Blockchain Papers

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53,216 papersLast indexed Aug 31, 2026
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Sep 12, 2025·Columbia Business Law Review
1 cites
Smart Contract Accountability Problems: Default Oracle Liability as the Solution

Leana Ter-Martirosyan

Smart contracts have emerged as a transformative force in contract law, leveraging blockchain technology to automate transactions and reduce reliance on human intermediaries. However, their widespread adoption is hindered by significant legal challenges, particularly in determining liability for transaction failures. This Note examines the accountability problems inherent in smart contracts, focusing on the critical role of oracles—third-party entities that feed external data into blockchain-based agreements. While existing scholarship explores the theoretical foundations and potential applications of smart contracts, this Note shifts focus to liability allocation and proposes a novel framework: default oracle liability. Under this proposal, oracles bear primary responsibility for transaction errors arising from inaccurate data sourcing or validation failures. If oracles demonstrate that they functioned correctly, liability shifts to smart contract developers, who are responsible for ensuring secure and error-free code. By clarifying accountability, this framework incentivizes higher standards for data accuracy and software integrity, ultimately fostering a more reliable and legally-viable environment for smart contracts to operate.

Open access
Blockchain Technology Applications and Security
FinTech, Crowdfunding, Digital Finance
Digital Transformation in Law
Original source
Sep 12, 2025·arXiv (Cornell University)
1 cites
Bitcoin Cross-Chain Bridge: A Taxonomy and Its Promise in Artificial Intelligence of Things

Guojun Tang, Chan, Carylyne, Ning Nan, Yang, Spencer · 8 authors

Bitcoin's limited scripting capabilities and lack of native interoperability mechanisms have constrained its integration into the broader blockchain ecosystem, especially decentralized finance (DeFi) and multi-chain applications. This paper presents a comprehensive taxonomy of Bitcoin cross-chain bridge protocols, systematically analyzing their trust assumptions, performance characteristics, and applicability to the Artificial Intelligence of Things (AIoT) scenarios. We categorize bridge designs into three main types: naive token swapping, pegged-asset bridges, and arbitrary-message bridges. Each category is evaluated across key metrics such as trust model, latency, capital efficiency, and DeFi composability. Emerging innovations like BitVM and recursive sidechains are highlighted for their potential to enable secure, scalable, and programmable Bitcoin interoperability. Furthermore, we explore practical use cases of cross-chain bridges in AIoT applications, including decentralized energy trading, healthcare data integration, and supply chain automation. This taxonomy provides a foundational framework for researchers and practitioners seeking to design secure and efficient cross-chain infrastructures in AIoT systems.

Open access
3 source records
cs.CR
cs.SE
Blockchain Technology Applications and Security
Original source
Sep 12, 2025·PeerJ Computer Science
1 cites
A novel framework for secure cryptocurrency transactions using quantum crypto guard

Jamil Abedalrahim Jamil Alsayaydeh, Mohd Faizal Yusof, Nor Adnan Yahaya, Viacheslav Kovtun · 5 authors

In today's digital world, cryptocurrencies like Bitcoin can secure transactions without banks. However, the rise of quantum computing poses significant threats to their security, as traditional cryptographic methods may be easily compromised. In addition, the existing algorithms face difficulties like slow transaction speeds, interoperability issues between different cryptocurrencies, and privacy concerns. Hence, Quantum Crypto Guard for Secure Transactions (QCG-ST), a novel blockchain framework, is introduced, offering enhanced security and efficiency for cryptocurrency transactions. The QCG-ST employs lattice-based cryptography to provide robust protection against quantum threats and incorporates a new consensus mechanism to increase the transaction speed and reduce energy consumption. The QCG-ST system uses lattice-based encryption that is based on the Ring Learning With Errors (Ring-LWE) issue to protect itself from quantum assaults. It uses sharding, a Proof-of-Stake (PoS) consensus method, and a threshold signature scheme (TSS) to make the system more scalable and use less energy. Zero-knowledge proofs (ZKPs) are used to check transactions without giving out private information. We offer a cross-chain atomic swap protocol that uses hashed time-lock contracts to make sure that it works on all platforms. Blockchain transaction data utilized in testing originated from the Bitcoin Historical Dataset available on Kaggle, and quantum resistance has been assessed using the Qiskit Aer simulator. It evaluated the framework's performance to that of traditional methods like Payment Channel-Lightning Network (PC-LN), Variational Quantum Eigensolver (VQE), and Cross-Chain Transaction with Hyperledger (CCT-H). Results show that QCG-ST does far better than traditional systems in terms of transaction success rate (up to 98.5%), speed, energy efficiency, latency, and throughput, especially when tested in a quantum-simulated environment. This study completes in an essential vacuum in blockchain technology by suggesting a strong, quantum-resistant, privacy-protecting architecture that can handle the problems that could arise up in decentralized digital banking in the future.

