Trust Impact on Blockchain &amp; Bitcoin Monetary Transaction

Miraz, Mahadi Hasan; Sharif, Kamal Imran Mohd; Hassan, Mohamad Ghozali; Hasan, Mohammad Tariq

doi:10.5373/jardcs/v12sp3/20201249

Cited by 9 publications

(9 citation statements)

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“…The last twenty years have seen a remarkably rapid rise in blockchain technology, from the first Bitcoin protocol (blockchain 1.0) and the advance to Ethereum (blockchain 2.0), already referred to as killer denominations (Blockchain 3.0) (Figure 7). As a result, the infrastructure has evolved from a simple database to a fully dispersed cloud storage network [111]. Ethereum's potential blockchain lies in developing blockchain technology from a database-only cryptocurrencies service to a more general infrastructure capable of operating multiple decentralization applications in various fields, such as financial services and any sector that could benefit from digital currencies.…”

Section: Blockchain Evolution and Structurementioning

confidence: 99%

Distributed Peer-to-Peer Energy Trading in Virtual Microgrids: A Blockchain Survey for Future Smart Grid

Binyamin

Sami

2022

Preprint

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Due to the apparent demands and constraints faced by energy systems operating in the market world, the Prosumer Energy trade strategy was selected as a potential opportunity for research and industries. Energy trading has expanded due to the availability of dispersed energy sources and power users who produce more electricity than they would otherwise and can profitably export their excess fuel. The energy trading system blends energy from various sources and effectively coordinates it to ensure stable and optimal usage of available resources and better facilities for energy users. Peer-to-peer (P2P) energy trading is a joint research topic that involves various managerial and technical challenges. This paper provides an overview of peer-to-peer energy exchange and how blockchain can be used to increase transparency and overall performance, including the degree of decentralization, scalability, and device reliability. A thorough examination of the Prosumer Smart Grid environment is explored and clarified. The energy sharing mechanism among consumers comprises two major components: information/digital technology and optimization techniques. Three blockchain-based energy sharing models have been proposed to overcome technical and market barriers to adopt this revolutionary technology. The paper further discusses open topics and possible future paths for peer-to-peer blockchain-based energy sharing.

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Section: Blockchain Evolution and Structurementioning

confidence: 99%

Distributed Peer-to-Peer Energy Trading in Virtual Microgrids: A Blockchain Survey for Future Smart Grid

Binyamin

Sami

2022

Preprint

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“…Bitcoin can transfer funds and change the currency’s owner. Prior and succeeding owners can be identified by their addresses [ 118 ]. The public and private keys produce the speech.…”

Section: Blockchain Application In Sg 20mentioning

confidence: 99%

Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0

Zafar

Sami

2022

Sensors

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The Energy Internet (EI) and Smart Grid 2.0 (SG 2.0) concepts are potential challenges in industry and research. The purpose of SG 2.0 and EI is to automate innovative power grid operations. To move from Distribution Network Operators (DSO) to consumer-centric distributed power grid management, the blockchain and smart contracts are applicable. Blockchain technology and integrated SGs will present challenges, limiting the deployment of Distributed Energy Resources (DERs). This review looks at the decentralization of the Smart Grid 2.0 using blockchain technology. Energy trading has increased due to access to distributed energy sources and electricity producers who can financially export surplus fuels. The energy trading system successfully combines energy from multiple sources to ensure consistent and optimal use of available resources and better facilities for energy users. Peer-to-peer (P2P) energy trading is a common field of study that presents some administrative and technical difficulties. This article provides a general overview of P2P energy exchange. It discusses how blockchain can improve transparency and overall performance, including the degree of decentralization, scalability, and device reliability. The research is extended to examine unresolved issues and potential directions for P2P blockchain-based energy sharing in the future. In fact, this paper also demonstrates the importance of blockchain in future smart grid activities and its blockchain-based applications. The study also briefly examines the issues associated with blockchain integration, ensuring the decentralized, secure and scalable operation of autonomous electric grids in the future.

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“…According to Mutegi (2018), the rise of cryptocurrencies will continue to have a positive impact on the e-commerce industry. Given the worldwide growth in popularity of the Internet of Things, the long-term viability of bitcoin appears to be assured (Miraz, 2020). The entire potential of cryptocurrencies, on the other hand, will only be realized once it has gained widespread acceptance.…”

Section: The Used Of Utaut Model In Initial Coinmentioning

confidence: 99%

The Used of UTAUT Model in Initial Coin Offerings: A Conceptual Paper

Ishak¹,

Hussain²,

Ayob³

et al. 2022

IJARBSS

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The previous studies on the uses of UTAUT model in the initial coin offerings have demonstrated that there is need for more empirical investigations and exploration of cryptocurrency because studies concentrating on individual intentions to embrace bitcoin are nearly non-existent in Malaysia. This study examines how the initial coin offering (cryptocurrency) can be used in UTAUT Mode. The study presents eight major attributes of UTAUT model that can be applied in cryptocurrency. These include performance expectancy, effort expectancy, social influence, facilitating conditions, hedonic motivation, price value, trust, and personal innovativeness.

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Trust Impact on Blockchain & Bitcoin Monetary Transaction

Cited by 9 publications

References 0 publications

Distributed Peer-to-Peer Energy Trading in Virtual Microgrids: A Blockchain Survey for Future Smart Grid

Distributed Peer-to-Peer Energy Trading in Virtual Microgrids: A Blockchain Survey for Future Smart Grid

Energy Internet Opportunities in Distributed Peer-to-Peer Energy Trading Reveal by Blockchain for Future Smart Grid 2.0

The Used of UTAUT Model in Initial Coin Offerings: A Conceptual Paper

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