illustrated that the proposed reputation-based governance mechanisms are well-motivated. However, the results also revealed that blockchain-based governance involves as many potential risks and limitations as it brings benefits. Lastly, by providing several possible solutions to these constraints as well as recommendations for future research, this paper contributes to the sustainable development of non-profits as one of the foundations of democratic governance.","PeriodicalId":426570,"journal":{"name":"Frontiers in Blockchain","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115923935","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}