Open access
Quantum Computing Algorithms and Architecture
Blockchain Technology Applications and Security
Quantum Information and Cryptography
Original source
Sep 12, 2025·International Research Journal of Modernization in Engineering Technology and Science
23 cites
Blockchain-enabled Autonomous Supply Chain Management: A Multi-agent Reinforcement Learning Approach with Dynamic Smart Contract Optimization

Authors unavailable

Global supply chains today operate in an environment marked by unprecedented complexity, interdependence, and susceptibility to both market and operational disruptions.Traditional supply chain management systems, which rely heavily on centralized coordination and rigid contractual structures, often fall short in providing the transparency, adaptability, and resilience demanded by modern logistics ecosystems.This paper introduces a novel, decentralized framework that synergistically combines blockchain technology, multi-agent reinforcement learning (MARL), and dynamic smart contract optimization to achieve autonomous and adaptive supply chain operations.In the proposed architecture, each stakeholder in the supply chain-ranging from raw material suppliers to end retailers-is modeled as an intelligent agent capable of perceiving its environment, learning from historical outcomes, and making optimized decisions in real time.The agents interact and transact over a permissioned blockchain network, ensuring transparency, data immutability, and trustless collaboration.Smart contracts govern the terms of these interactions and are designed to be dynamically adaptable, adjusting key contractual parameters such as pricing, delivery schedules, and penalties based on real-time environmental inputs and the evolving strategies of agents.By integrating MARL into the decision-making loop, the system continuously improves coordination and performance across the supply chain.Simulation results across a multi-tier supply network demonstrate that this framework significantly outperforms traditional models, achieving:  Up to 34% improvement in cost efficiency,  47% reduction in contract breaches, and  Faster convergence of agent policies leading to more robust and scalable autonomous operations.The results underscore the potential of blockchain-enabled autonomous systems in redefining supply chain resilience, agility, and operational intelligence.

Open access
Blockchain Technology Applications and Security
FinTech, Crowdfunding, Digital Finance
Original source
Sep 11, 2025·arXiv
0 cites
Ordered Consensus with Equal Opportunity

Yunhao Zhang, Haobin Ni, Soumya Basu, Shir Cohen · 9 authors

The specification of state machine replication (SMR) has no requirement on the final total order of commands. In blockchains based on SMR, however, order matters, since different orders could provide their clients with different financial rewards. Ordered consensus augments the specification of SMR to include specific guarantees on such order, with a focus on limiting the influence of Byzantine nodes. Real-world ordering manipulations, however, can and do happen even without Byzantine replicas, typically because of factors, such as faster networks or closer proximity to the blockchain infrastructure, that give some clients an unfair advantage. To address this challenge, this paper proceeds to extend ordered consensus by requiring it to also support equal opportunity, a concrete notion of fairness, widely adopted in social sciences. Informally, equal opportunity requires that two candidates who, according to a set of criteria deemed to be relevant, are equally qualified for a position (in our case, a specific slot in the SMR total order), should have an equal chance of landing it. We show how randomness can be leveraged to keep bias in check, and, to this end, introduce the secret random oracle (SRO), a system component that generates randomness in a fault-tolerant manner. We describe two SRO designs based, respectively, on trusted hardware and threshold verifiable random functions, and instantiate them in Bercow, a new ordered consensus protocol that, by approximating equal opportunity up to within a configurable factor, can effectively mitigate well-known ordering attacks in SMR-based blockchains.

