This paper looks at the challenges and opportunities of implementing blockchain technology across banking, providing food for thought about the potentialities of this disruptive technology. The blockchain technology can optimize the global financial infrastructure, achieving sustainable development, using more efficient systems than at present. In fact, many banks are currently focusing on blockchain technology to promote economic growth and accelerate the development of green technologies. In order to understand the potential of blockchain technology to support the financial system, we studied the actual performance of the Bitcoin system, also highlighting its major limitations, such as the significant energy consumption due to the high computing power required, and the high cost of hardware. We estimated the electrical power and the hash rate of the Bitcoin network, over time, and, in order to evaluate the efficiency of the Bitcoin system in its actual operation, we defined three quantities: "economic efficiency", "operational efficiency", and "efficient service". The obtained results show that by overcoming the disadvantages of the Bitcoin system, and therefore of blockchain technology, we could be able to handle financial processes in a more efficient way than under the current system.

Abstract-This paper presents an agent-based artificial cryptocurrency market in which heterogeneous agents buy or sell cryptocurrencies, in particular Bitcoins. In this market, there are two typologies of agents, Random Traders and Chartists, which interact with each other by trading Bitcoins. Each agent is initially endowed with a finite amount of crypto and/or fiat cash and issues buy and sell orders, according to her strategy and resources. The number of Bitcoins increases over time with a rate proportional to the real one, even if the mining process is not explicitly modelled.The model proposed is able to reproduce some of the real statistical properties of the price absolute returns observed in the Bitcoin real market. In particular, it is able to reproduce the autocorrelation of the absolute returns, and their cumulative distribution function. The simulator has been implemented using object-oriented technology, and could be considered a valid starting point to study and analyse the cryptocurrency market and its future evolutions.

In January 3, 2009, Satoshi Nakamoto gave rise to the “Bitcoin Blockchain”, creating the first block of the chain hashing on his computer’s central processing unit (CPU). Since then, the hash calculations to mine Bitcoin have been getting more and more complex, and consequently the mining hardware evolved to adapt to this increasing difficulty. Three generations of mining hardware have followed the CPU’s generation. They are GPU’s, FPGA’s and ASIC’s generations. This work presents an agent-based artificial market model of the Bitcoin mining process and of the Bitcoin transactions. The goal of this work is to model the economy of the mining process, starting from GPU’s generation, the first with economic significance. The model reproduces some “stylized facts” found in real-time price series and some core aspects of the mining business. In particular, the computational experiments performed can reproduce the unit root property, the fat tail phenomenon and the volatility clustering of Bitcoin price series. In addition, under proper assumptions, they can reproduce the generation of Bitcoins, the hashing capability, the power consumption, and the mining hardware and electrical energy expenditures of the Bitcoin network.

In this paper, we present an analysis of the mining process of two popular assets, Bitcoin and gold. The analysis highlights that Bitcoin, more specifically its underlying technology, is a “safe haven” that allows facing the modern environmental challenges better than gold. Our analysis emphasizes that crypto-currencies systems have a social and economic impact much smaller than that of the traditional financial systems. We present an analysis of the several stages needed to produce an ounce of gold and an artificial agent-based market model simulating the Bitcoin mining process and allowing the quantification of Bitcoin mining costs. In this market model, miners validate the Bitcoin transactions using the proof of work as the consensus mechanism, get a reward in Bitcoins, sell a fraction of them to cover their expenses, and stay competitive in the market by buying and divesting hardware units and adjusting their expenses by turning off/on their machines according to the signals provided by a technical analysis indicator, the so-called relative strength index.

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Nowadays, Scrum is the most used Agile Methodology, while the Lean-Kanban approach is perhaps the fastest growing AM.\ud On the other hand, traditional, waterfall-like approaches are still very used in real-life software projects, due to the ease of up-front planning and budgeting, that however are seldom matched upon project completion.\ud In our opinion, more effort is needed to study and model the inner structure and behavior of these approaches,\ud highlighting positive and negative feedback loops that are strategic to understand their features, and to decide on their adoption.\ud In this paper we analyze the dynamic behavior of the adoption of Kanban and Scrum, versus a traditional software\ud development process such as the Waterfall approach.\ud We use a system dynamics model, based on the relationships between system variables, to assess the relative benefits of the studied approaches. The model is simulated using a commercial tool.\ud The proposed model visualizes the relationships among these software development processes, and can be used to study their relative advantages and disadvantages

Strategia 2 ''Creare opportunità di lavoro favorendo la competitività delle imprese'' Programma di intervento 3 ''Competitività delle imprese'' Bando ''Aiuti per progetti di ricerca e sviluppo.''

In this paper we present a blockchain based system for the supply chain management of a typical Italian bread. Goal of the system is to guarantee a transparent and auditable traceability of the Carasau bread in such a way that each actor of the supply chain can verify the quality of the products and the conformity to the normative about the hygienic-sanitary conditions along the chain. To realize this system we relied on the Blockchain and the Internet of Thing technologies in order to provide a trustless environment, in which trust is placed in cryptography, in mathematical operations and on the network, and not in public or private companies. Thanks to the use of digital technologies the system aims to reduce the data entry errors and the risk of tampering. Our system is designed in such a way that, along the supply chain, the nodes equipped with several sensors directly communicate their data to Raspberry Pi units that elaborate and transmit them to Interplanetary File System and to the Ethereum Blockchain. Furthermore, we designed ad hoc Radio Frequency Identification and Near Field communication tags to shortly supply the proposed system with information about the products and batches. The system will easily allow end consumers to have a transparent view on the whole journey from raw material to purchased final product and a supervisory authority to perform online inspections on the products' quality and on the good working practices.