Fintech Frontiers in Quantum Computing, Fractals, and Blockchain Distributed Ledger: Paradigm Shifts and Open Innovation

Mosteanu, Narcisa Roxana; Faccia, Alessio

doi:10.3390/joitmc7010019

Cited by 38 publications

(14 citation statements)

References 86 publications

(122 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The results of this study provide empirical evidence that the food industry, especially small food businesses, have benefited from FinTech adoption. FinTech helps the sustainability of the small food business, where FinTech itself is not only made by the large banking industry, but is an open innovation product from start-up companies that can become competitors for banks [76]. Therefore, from the perspective of open innovation, the food industry can currently be said to have adopted open innovation in its business.…”

Section: Fintech In Small Food Business and Its Relation With Open Inmentioning

confidence: 99%

FinTech in the Small Food Business and Its Relation with Open Innovation

Najib

Ermawati

Fahma

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

View full text Add to dashboard Cite

Small food businesses have difficulty accessing banks for financing. The growth of the sharing economy through financial technology (FinTech) makes it possible for small enterprises to receive access for credit. However, not all small business owners want to receive financing from FinTech companies. This study aims to analyze factors affecting FinTech adoption in small enterprises and its impact on business sustainability. The modified UTAUT 2 model was applied in this study. There were 184 small food business owners participating as respondents. To analyze the causal relationship between variables, Structural Equation Modeling (SEM) was implemented using a Partial Least square (SEM-PLS). The results of the research found that knowledge, safety perceptions, performance expectations, social influence, facilitation conditions and price values affect FinTech adoption by small food business owners. Moreover, FinTech adoption influences small food business sustainability. Several important recommendations for researchers, the FinTech industry and policy makers are formulated.

show abstract

“…Work verification uses a method that gives one participant the right to create blocks for the fastest computation of one-way hash algorithms. In order to speed up the operation of hash algorithms, however, more than a certain level of equipment is required, which consumes a lot of power [18][19][20][21].…”

Section: Blockchain Agreement Algorithm For Certificationmentioning

confidence: 99%

Blockchain Smart Contract to Prevent Forgery of Degree Certificates: Artificial Intelligence Consensus Algorithm

Kim

2022

Electronics

View full text Add to dashboard Cite

Certificates are often falsified, such as fake diplomas and forged transcripts. As such, many schools and educational institutions have begun to issue diplomas online. Although diplomas can be issued conveniently anytime, anywhere, there are many cases wherein diplomas are forged through hacking and forgery. This paper deals with the required Blockchain diploma. In addition, we use an automatic translation system, which incorporates natural language processing, to perform verification work that does not require an existing public certificate. The hash algorithm is used to authenticate security. This paper also proposes the use of these security protocols to provide more secure data protection. In addition, each transaction history, whether a diploma is true or not, may be different in length if it is presented in text, but converting it into a hash function means that it is always more than a certain length of SHA-512 or higher. It is then verified using the time stamp values. These chaining codes are designed. This paper also provides the necessary experimental environment. At least 10 nodes are constructed. Blockchain platform development applies and references Blockchain standardization, and a platform test, measurement test, and performance measurement test are conducted to assess the smart contract development and performance measurement. A total of 500 nodes were obtained by averaging 200 times, and a Blockchain-based diploma file was agreed upon at the same time. It shows performance information of about 4100 TPS. In addition, the analysis of artificial intelligence distribution diagram was conducted using a four-point method, and the distribution chart was evenly distributed, confirming the diploma with the highest similarity. The verified values were then analyzed. This paper proposes these natural language processing-based Blockchain algorithms.

show abstract

“…A novel (and significant) contribution is provided by analysing the case of e-procurement regarding blockchain applications and integration with AIS and ERP to fill this gap in the literature. E-procurement identifies how private companies and public administrations purchase goods and services from suppliers through the Internet [33][34][35][36][37][38]. The term e-procurement means all systems that-thanks to a set of rules and procedures that include various types of software and information technology-allow the procurement of goods and services through the Internet.…”

Section: Introductionmentioning

confidence: 99%

Blockchain, Enterprise Resource Planning (ERP) and Accounting Information Systems (AIS): Research on e-Procurement and System Integration

Faccia

Petratos

2021

Applied Sciences

Self Cite

View full text Add to dashboard Cite

Accounting information systems (AISs), the core module of any enterprise resource planning (ERP) system, are usually designed as centralised systems. Nowadays, the continuous development and applications of blockchain, or more broadly—distributed ledger technology (DLT), can change the architecture, overcome and improve some limitations of centralised systems, most notably security and privacy. An increasing number of authors are suggesting the application of blockchain technologies in management, accounting and ERPs. This paper aims to examine the emerging literature on this field, and an immediate result is that blockchain applications can have significant benefits. The paper’s innovative contribution and considerable objective are to examine if blockchain can be successfully integrated with AIS and ERPs. We find that blockchain can facilitate integration at multiple levels and better serve various purposes as auditing compliance. To demonstrate that, we analyse e-procurement systems and operations using case study research methodology. The findings suggest that DLT, decentralised finance (DeFI), and financial technology (FinTech) applications can facilitate integrating AISs and ERP systems and yield significant benefits for efficiency, productivity and security.