Open access
cs.DC
cs.CR
cs.MA
Original source
Sep 11, 2025·arXiv
0 cites
Setchain Algorithms for Blockchain Scalability

Arivarasan Karmegam, Gabina Luz Bianchi, Margarita Capretto, Martín Ceresa · 6 authors

Setchain has been proposed to increase blockchain scalability by relaxing the strict total order requirement among transactions. Setchain organizes elements into a sequence of sets, referred to as epochs, so that elements within each epoch are unordered. In this paper, we propose and evaluate three distinct Setchain algorithms, that leverage an underlying block-based ledger. Vanilla is a basic implementation that serves as a reference point. Compresschain aggregates elements into batches, and compresses these batches before appending them as epochs in the ledger. Hashchain converts batches into fixed-length hashes which are appended as epochs in the ledger. This requires Hashchain to use a distributed service to obtain the batch contents from its hash. To allow light clients to safely interact with only one server, the proposed algorithms maintain, as part of the Setchain, proofs for the epochs. An epoch-proof is the hash of the epoch, cryptographically signed by a server. A client can verify the correctness of an epoch with $f+1$ epoch-proofs (where $f$ is the maximum number of Byzantine servers assumed). All three Setchain algorithms are implemented on top of the CometBFT blockchain application platform. We conducted performance evaluations across various configurations, using clusters of four, seven, and ten servers. Our results show that the Setchain algorithms reach orders of magnitude higher throughput than the underlying blockchain, and achieve finality with latency below 4 seconds.

Open access
cs.DC
cs.DB
cs.DS
Original source
Sep 11, 2025·arXiv
0 cites
CryptoGuard: An AI-Based Cryptojacking Detection Dashboard Prototype

Amitabh Chakravorty, Jess Kropczynski, Nelly Elsayed

With the widespread adoption of cryptocurrencies, cryptojacking has become a significant security threat to crypto wallet users. This paper presents a front-end prototype of an AI-powered security dashboard, namely, CryptoGuard. Developed through a user-centered design process, the prototype was constructed as a high-fidelity, click-through model from Figma mockups to simulate key user interactions. It is designed to assist users in monitoring their login and transaction activity, identifying any suspicious behavior, and enabling them to take action directly within the wallet interface. The dashboard is designed for a general audience, prioritizing an intuitive user experience for non-technical individuals. Although its AI functionality is conceptual, the prototype demonstrates features like visual alerts and reporting. This work is positioned explicitly as a design concept, bridging cryptojacking detection research with human-centered interface design. This paper also demonstrates how usability heuristics can directly inform a tool's ability to support rapid and confident decision-making under real-world threats. This paper argues that practical security tools require not only robust backend functionality but also a user-centric design that communicates risk and empowers users to take meaningful action.

Open access
cs.CR
cs.HC
Original source
Sep 11, 2025·arXiv
0 cites
Meta-Learning Reinforcement Learning for Crypto-Return Prediction

Junqiao Wang, Zhaoyang Guan, Guanyu Liu, Tianze Xia · 10 authors

Predicting cryptocurrency returns is notoriously difficult: price movements are driven by a fast-shifting blend of on-chain activity, news flow, and social sentiment, while labeled training data are scarce and expensive. In this paper, we present Meta-RL-Crypto, a unified transformer-based architecture that unifies meta-learning and reinforcement learning (RL) to create a fully self-improving trading agent. Starting from a vanilla instruction-tuned LLM, the agent iteratively alternates between three roles-actor, judge, and meta-judge-in a closed-loop architecture. This learning process requires no additional human supervision. It can leverage multimodal market inputs and internal preference feedback. The agent in the system continuously refines both the trading policy and evaluation criteria. Experiments across diverse market regimes demonstrate that Meta-RL-Crypto shows good performance on the technical indicators of the real market and outperforming other LLM-based baselines.

