A resilient micro-payment infrastructure: an approach based on blockchain technology

Youssef, Soumaya Bel Hadj; Boudriga, Noureddine

doi:10.48129/kjs.v49i1.10578

Cited by 2 publications

(1 citation statement)

References 33 publications

(56 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…A group of scientists [7][8][9] examines the peculiarities of forming a micropayment infrastructure based on blockchain technology, studies the possibilities of using payment tools to create programmed money and increase the energy efficiency of the payment infrastructure. The authors of the study [7] believe that sustainable micropayment infrastructures are critical assets for the digital economy as they help secure transactions and facilitate micropurchases. Scientists will propose a micropayment infrastructure based on the blockchain technology, which is able to reduce the complexity of transaction verification, reduce losses and protect against various cyber-attacks.…”

Section: Literature Reviewmentioning

confidence: 99%

The Role of Digitalization of the Payment Infrastructure in Ensuring the Economic Security of the State Under the Conditions of Social and Political Shocks

Dubyna,

Panchenko,

Shpomer

et al. 2024

IJSDP

View full text Add to dashboard Cite

The article attempts to justify the importance of ensuring the stable development of the payment infrastructure in crisis conditions, which are formed by unpredictable and turbulent processes in the development of the financial system. It was determined that in the modern conditions of active digitization of the activities of financial institutions, their leading role in making settlements between economic entities, the emergence of destructive processes in the functioning of these institutions may have a negative impact on the functioning of the national economy, the state of its economic security, especially as a result of complex political and social events in the country. During the research, a range of general and special research methods were used, among which content analysis, statistical methods, and methods of generalization and abstraction played an important role. The article describes the theoretical provisions of the influence of the payment infrastructure on the state of economic security of the country, substantiates the main transformational processes that are taking place with such infrastructure today as a result of the development of information and communication technologies. To confirm the formulated theoretical provisions, the case of Ukraine was considered as a country that periodically finds itself in difficult sociopolitical conditions of its own functioning, and today the war with the Russian Federation has already led to colossal economic losses and a significant decrease in the level of economic security. In this way, the macroeconomic development of Ukraine during 2010-2022 was analyzed. Important attention is focused on the analysis of the state of the payment infrastructure in the country, how its development changed during the outlined period, and what transformations took place in its functioning since the beginning of Russia's military aggression against Ukraine. The results of the study made it possible to confirm the assumption about the important role of the payment infrastructure in ensuring the economic security of the country and the importance of ensuring the stable functioning of such infrastructure even in difficult political, social and economic conditions. It was also established that in the era of the development of the digital economy, it is the payment infrastructure that can minimize the destructive consequences of turbulent economic processes and ensure the availability of financial services.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

The Role of Digitalization of the Payment Infrastructure in Ensuring the Economic Security of the State Under the Conditions of Social and Political Shocks

Dubyna,

Panchenko,

Shpomer

et al. 2024

IJSDP

View full text Add to dashboard Cite

show abstract

A Blockchain-Based Continuous Micropayment Scheme Using Lockable Signature

et al. 2023

View full text Add to dashboard Cite

A blockchain-oriented continuous micropayment system forms an integral element of the digital economy, enabling seamless transactions and encouraging minor purchases. However, due to the inherent throughput constraints of blockchain, payment channels (PCs) are customarily deployed for managing high-volume transactions in an off-chain mode. Despite this, the integration of a PC necessitates a trusted intermediary to safeguard transactional security, thereby imposing an extra security assumption as only the initial and concluding transactions are visible to other system participants. To circumvent this limitation, we introduce an innovative micropayment structure utilizing lockable signatures. Each transaction within the PC coalesces into a continuous microtransaction hash-chain (CMHC), precluding unscrupulous users from accessing transactional data during the process. Additionally, all locks within the CMHC remain concealed throughout the transaction, with all information relayed in a tamper-proof manner. We provide a comprehensive security analysis and perform a gamut of evaluations. Empirical evidence indicates that our proposed system outperforms existing state-of-the-art solutions in transaction time and verification expenses. This lockable signature-dependent micropayment system not only ensures robust security but also enhances transactional speed and efficiency, thereby catalyzing the growth of the digital economy.

show abstract

A resilient micro-payment infrastructure: an approach based on blockchain technology

Cited by 2 publications

References 33 publications

The Role of Digitalization of the Payment Infrastructure in Ensuring the Economic Security of the State Under the Conditions of Social and Political Shocks

The Role of Digitalization of the Payment Infrastructure in Ensuring the Economic Security of the State Under the Conditions of Social and Political Shocks

A Blockchain-Based Continuous Micropayment Scheme Using Lockable Signature

Contact Info

Product

Resources

About