show abstract

“…It has been demonstrated (Moşteanu et al, 2020) [7] that the bank of the future, according to the needs of consumers, is characterized by the speed in carrying out operations and greater transparency of investments, flexible opening hours, and availability up to the possibility of carrying out any activity from mobile. Similar wishes characterize the insurance company of the future: consumers want speed from the company in solving problems and settling claims, simplicity, and transparency in signing policies and responding to complaints, but also 24/7 availability and the ability to do everything remotely.…”

Section: Introductionmentioning

confidence: 99%

Online Banking in Italy. “Widiba Bank” Case Study, PESTLE and DEA Analysis

Faccia

Cavaliere

2021

FMIR

Self Cite

View full text Add to dashboard Cite

Given the great interest and impact generated by the previous article on the “Widiba Bank” case study published in this journal, the authors intend now to provide more insights on the analysis of the current Italian framework. A PESTLE analysis is therefore carried out to identify the main financial and environmental alternative strategies. The object of research is the chosen company Widiba Bank because, despite being a latecomer in the Italian online banking industry, its success demonstrated the importance of the adoption of targeted strategies in the digitized world. The performed analysis PESTLE allowed to provide many insights from different perspectives. The paper then confirmed the analyses by comparing the last 5 years’ performances (measured by the ROE ratio and Deposits Growth as Inputs, and Assets Growth as an Output) of the Italian Online Banking industry (average of the years 2016-2019). The data are retrieved from the Italian Public Registry of Incorporated Companies (managed by the Italian Chambers of Commerce) and processed using the DEA SOLVER software. This article strategically enhanced the knowledge of a previous one focused on the same bank by providing different perspectives and, therefore, a comprehensive view of the Widiba bank case study. It, therefore, aims at producing useful resources for business schools, practitioners, and experts.

show abstract

“…Blockchain is a horizontal and connected technology, which can promote interconnection among various industries and fields and the development of other technologies [ 5 , 6 ]. Xu et al [ 7 ] proposed a social-credit-investigation system based on blockchain technology, which enabled smart contracts for identity verification and authorization.…”

Section: Introductionmentioning

confidence: 99%

Privacy-Protection Scheme of a Credit-Investigation System Based on Blockchain

Yuan

Yan

Xiao

et al. 2021

Entropy

View full text Add to dashboard Cite

In response to the rapid growth of credit-investigation data, data redundancy among credit-investigation agencies, privacy leakages of credit-investigation data subjects, and data security risks have been reported. This study proposes a privacy-protection scheme for a credit-investigation system based on blockchain technology, which realizes the secure sharing of credit-investigation data among multiple entities such as credit-investigation users, credit-investigation agencies, and cloud service providers. This scheme is based on blockchain technology to solve the problem of islanding of credit-investigation data and is based on zero-knowledge-proof technology, which works by submitting a proof to the smart contract to achieve anonymous identity authentication, ensuring that the identity privacy of credit-investigation users is not disclosed; this scheme is also based on searchable-symmetric-encryption technology to realize the retrieval of the ciphertext of the credit-investigation data. A security analysis showed that this scheme guarantees the confidentiality, the availability, the tamper-proofability, and the ciphertext searchability of credit-investigation data, as well as the fairness and anonymity of identity authentication in the credit-investigation data query. An efficiency analysis showed that, compared with similar identity-authentication schemes, the proof key of this scheme is smaller, and the verification time is shorter. Compared with similar ciphertext-retrieval schemes, the time for this scheme to generate indexes and trapdoors and return search results is significantly shorter.

show abstract

Fintech Frontiers in Quantum Computing, Fractals, and Blockchain Distributed Ledger: Paradigm Shifts and Open Innovation

Cited by 38 publications

References 86 publications

FinTech in the Small Food Business and Its Relation with Open Innovation

Blockchain Smart Contract to Prevent Forgery of Degree Certificates: Artificial Intelligence Consensus Algorithm

Blockchain, Enterprise Resource Planning (ERP) and Accounting Information Systems (AIS): Research on e-Procurement and System Integration

Online Banking in Italy. “Widiba Bank” Case Study, PESTLE and DEA Analysis

Privacy-Protection Scheme of a Credit-Investigation System Based on Blockchain

Contact Info

Product

Resources

About