Open access
cs.LG
cs.AI
Original source
Sep 11, 2025·arXiv
0 cites
Enabling Regulatory Multi-Agent Collaboration: Architecture, Challenges, and Solutions

Qinnan Hu, Yuntao Wang, Yuan Gao, Zhou Su · 6 authors

Large language models (LLMs)-empowered autonomous agents are transforming both digital and physical environments by enabling adaptive, multi-agent collaboration. While these agents offer significant opportunities across domains such as finance, healthcare, and smart manufacturing, their unpredictable behaviors and heterogeneous capabilities pose substantial governance and accountability challenges. In this paper, we propose a blockchain-enabled layered architecture for regulatory agent collaboration, comprising an agent layer, a blockchain data layer, and a regulatory application layer. Within this framework, we design three key modules: (i) an agent behavior tracing and arbitration module for automated accountability, (ii) a dynamic reputation evaluation module for trust assessment in collaborative scenarios, and (iii) a malicious behavior forecasting module for early detection of adversarial activities. Our approach establishes a systematic foundation for trustworthy, resilient, and scalable regulatory mechanisms in large-scale agent ecosystems. Finally, we discuss the future research directions for blockchain-enabled regulatory frameworks in multi-agent systems.

Open access
cs.AI
cs.CR
Original source
Sep 11, 2025·arXiv
0 cites
Bitcoin Price Forecasting Based on Hybrid Variational Mode Decomposition and Long Short Term Memory Network

Emmanuel Boadi

This study proposes a hybrid deep learning model for forecasting the price of Bitcoin, as the digital currency is known to exhibit frequent fluctuations. The models used are the Variational Mode Decomposition (VMD) and the Long Short-Term Memory (LSTM) network. First, VMD is used to decompose the original Bitcoin price series into Intrinsic Mode Functions (IMFs). Each IMF is then modeled using an LSTM network to capture temporal patterns more effectively. The individual forecasts from the IMFs are aggregated to produce the final prediction of the original Bitcoin Price Series. To determine the prediction power of the proposed hybrid model, a comparative analysis was conducted against the standard LSTM. The results confirmed that the hybrid VMD+LSTM model outperforms the standard LSTM across all the evaluation metrics, including RMSE, MAE and R2 and also provides a reliable 30-day forecast.

Open access
q-fin.ST
cs.LG
Original source
Sep 11, 2025·Applied Food Research
15 cites
A new blockchain and IoT based architecture of food safety system for confectionery supply chain in Industry 4.0 era

Jayakrishna Kandasamy, Manavalan Ethirajan, Tarun Kumar Agrawal, Sandeep Jagtap

The major challenges faced by confectionery supply chain are lack of information, traceability, managing the ownership of goods across supply chains, inability to track vendors in real-time. Blockchain and Internet of Things (IoT) in Industry 4.0 era help organisations to overcome these challenges by guaranteeing authentic information, real-time visibility, and transparency across the supply chain management. The extant literature has revealed that blockchain and IoT technologies are in their early stages of information management for the supply chain. This study explores the potential opportunities available with Blockchain and IoT in the confectionery supply chain. Utilising the inputs from the survey and interviews, the article identifies to present the gaps in the supply chain and proposes a new blockchain and IoT-based architecture of the food safety system for the confectionery supply chain. Typical blockchain architecture is designed for a food safety system, and the technical specifications required to implement blockchain are evaluated. Further, blockchain-assisted distribution information management is proposed to bring more visibility to the shipment of goods. Implications of deploying blockchain and IoT in the supply chain from a management perspective are discussed. The study distinguishes itself from existing literature in two ways: first, by introducing a tailored blockchain and IoT architecture specifically designed for food safety in the confectionery supply chain; and second, by demonstrating its practical implications in addressing real-time traceability, transparency, and operational efficiency in line with Industry 4.0 goals. This integrated approach helps organisations make informed decisions, reduce supply chain risks, and improve regulatory compliance across the confectionery value chain.

Open access
Blockchain Technology Applications and Security
Digital Transformation in Industry
Food Supply Chain Traceability
Original source
Sep 11, 2025·International Scientific and Practical Conference "Smart Cities and Sustainable Regional Development"
0 cites
Investment is the Key Factor in Achieving Sustainable Development Goals

Bahramjon Mamatov, K.A. Narzullaeva

The article reveals the role and importance of investments in the socio-economic development of the country. The role and main aspects of investments in the modernization and development of the economy in the context of modern globalization and technological changes are described. The volumes and growth rates of investments in fixed assets for 2020-2024 are analyzed. The share of investments in fixed assets from centralized and decentralized sources of financing in 2020-2024 is studied. The main problems that hinder the attraction and effective use of investments in the economy are identified. The impact of investments in fixed assets on the volume of gross domestic product was determined using correlation methods. Based on the results of the study, important proposals and recommendations were developed to increase the attractiveness of the investment environment in Uzbekistan and actively attract investments.

