Distributed ledgers provide many advantages over centralized solutions in IoT projects including but not limited to improved security, transparency and fault tolerance. However, in order to leverage them at scale, their well-known limitations, i.e., scalability and performance, should be adequately addressed. DAG-based distributed ledgers have been proposed to tackle the performance and scalability issues by design. The first among them, IOTA, has shown promising signs in terms of scalability and performability. In this thesis, we first conduct a comprehensive literature review on both distributed ledger technology applications in IoT and the performance evaluation of such decentralized systems. Then we present a detailed technical overview of IOTA, following a contractive review of different DAG-based distributed ledger technologies. Next, we propose a scalable transactive smart homes infrastructure by leveraging IOTA protocol and following the separation of concerns (SOC) design principle. Based on the proposed solution, an experiment with 40 home nodes is conducted to prove the concept at large scale in a cloud environment. The results show that our solution provides a high transaction speed and scalability, as well as good performance on micropayment which is important in IoT initiatives. We conduct an analysis and discuss how the new system breaks out the Blockchain Trilemma, which claims that it is almost impossible for a blockchain platform to simultaneously reach decentralization, scalability and security. Based on our findings on scalability and performance, we conclude that the proposed DAG-based distributed ledger is an effective solution for building an IoT infrastructure for smart communities, in which local residents can freely and securely transfer values. Finally, we rigorously study the performance of the ledger to examine its applicability for IoT projects in which a high throughput is required. More specifically, we investigate the IOTA system to answer two key research questions: 1) what is the confirmation rate in the system given the design parameters and 2) what will be the optimal waiting time for a user to resend its previously submitted but not yet confirmed transaction to the ledger? In order to answer these vital questions, we perform real experimentation, simulation and analytical modeling. Our findings reveal the impact of arrival rate of transactions, consensus algorithm, randomness of the weighted random walk for tip selection and network delay on the confirmation rate. By decomposing the transaction confirmations in each graph layer, we build an analytical layered model. Thanks to the analytical modeling, we shed some light on the distribution of confirmation process, which is leveraged to calculate the optimal time for resending the unconfirmed transaction to the distributed ledger. Our performance model can be used by IoT project designers to perform what-if analysis and capacity planning in advance of the real deployments, with high level of accuracy.
Jan 1, 2019·Proceedings of the ... Annual Hawaii International Conference on System Sciences/Proceedings of the Annual Hawaii International Conference on System Sciences
Petra Maria Asprion, Philipp Hübner, Pascal Moriggl
Interoperability and traceability of digital supply chains are becoming a major competitive factor. Businesses operating in supply chains need to share interoperable information and systematically track product and service deliveries. This research investigates a novel approach to model digital supply chains and operationalizes this through a "Distributed Ledger System" in combination with "Smart Contracts". Based on design science, relevance and rigor for a novel approach are derived. As resulting ‘artifacts’, exemplary supply chains using colored Petri-nets are modeled as a structured and automatable instance for the sketched ‘Token-flow Supply Chains’. For the operation of our visionary scenario, a baseline concept with an associated architecture is drafted. We argue that the outlined approach and related artifacts are predestined to achieve a new quality of performance and innovation including bridging the current challenges for digital supply chains.
Distributed ledger technology has seen its debut into communities of practice in healthcare where the reliance on knowledge sharing between participants postulates the foundations of secure and distributed knowledge, especially in some sensitive context, such as patient information. This knowledge is essential for the practice of care from patient contact to research, pharmaceutical supply chain, medication adherence and management of the plethora of bedside data into a collection of knowledge about the patient, essential to quality care. We introduce different schools of thought and implementation contexts of the distributed ledger technology or Blockchain. We provide an overview of Blockchain and Distributed Ledger Technology, focused on the Healthcare industry, as an initial assessment of the validity of an application of Distributed Ledger Technology in a specific knowledge management model to solve problems related to knowledge sharing in medical knowledge management systems. The paper summarizes some instances of most likely and unlikely uses of Blockchain in the healthcare setting. The paper also introduces a few use cases where some short-term benefits from such implementation.
This study explores the transformative potential of blockchain technology in revolutionizing marketing practices. With the rise of digital marketing and concerns about privacy, transparency, and efficiency, blockchain offers solutions to these challenges. By leveraging the decentralized and immutable nature of distributed ledgers, marketers can establish trust, enhance security, and foster transparency throughout the advertising supply chain. This research examines various applications of blockchain in marketing, such as verifying ad impressions, combating ad fraud, ensuring data integrity, and optimizing customer reward programs. Through these use cases, blockchain demonstrates its ability to reshape marketing, paving the way for a more accountable, secure, and efficient future.
