What Blockchain Alternative Do You Need?

Koens, Tommy; Poll, Erik

doi:10.1007/978-3-030-00305-0_9

Cited by 61 publications

(46 citation statements)

References 15 publications

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“…Blockchain is a special research topic that deserves a thorough evaluation because of its fast‐growing popularity among researchers, businesses, and clients who are trying to solve numerous security problems using blockchain. Recently, the research community has been highlighting blockchain's failure to meet all needs and have started proposing decision schemes that differentiate whether or not blockchain is suitable for a selected application. These decision schemes are still not consistent among themselves.…”

Section: Resultsmentioning

confidence: 99%

Blockchain: Trends and future opportunities

Zeadally

Abdo

2019

Internet Technology Letters

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Blockchain has been receiving considerable attention from the research community lately. Several research efforts have proposed the use of blockchain in many application domains. Not all of these application areas have received the same level of blockchain attention however and, for some of the applications, blockchain investigation has even stopped. Blockchain has the ability to shape the future, but not in all applications and topics. We explored those application areas that have not received much blockchain attention so that we can focus more on the application domains that have strong potential to reach the customer and have a high impact on the market. Based on our quantitative evaluation of blockchain applications and topics, we recommend those that need further investigation and implementation.

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Section: Resultsmentioning

confidence: 99%

Blockchain: Trends and future opportunities

Zeadally

Abdo

2019

Internet Technology Letters

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“…Extant literature describes various evaluation methods for DLT use cases considering different perspectives and granularity [6], [3]. For instance, a decision tree diagram is amongst others used in [6] to evaluate the right type of database for a specific use case from a technical perspective and in [18] to assess if DLT is useful for a certain problem based on technical and business criteria. In another example, guidelines for a structured workshop are presented as a method for developing DLT use cases [5].…”

Section: Research Background and Methodsmentioning

confidence: 99%

“…To tackle this challenge, various DLT use case evaluation methods were introduced recently [6]. However, none of the analyzed methods is specifically tailored to the needs and accuracy we identified as required within banks.…”

Section: Introductionmentioning

confidence: 99%

Distributed Ledger Technology in the Banking Sector: A Method for the Evaluation of Use Cases

Buchinger¹,

Balta²,

Krcmar³

2020

WI2020 Zentrale Tracks

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Distributed ledger technology (DLT) is seen as an opportunity for the banking sector with high potential to achieve complexity reduction, cost savings, and further benefits in diverse processes. These high expectations and a limited technology know-how lead to bank internal challenges during the selection of suitable use cases for DLT. We apply Design Science Research (DSR) to address this challenge by developing a method for evaluating the business needs and the feasibility of deploying DLT in a certain use case in the banking sector. Devised using the letter of credit (LC) process as reference, our results suggest that various requirements and beside bank internal also external parties should be included in the evaluation. This implicates, that a more detailed study is needed on including external stakeholders in use case evaluation. Our method can be customized and applied as a structured evaluation approach in the banking sector.

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“…1. Other such similar models have been proposed [27], [28]. This model was found more suitable as it provides a detailed description of the decisions leaving less room for misinterpretation.…”

Section: Blockchain Decision Modelmentioning

confidence: 99%

A Blockchain based Mobile Money Interoperability Scheme

Mvula¹,

Phiri²,

Tembo³

2020

IJACSA

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Developing Countries in Africa in general and Zambia in particular, have seen a rapid rise in use of mobile payment platforms. This has not only revolutionized access to finance for the poor but also allowed them access to other financial products such as savings or insurance. With a growing number of mobile money providers in Zambia, there is need for a solution that would enable integration of the mobile money provider's systems using a central clearinghouse for purposes of clearing and settlement to achieve mobile money interoperability. In this study, we first reviewed the technical landscape and features of mobile payment systems in Zambia and then assessed the feasibility of using blockchain technology in proposing a settlement and clearing system that would facilitate mobile money interoperability. A prototype system was then designed in which amounts being interchanged between providers are managed as assets on a permissioned blockchain. The system runs a distributed shared ledger, which provides nonrepudiation, data privacy and data origin authentication, by leveraging the consistency features of blockchain technology.

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What Blockchain Alternative Do You Need?

Cited by 61 publications

References 15 publications

Blockchain: Trends and future opportunities

Blockchain: Trends and future opportunities

Distributed Ledger Technology in the Banking Sector: A Method for the Evaluation of Use Cases

A Blockchain based Mobile Money Interoperability Scheme

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