Open access
Sustainable Development and Environmental Policy
Original source
Sep 11, 2025·International Scientific and Practical Conference "Smart Cities and Sustainable Regional Development"
0 cites
Efficiency of Smart Contracts Application in Public Procurement in the Construction Sector

Alexander Y. Bystryakov, P.P. Fedyaev

The article examines the economic and organizational efficiency of implementing smart contracts based on blockchain technology in the public procurement system of the construction sector of the Russian Federation and St. Petersburg. Relevance research conditioned by the need to increase transparency, reduce transaction and administrative costs, and speed up procurement procedures in the context of large-scale public investment and limited budget resources. The paper develops a methodology for quantitatively assessing the economic effect of using smart contracts, including an analysis of direct savings in budget funds, reduced procurement processing time, and increased capital turnover. Based on official statistics and economic and mathematical modeling, it is shown that the introduction of smart contracts can reduce costs by 10% of the total volume of purchases, which is equivalent to savings of about 550 billion rubles for the Russian Federation and 68.2 billion rubles for St. Petersburg. Additional savings are achieved by reducing the average procurement processing time from 15 to 10 days, which leads to a decrease in administrative costs by 8.15 billion rubles and 1.13 billion rubles, respectively. A comprehensive assessment of the total economic effect confirms the high feasibility of digitalizing procurement procedures using smart contracts, which can become the basis for further transformation of the public finance management system and increasing the efficiency of using budget funds in the construction industry.

Open access
Impact of AI and Big Data on Business and Society
FinTech, Crowdfunding, Digital Finance
Governance, Compliance, and Sustainability
Original source
Sep 11, 2025·Energies
3 cites
Enabling Intelligent Internet of Energy-Based Provenance and Green Electric Vehicle Charging in Energy Communities

Bokolo Anthony

With the gradual shift towards the use of electric vehicles (EV), electricity demand is expected to increase especially in energy communities. Therefore, it is important to investigate how energy is generated as the provenance of electricity supply is directly linked to climate change. There are only a few studies that investigated the internet of energy and energy provenance, but this area of research is important to prevent the rebound effect of CO2 emission due to the lack of a transparent approach that verifies the source of electricity consumed for charging EVs. The energy system is a complex network, which results in difficulty verifying the source of electricity as related to the generation of energy. Identifying the provenance of electricity is challenging since electricity is a non-physical element. Moreover, the volatility of a Renewable Energy Source (RES), such as solar and wind power farms, in relation to the complex electricity distribution system makes tracking and tracing challenging. Disruptive technologies, such as Distributed Ledger Technologies (DLT), have been previously adopted to trace the end-to-end stages of products. Likewise, artificial intelligence (AI) can be adopted for the optimization, control, dispatching, and management of energy systems. Therefore, this study develops a decentralized intelligent framework enabled by AI-based DLT and smart contracts deployed to accelerate the development of the internet of energy towards energy provenance in energy communities. The framework supports the tracing and tracking of RES type and source consumed for charging EVs. Findings from this study will help to accelerate the production, trading, distribution, sharing, and consumption of RES in energy communities.

Open access
Blockchain Technology Applications and Security
Energy, Environment, and Transportation Policies
Transportation and Mobility Innovations
Original source
Sep 11, 2025·International Journal of Law Government and Communication
0 cites
REDEFINING OWNERSHIP: DIGITAL ASSETS, INTELLECTUAL PROPERTY, AND EMERGING TECHNOLOGIES

