From Bitcoin to cybersecurity: A comparative study of blockchain application and security issues

Dai, Fangfang; Shi, Yue; Meng, Nan; Wei, Liang; Ye, Zhiguo

doi:10.1109/icsai.2017.8248427

Cited by 100 publications

(40 citation statements)

References 4 publications

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“…Fang Dai et al (2018) stated that crypto-currency is a digital payments which is based on decentralized distributed database system for data management solutions. The researchers also emphasized that this is one of the most trustable technology which are providing security, anonymity and data integrity without the need of any third party.…”

Section: Related Workmentioning

confidence: 99%

Critical Review: Current Research Issues on Crypto-currency and its Application in Financial Sectors

Hin¹

2020

IJBM

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This research article is based on the current research issues on crypto-currency and its application in financial sectors. The researcher stated that crypto- currency attracted a significant attention and has been adopted in numerous applications, such as smart grid and Internet of Things (IoT) have a high scalability barrier for block-chain which limits its ability to support services with frequent transactions. In this research paper the researcher emphasized that some of the significant research issues on decentralized, peer to peer financial networks face risks such as fraud and suspicious trading, volatile price fluctuations, regularity uncertainty, and instability in financial sectors. This research study shows the huge growth of online users, virtual word concept which are created a new business phenomenon to facilitate financial activities such as buying, selling and trading. This research article analyzed the user’s expectation of future of crypto-currency in financial sectors at different significant level. In addition to this the researcher also discussed a statistical report which is adopted from the Statistic to provide a future direction of money regulatory in financial sector.

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Section: Related Workmentioning

confidence: 99%

Critical Review: Current Research Issues on Crypto-currency and its Application in Financial Sectors

Hin¹

2020

IJBM

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“…Namecoin was also the first solution to zooko's triangle producing a naming system that is simultaneously secure, decentralized, and human-meaningful. Namecoin suffers from 51 % attacks [17], because of its insufficient computing power. Blockstack uses the existing internet transport layer (TCP or UDP) and underlying communication protocols and focuses on removing points of cen-tralization that exist at the application layer.…”

Section: Related Workmentioning

confidence: 99%

Secure Peer-to-Peer Communication Based on Blockchain

Khacef

Pujolle

2019

Advances in Intelligent Systems and Computing

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Nowadays, electronic messaging is the most used network application, and the authentication between users is a vital property. The most commonly employed approaches to ensure this property are PKI and S/MIME email encryption protocols, but indeed they are facing multiples security threats, such as the MITM attack and EFAIL attack. The blockchain is an innovative technology that overcomes these threats and allows to decentralize sensitive operations while preserving a high level of security. It eliminates the need for trusted intermediaries. The blockchain is accessible to all network nodes and keeps track of all transactions already made. The goal of our work is to propose a secure messaging solution based on the blockchain technology. In this paper, we explain why blockchain would make communications more secure, and we propose a model design for blockchain-based messaging maintaining the performance and security of data recorded on the blockchain, using a smart contract to verify the identities and their associated public keys, and validate the users certificate. The system is entirely decentralized and allows users to exchange messages securely.

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“…To the best of our knowledge there have been very limited systematic literature reviews in existence. We have refereed [16][17][18][19][20][21] as a basic framework to provide our survey. In 2016, authors conducted SLR on use case and application of blockchain in IOT systems [16].An SLR on general concept of blockchain technology is presented in [17].…”

Section: A Prior Researchmentioning

confidence: 99%

“…An SLR shown in [18] presented the use of blockchain in service industry. In [19], author analyses advantages and limitations of blockchain with respect to four major security issues. A comprehensive review of current blockchain ways for security services in centralized design is provided in [20].…”

Section: A Prior Researchmentioning

confidence: 99%

Security Issues in Blockchain based Applications

Jain¹

2019

IJEAT

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Data security is the key to the development of modern internet technology. By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. It allows storage of all transactions into immutable records and every record distributed across many participant’s nodes. As there is huge increase in the use cases for blockchain technology, nowadays, the primary issue is to enable secure data sharing, data integrity and authentication. The goal of this study paper is to provide a systematic literature survey exploring the use of blockchain as a base technology for securing financial as well as non-financial applications. The purpose is to identify the whether blockchain technology is capable to provide the desired security solutions in various application. The advantages, challenges and the solution provided by previous research is discussed. The survey was focused on various security issues like Confidentiality, Integrity, Availability, Authenticity, Accountability, and Reliability. The study shows that the Blockchain technology is prospective for financial and non-financial services since it can provide solutions for majority of security issues. Future research needs to provide the implementations of desired solutions discussed in security challenges of Blockchain technology

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From Bitcoin to cybersecurity: A comparative study of blockchain application and security issues

Cited by 100 publications

References 4 publications

Critical Review: Current Research Issues on Crypto-currency and its Application in Financial Sectors

Critical Review: Current Research Issues on Crypto-currency and its Application in Financial Sectors

Secure Peer-to-Peer Communication Based on Blockchain

Security Issues in Blockchain based Applications

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