Beyond Bitcoin: using blockchain technology to provide assurance in the commercial world

Mansfield-Devine, Steve

doi:10.1016/s1361-3723(17)30042-8

Cited by 80 publications

(46 citation statements)

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“…The blockchain technology serves as a trust-based platform between plastic waste segregators, recyclers, and recycled feedstock buyers (manufacturers). The blockchain network has distributed, but not copied, digital information (Adebiyi-Abiola et al 2019;Crosby et al 2016;Drescher 2017;Kouhizadeh and Sarkis 2018;Kouhizadeh et al 2019;Mansfield-Devine 2017;Romano and Schmid 2017;Sekhri 2018;Wang and Qu 2019). This digital information is validated by various partners during each transaction.…”

Section: Blockchain Smart Contractsmentioning

confidence: 99%

From Trash to Cash: How Blockchain and Multi-Sensor-Driven Artificial Intelligence Can Transform Circular Economy of Plastic Waste?

Chidepatil¹,

Bindra²,

Kulkarni³

et al. 2020

Administrative Sciences

121

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Virgin polymers based on petrochemical feedstock are mainly preferred by most plastic goods manufacturers instead of recycled plastic feedstock. Major reason for this is the lack of reliable information about the quality, suitability, and availability of recycled plastics, which is partly due to lack of proper segregation techniques. In this paper, we present our ongoing efforts to segregate plastics based on its types and improve the reliability of information about recycled plastics using the first-of-its-kind blockchain smart contracts powered by multi-sensor data-fusion algorithms using artificial intelligence. We have demonstrated how different data-fusion modes can be employed to retrieve various physico-chemical parameters of plastic waste for accurate segregation. We have discussed how these smart tools help in efficiently segregating commingled plastics and can be reliably used in the circular economy of plastic. Using these tools, segregators, recyclers, and manufacturers can reliably share data, plan the supply chain, execute purchase orders, and hence, finally increase the use of recycled plastic feedstock.

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Section: Blockchain Smart Contractsmentioning

confidence: 99%

From Trash to Cash: How Blockchain and Multi-Sensor-Driven Artificial Intelligence Can Transform Circular Economy of Plastic Waste?

Chidepatil¹,

Bindra²,

Kulkarni³

et al. 2020

Administrative Sciences

121

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“…In 2008, Nakamoto [26] conceived blockchain as a distributed digital ledger for Bitcoin transactions [3,5]. Since these modest conceptual beginnings, researchers and practitioners have added various features, and developed blockchain-based solutions for cross-organizational workflow management [14], supply chain records [17,25], security and privacy in the context of the Internet of Things [10,32], finance and assurance [21], social business [33], and governmental services, as for example in Estonia [24] and Dubai [1].…”

Section: Blockchainmentioning

confidence: 99%

How to Develop a GDPR-Compliant Blockchain Solution for Cross-Organizational Workflow Management: Evidence from the German Asylum Procedure

Guggenmos¹,

Lockl²,

Rieger³

et al. 2020

Proceedings of the Annual Hawaii International Conference on System Sciences

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Blockchain technology has the potential to resolve trust concerns in cross-organizational workflows and to reduce reliance on paper-based documents as trust anchors. Although these prospects are real, so is regulatory uncertainty. In particular, the reconciliation of blockchain with Europe's General Data Protection Regulation (GDPR) is proving to be a significant challenge. We tackled this challenge with the German Federal Office for Migration and Refugees. Here, we explain how we used Action Research to guide the Federal Office in creating a GDPR-compliant blockchain solution for the German asylum procedure. Moreover, we explain the architecture of the Federal Office's solution and present two design principles for developing GDPRcompliant blockchain solutions for crossorganizational workflow management.

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“…The digital ledger to record transactions of encrypted money publicly to transfer the ownership of Bitcoin also starts from a genesis block. The chain containing an individual block contains information of the previous block and Blockchain, which means that all transaction information starts from storage and management by distribution into various nodes (Figure 2 [10][11][12] produced with encrypted technology to prevent forgery. The digital ledger to record transactions of encrypted money publicly to transfer the ownership of Bitcoin also starts from a genesis block.…”

Section: Blockchainmentioning

confidence: 99%

A Study on the Improvement of Smart Grid Security Performance and Blockchain Smart Grid Perspective

Kim

Huh

2018

Energies

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Interest in green energy has increased worldwide. Therefore, smart grid projects to form a more efficient and eco-friendly intelligent grid by combining information technology (IT) technology with the existing grid are actively being conducted. In Korea, a national-level smart grid project road map has been confirmed, and an action plan has been prepared. Despite such actions, there may appear various threat scenarios in the application of the IT to the grid as a reverse function. Security technology is a measure to respond to such threats effectively. The security technology of a smart grid is an important factor that is directly related to the success or failure of the smart grid project. A smart grid is a new type of next-generation grid born of the fusion with IT. If the smart grid, the backbone of the power supply, is damaged by a cyberattack, it may cause huge damage, such as a nationwide power outage. In fact, there is an increasing cyberattack threat, and the cyber security threat to the smart grid is not insignificant. Furthermore, the legal system related to information protection is also important in order to support it systematically. In this paper, the necessity of the smart grid is examined, and the industry's initiative toward the smart grid security threat and threat response is examined. In this paper, we also suggest a security plan of applying Rainbowchain, the Blockchain technology, to the smart grid and energy exchange. We propose achieving superior performance and security functions by using Rainbowchain, which contains seven authentication techniques among existing Blockchain technologies, and propose the ecosystem and architecture necessary for its application. Figure 1. Diagram of smart grid.It applies a differentiated power rate system by power supply and demand condition in order to distribute power consumption. It also shows the usage and power rate in real time in order to induce consumers to save energy voluntarily. The power producer can also enhance the stability of the grid and reduce costs through remote automatic metering. As such, it increases operational efficiency and reduces the investment of the power plant due to the reduction of the maximum power demand. Consumers may charge power to the energy storage device during the time when the power rate is low. Conversely, they sell electricity at times when demand is high. As such, they become prosumers.In the first power layer, the distributed power source system connection and intelligence transmission system development take attention. The intelligent transmission network contains an intelligent power device, such as a smart meter to control the transmission network efficiently through the automatic restoration function by the grid operator, and it is expected that a distributed transmission network and distributed power to the customer system, a high-pressure direct current transmission system (HVDC3), a flexible transmission system (FACTS), and an auto recovery function will be introduced. In the second communication layer, ...

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Beyond Bitcoin: using blockchain technology to provide assurance in the commercial world

Cited by 80 publications

References 0 publications

From Trash to Cash: How Blockchain and Multi-Sensor-Driven Artificial Intelligence Can Transform Circular Economy of Plastic Waste?

From Trash to Cash: How Blockchain and Multi-Sensor-Driven Artificial Intelligence Can Transform Circular Economy of Plastic Waste?

How to Develop a GDPR-Compliant Blockchain Solution for Cross-Organizational Workflow Management: Evidence from the German Asylum Procedure

A Study on the Improvement of Smart Grid Security Performance and Blockchain Smart Grid Perspective

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