Siti Khadijah Abdullah Sanek, Irma Kamarudin, Arina Kamarudin

This article examines the evolving relationship between digital assets, intellectual property (IP), and emerging technologies, with a particular focus on legal implications under European Union (EU) law. Innovations such as digital assets, such as cryptocurrencies, non-fungible tokens (NFTs), and artificial intelligence (AI) generated works, are reshaping concepts of ownership and intellectual property (IP). The article adopts a threefold methodological approach. To assess the adequacy of current legal frameworks, a systematic review highlights key limitations in applying traditional property law to intangible assets like cryptocurrencies and NFTs. The second element analyses the effects of emerging technologies on IP rights and regulatory compliance through an interdisciplinary synthesis of recent research. Lastly, a comparative legal analysis draws on EU and international case studies to identify regulatory gaps and propose policy responses. The findings suggest that while digital assets promote innovation, their decentralised and intangible nature poses challenges to core legal concepts such as exclusivity, attribution, and enforceability. Despite progress in EU digital regulation, inconsistencies persist across jurisdictions. The article concludes that a more harmonised legal framework supported by clearer definitions, the integration of smart contracts, and effective cross-border dispute mechanisms is necessary to ensure that IP law remains effective in the digital economy.

Open access
Security, Politics, and Digital Transformation
Blockchain Technology Applications and Security
Law, AI, and Intellectual Property
Original source
Sep 11, 2025·Applied Sciences
2 cites
Contract-Graph Fusion and Cross-Graph Matching for Smart-Contract Vulnerability Detection

Liang Xue, Yao Tan, Jun Song, Fan Yang

Smart contracts empower many blockchain applications but are exposed to code-level defects. Existing methods do not scale to the evolving code, do not represent complex control and data flows, and lack granular and calibrated evidence. To address the above concerns, we present an across-graph corresponding contract-graph method for vulnerability detection: abstract syntax, control flow, and data flow are fused into a typed, directed contract-graph whose nodes are enriched with pre-code embeddings (GraphCodeBERT or CodeT5+). A Graph Matching Network (GMN) with cross-graph attention compares contract-graphs, aligns homologous sub-graphs associated with vulnerabilities, and supports the interpretation of statements at the level of balance between a broad structural coverage and a discriminative pairwise alignment. The evaluation follows a deployment-oriented protocol with thresholds fixed for validation, multi-seed averaging, and a conservative estimate of sensitivity under low-false-positive budgets. On SmartBugs Wild, the method consistently and markedly exceeds strong rule-based and learning baselines and maintains a higher sensitivity to matching false-positive rates; ablations track the gains to multi-graph fusion, pre-trained encoders, and cross-graph matching, stable through seeds.

Open access
3 source records
Blockchain Technology Applications and Security
Cybercrime and Law Enforcement Studies
Original source
Sep 11, 2025·arXiv (Cornell University)
0 cites
ZORRO: Zero-Knowledge Robustness and Privacy for Split Learning (Full Version)

Nojan Sheybani, Alessandro Pegoraro, Jonathan Knauer, Phillip Rieger · 7 authors

Split Learning (SL) is a distributed learning approach that enables resource-constrained clients to collaboratively train deep neural networks (DNNs) by offloading most layers to a central server while keeping in- and output layers on the client-side. This setup enables SL to leverage server computation capacities without sharing data, making it highly effective in resource-constrained environments dealing with sensitive data. However, the distributed nature enables malicious clients to manipulate the training process. By sending poisoned intermediate gradients, they can inject backdoors into the shared DNN. Existing defenses are limited by often focusing on server-side protection and introducing additional overhead for the server. A significant challenge for client-side defenses is enforcing malicious clients to correctly execute the defense algorithm. We present ZORRO, a private, verifiable, and robust SL defense scheme. Through our novel design and application of interactive zero-knowledge proofs (ZKPs), clients prove their correct execution of a client-located defense algorithm, resulting in proofs of computational integrity attesting to the benign nature of locally trained DNN portions. Leveraging the frequency representation of model partitions enables ZORRO to conduct an in-depth inspection of the locally trained models in an untrusted environment, ensuring that each client forwards a benign checkpoint to its succeeding client. In our extensive evaluation, covering different model architectures as well as various attack strategies and data scenarios, we show ZORRO's effectiveness, as it reduces the attack success rate to less than 6\% while causing even for models storing \numprint{1000000} parameters on the client-side an overhead of less than 10 seconds.