Zhiyi Zhang, Vishrant Vasavada, Randy King, Lixia Zhang
Over the last few years, blockchain-based technologies have flourished in many application areas. One of them is the creation of distributed ledgers where records of immutable objects are widely replicated for both transparency and availability. However, the Proof-of-Work (PoW) approach, a popular gating control that determines who can add new records into a ledger, is deemed infeasible for IoT devices with resource constraints.
Objective: This exploratory study examines how distributed ledger technologies could be used within the plasma derivatives supply chain. The plasma derivatives are used increasingly in the pharmaceutical market and the supply chain is global. However, there are significant risks relating to the governance of the supply. The risks include unclear origin of plasma and the propagation of contaminated or poor-quality blood to the pharmaceutical production process. From an ethical perspective, the risk is that vulnerable individuals are exploited in the donation process. Finally, the plasma supply chain currently depends on only a few exporters of plasma, which presents a supply chain risk. Design: The blockchain technology is piloted in other areas of pharmaceutical supply chains and in this study we examine those solutions and conceptualize how a similar solution can be applied to the plasma supply chain. We identify risks within the plasma supply chain and discuss how blockchain-based solutions can mitigate those risks. Results: Drawing on existing literature within the pharmaceutical blockchain arena, we introduce a solution to verify the origin of plasma. We also model how the blockchain technology can be used to tackle ethical and supply chain risks. Conclusions: Blockchain can have a role in mitigating plasma supply chain risks. The area is, however, novel and requires more research.
Jan 1, 2019·Proceedings of the ... Annual Hawaii International Conference on System Sciences/Proceedings of the Annual Hawaii International Conference on System Sciences
Alexander Schoenhals, Thomas Hepp, Stephan Leible, Philip Ehret · 5 authors
The licensing of creative work is of broad and current interest. The European Commission proposes that when uploading a licensed digital work, the uploader should be checked by the system that one has the necessary rights. Technically this law is difficult to implement, as images with different intentions are shared, and even small changes like watermarks make it difficult to reveal similarities. The characteristics of distributed ledger technology could provide excellent support for the licensing and management of the rights of use. In this work, non-technical and technical criteria are defined to achieve an overview of the state-of-the-art solutions in the field of blockchain-based licensing platforms. Based on the criteria, different licensing platforms are reviewed, and the results are presented in a comparison matrix.
Niclas Kannengießer, Sebastian Lins, Tobias Dehling, Ali Sunyaev
Distributed ledger technology (DLT), including blockchain, enables secure processing of transactions between untrustworthy parties in a decentralized system. However, DLT is available in different designs that exhibit diverse characteristics. Moreover, DLT characteristics have complementary and conflicting interdependencies. Hence, there will never be an ideal DLT design for all DLT use cases; instead, DLT implementations need to be configured to contextual requirements. Successful DLT configuration requires, however, a sound understanding of DLT characteristics and their interdependencies. In this manuscript, we review DLT characteristics and organize them into six groups. Furthermore, we condense interdependencies of DLT characteristics into trade-offs that should be considered for successful deployment of DLT. Finally, we consolidate our findings into DLT archetypes for common design objectives, such as security, usability, or performance. Our work makes extant DLT research more transparent and fosters understanding of interdependencies and trade-offs between DLT characteristics.
Bronwyn Howell, Petrus H. Potgieter, Bert M. Sadowski
Blockchains are the most well-known example of a distributed ledger technology (DLT). Unlike classic databases, the ledger is not maintained by any central authority. The integrity of the ledger is maintained automatically by an algorithmic consensus process whereby nodes vote and agree upon the authoritative version. In effect, the consensus algorithm operates in the manner of a decision-making process within a governance system. The technological characteristics of blockchain systems are well documented (Narayanan, Bonneau, Felton and Miller, 2016). We propose that one of the reasons why it has so far proved very difficult to seed large-scale commercial DLT (blockchain) projects lies in the arena of project ownership and governance. Unlike classic centralised database systems, DLTs have no one central point of “ownership” of any of the system’s infrastructure or data. In this piece of exploratory research, we propose applying theories of club governance to both the technical design and operational development of a range of DLT (blockchain) systems, including (but not necessarily limited to) cryptocurrencies and enterprise applications to explore how they can explain the development of (or lack of development of) sustainable solutions to real business problems. There are many parallels to the governance arrangements observed historically in the origins of complex distributed telecommunications networks.
Blockchain is a form of distributed ledger technology. While it has grown in prominence, its full potential and possible downsides are not fully understood yet, especially with respect to Operations Management (OM). This article fills this gap. After briefly reviewing the technical foundations, we explore multiple business and policy aspects. We identify five key strengths, the corresponding five main weaknesses, and three research themes of applying Blockchain technology to OM. The key strengths are (1) visibility, (2) aggregation, (3) validation, (4) automation, and (5) resiliency. The corresponding weaknesses are (1) lack of privacy, (2) lack of standardization, (3) garbage in, garbage out, (4) black box effect, and (5) inefficiency. The three research themes are (1) information, (2) automation, and (3) tokenization. We illustrate these research themes with multiple promising research problems, ranging from classical inventory management, to new areas of ethical OM, and to questions of Industrial Organization.
