The role of block chain technology and Internet of Things (IoT) to protect financial transactions in crypto currency market

Ahamad, Shahanawaj; Gupta, Priti; Acharjee, Purnendu Bikash; P, Kiran K; Khan, Zarrarahmed Z; Hasan, Mohammed Faez

doi:10.1016/j.matpr.2021.11.405

Cited by 16 publications

(13 citation statements)

References 11 publications

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“…Blockchain technology establishes trust and harmony in any given direct communication between two parties without the involvement of a third party. Therefore, using this technology, participants can confirm transactions without the intervention of a central clearing authority (Ahamad et al, 2021). Blockchain technology has various applications.…”

Section: Applications Of the Blockchain Technology (Cryptocurrencies ...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…In today's technological era, the Internet of Things (IoT) is an ever-increasingly popular technology that has evolved with ubiquitous computing (Ahamad et al, 2021). Smart homes, smart cities, and smart transportation examples of IoT applications that have improved people's lives (Ahamad et al, 2021). The Global Standards Initiative in 2013 analyzed the possibility of integrating information sharing among several functions and activities and came up with the concept of the IoT, with a clarification that "thing" is an object of either the physical world (physical things) or the information world (virtual things), which is capable of being identified and integrated into communication networks (Kiran 2019).…”

Section: Introductionmentioning

confidence: 99%

“…The IoT then allows virtual and physical items to link and communicate with one another, resulting in the creation of new digitized services (Ahamad et al, 2021). However, this data is not encrypted and does not provide privacy (Ahamad et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

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Central Bank Digital Currencies, Internet of Things, and Islamic Finance: Blockchain Prospects and Challenges

Alansari

Aysan

2022

SSRN Journal

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Section: Applications Of the Blockchain Technology (Cryptocurrencies ...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Central Bank Digital Currencies, Internet of Things, and Islamic Finance: Blockchain Prospects and Challenges

Alansari

Aysan

2022

SSRN Journal

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“…With IoT, even stand-alone products can be smart and linked, and materials can be tracked. IoT also helps collect and manage waste from end-of-life products ( Ahamad et al, 2021 ). Reuse, remanufacturing, and recycling are all made possible as a result.…”

Section: Introductionmentioning

confidence: 99%

Modeling and Analyzing the Impact of the Internet of Things-Based Industry 4.0 on Circular Economy Practices for Sustainable Development: Evidence From the Food Processing Industry of China

Sun

Wang

2022

Front. Psychol.

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The Industry 4.0 concept proposes that new cutting-edge technologies, such as the Internet of Things (IoT), will grow. The acceptance of IoT in the circular economy (CE) is still in its infancy, despite its enormous potential. In the face of growing environmental affairs, IoT based Industry 4.0 technologies are altering CE practices and existing business models, according to the World Economic Forum. This research investigates the function of IoT-based Industry 4.0 in circular CE practices, as well as their impact on economic and environmental performance, which in turn influences overall organizational performance. China-based enterprises provide information for the study, which includes data from 300 companies. Utilizing a structural equation modeling framework known as partial least squares structural equation modeling (PLS-SEM). The major findings are presented in the study: (I) the IoT significantly improves the activities of the CE; (II) the IoT significantly improves the practices of the CE; and (III) the IoT meaningfully advances the practices of CE (green manufacturing, circular design, remanufacturing, and recycling). Moreover, the findings shows that environmentally friendly business practices help enhance environmental performance of firm, while also stimulating their economic performance; and improved environmental performance has a significant positive influence on firm performance. This research lays the groundwork for contributing nations/companies to attain economic and long-term sustainability goals at the same time by incorporating IoT-based Industry 4.0 technology into CE practices.

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Fabrication of Flexible Role-Based Access Control Based on Blockchain for Internet of Things Use Cases

Zaidi,

Usman,

Aftab

et al. 2023

IEEE Access

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The Internet of Things (IoT) connects many objects and allows continuous communication and data sharing has emerged as a revolutionary technology. However, expanding IoT devices has raised concerns regarding data security and access control. Traditional access control mechanisms face challenges in managing access rights, particularly in scenarios where multiple users with the same roles try to access several resources which may lead to conflicting roles. Additionally, there is also an overhead of system performance using traditional approaches. In existing studies, the main problem of conflict roles is not addressed or not even identified appropriately. This paper proposes a framework to address these challenges using blockchain technology and role-based access control with a smart contract implementation on the hyperledger fabric framework. The proposed methodology introduces a role management system that resolves conflicts based on predefined rules and user preferences. It employs a consensus mechanism to determine access permissions, ensuring fairness and accountability. The findings demonstrate that applying the suggested framework eliminates conflicting problems, improves system security and also provides better results in response times of twelve seconds on average for thirty-five concurrent user requests. It also provides a secure and transparent access control framework which improves response time and provides security based on roles.

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The role of block chain technology and Internet of Things (IoT) to protect financial transactions in crypto currency market

Cited by 16 publications

References 11 publications

Central Bank Digital Currencies, Internet of Things, and Islamic Finance: Blockchain Prospects and Challenges

Central Bank Digital Currencies, Internet of Things, and Islamic Finance: Blockchain Prospects and Challenges

Modeling and Analyzing the Impact of the Internet of Things-Based Industry 4.0 on Circular Economy Practices for Sustainable Development: Evidence From the Food Processing Industry of China

Fabrication of Flexible Role-Based Access Control Based on Blockchain for Internet of Things Use Cases

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