Ali Shahaab, B. Lidgey, Chaminda Hewage, Imtiaz Khan
Advancement of consensus protocols in recent years has enabled distributed ledger technologies (DLTs) to find its application and value in sectors beyond cryptocurrencies. Here we reviewed 66 known consensus protocols and classified them into philosophical and architectural categories, also providing a visual representation. As a case study, we focus on the public sector and highlighted potential protocols. We have also listed these protocols against basic features and sector preference in a tabular format to facilitate selection. We argue that no protocol is a silver bullet, therefore should be selected carefully, considering the sector requirements and environment.
Peer-to-peer energy trading and next generation local energy market mechanisms are expected to provide new use cases and opportunities within the future sharing economy landscape. To this anticipation, we propose alternative incentive mechanisms as energy policy instruments that can be used by policy makers for directly supporting local energy producers, and hence indirectly the consumers, at current local energy markets using capabilities provided by contemporary distributed ledger technology. Under such peer-to-peer local market setting, we first detail market pricing and relevant market parameters thoroughly, and then we discuss fair incentive distribution to local producers in detail, by means of two distinct incentive systems what we call as the fixed stipend and the decaying stipend incentive mechanisms, respectively. We provide an analysis of market pricing and market parameters under German power market conditions, and an illustration of proposed support instruments with resorting to three scenarios experimented on a local energy market test bed that is equipped with realistic energy generation and consumption profiles for its participants.
Communication across distributed systems, each running its own consensus, is a problem previously studied under the assumption of trust across systems. With the appearance of distributed ledgers or blockchains, numerous protocols have emerged, which attempt to achieve trustless communication between distrusting ledgers and participants. Cross-chain communication thereby plays a fundamental role in cryptocurrency exchanges, sharding, bootstrapping and extension of distributed ledgers. Unfortunately, existing proposals are designed ad-hoc for specific use-cases, making it hard to gain confidence on their correctness and to use them as building blocks for new systems.
Distributed Ledger Technology (DLT) has emerged as one of the most disruptive technologies in the last decade. It promises to change the way people do their business, track their products, and manage their personal data. Though the concept of DLT was first implemented in 2009 as Bitcoin, it has gained significant attention only in the past few years. During this time, different DLT enthusiasts and commercial companies have proposed and developed several DLT platforms. These platforms are usually categorized as public vs private, general purpose vs application specific and so on. As a growing number of people are interested to build DLT applications, it is important to understand their underlying architecture and capabilities in order to determine which DLT platform should be leveraged for a specific DLT application. In addition, the platforms need to be evaluated and critically analyzed to assess their applicability, resiliency and sustainability in the long run. In this paper, we have surveyed several leading DLT platforms and evaluated their capabilities based on a number of quantitative and qualitative criteria. The comparative analysis presented in this paper will help the DLT developers and architects to choose the best platform as per their requirement(s).
Electronic health record (EHR) has recorded the process of occurrence, development, and treatment of diseases. So it has high medical value. Owing to the private and sensitive nature of medical data for patients, the data sharing and privacy preservation are critical issues in EHR. Blockchain technology may be a promising solution for the problems above since it holds the features of decentralization and tamper resistance. In the paper, we propose a medical data sharing and protection scheme based on the hospital’s private blockchain to improve the electronic health system of the hospital. Firstly, the scheme can satisfy various security properties such as decentralization, openness, and tamper resistance. A reliable mechanism is created for the doctors to store medical data or access the historical data of patients while meeting privacy preservation. Furthermore, a symptoms-matching mechanism is given between patients. It allows patients who get the same symptoms to conduct mutual authentication and create a session key for their future communication about the illness. The proposed scheme is implemented by using PBC and OpenSSL libraries. Finally, the security and performance evaluation of the proposed scheme is given.
Industry 4.0 is a concept devised for improving the way modern factories operate through the use of some of the latest technologies, like the ones used for creating the Industrial Internet of Things (IIoT), robotics, or Big Data applications. One of such technologies is blockchain, which is able to add trust, security, and decentralization to different industrial fields. This article focuses on analyzing the benefits and challenges that arise when using blockchain and smart contracts to develop Industry 4.0 applications. In addition, this paper presents a thorough review of the most relevant blockchain-based applications for Industry 4.0 technologies. Thus, its aim is to provide a detailed guide for the future Industry 4.0 developers that allows for determining how the blockchain can enhance the next generation of cybersecure industrial applications.