Open access
2 source records
cs.CR
cs.AI
Privacy-Preserving Technologies in Data
Original source
Sep 11, 2025·ACM Transactions on the Web
4 cites
Connecting Large Language Models with Blockchain: Making Smart Contracts Smarter

Xueying Zeng, Youquan Xian, Duancheng Xuan, Dou‐Yan Yang · 8 authors

Blockchain technology has driven the development of Decentralized Applications (DApps) in areas such as decentralized finance. However, as application scenarios become more complex, the limitations of computational resources and costs gradually lead to insufficient performance. Large Language Models (LLMs), as a promising technology, have the potential to enhance blockchain’s capabilities in complex task governance. However, due to factors such as consensus mechanisms, it is challenging to directly integrate them with blockchain. To address this issue, this article proposes and implements a general framework for integrating LLMs with blockchain data, C-LLM, which successfully overcomes interoperability barriers between the two. By combining semantic relevance evaluation and truth discovery techniques, this article presents an innovative data aggregation method, SenteTruth, which effectively improves the correctness and credibility of data generated by LLMs. To validate the framework’s effectiveness, we construct a dataset containing three types of questions, covering Q&A records between 10 oracle nodes and 5 LLM models. Experimental results show that, in the presence of 40% malicious nodes, the proposed method improves data correctness by an average of 17.74% compared with the optimal baseline. This research not only provides an innovative solution for the intelligent application of smart contracts but also demonstrates the potential for deep integration of LLMs and blockchain, driving the development of smarter and more complex application scenarios for smart contracts.

Open access
Blockchain Technology Applications and Security
FinTech, Crowdfunding, Digital Finance
Auction Theory and Applications
Original source
Sep 11, 2025·Antipode
6 cites
The Network State, Exit, and the Political Economy of Venture Capital

Olivier Jutel

Abstract This article focuses on the Network State movement as embodying the venture capital (VC) logic of exit. Exit constitutes both a strategy for lucrative returns and an ideology seeking out new territories for financial and technological speculation. This movement has emerged around Balaji Srinivasan and the technologies of Web3 that encode the imperatives of exit. In the construction of liberated zones for the Network State, VC operates through a territorial logic, under the leadership of the founder‐philosopher and with the affordances of the American state. These logics evince the discursive power at the heart of the political economy of VC. The desires of the VC class shape “future social necessity” (Howard 2024; Finance and Society 10) and are “imprinted” (Cooiman 2024; Environment and Planning A 56) upon the social and technological networks of the Network State. The valorisation through exit seeks to produce “hyperstitious” (Lynch and Muñoz‐Viso 2023; Progress in Human Geography 48) value creation in which VC is the fount of civilisation.

Open access
Private Equity and Venture Capital
Housing, Finance, and Neoliberalism
FinTech, Crowdfunding, Digital Finance
Original source
Sep 10, 2025·arXiv
0 cites
SilentLedger: Privacy-Preserving Auditing for Blockchains with Complete Non-Interactivity

Zihan Liu, Xiaohu Wang, Chao Lin, Minghui Xu · 6 authors

Privacy-preserving blockchain systems are essential for protecting transaction data, yet they must also provide auditability that enables auditors to recover participant identities and transaction amounts when warranted. Existing designs often compromise the independence of auditing and transactions, introducing extra interactions that undermine usability and scalability. Moreover, many auditable solutions depend on auditors serving as validators or recording nodes, which introduces risks to both data security and system reliability. To overcome these challenges, we propose SilentLedger, a privacy-preserving transaction system with auditing and complete non-interactivity. To support public verification of authorization, we introduce a renewable anonymous certificate scheme with formal semantics and a rigorous security model. SilentLedger further employs traceable transaction mechanisms constructed from established cryptographic primitives, enabling users to transact without interaction while allowing auditors to audit solely from on-chain data. We formally prove security properties including authenticity, anonymity, confidentiality, and soundness, provide a concrete instantiation, and evaluate performance under a standard 2-2 transaction model. Our implementation and benchmarks demonstrate that SilentLedger achieves superior performance compared with state-of-the-art solutions.

Open access
cs.CR
Original source
Sep 10, 2025·arXiv
0 cites
Send to which account? Evaluation of an LLM-based Scambaiting System

Hossein Siadati, Haadi Jafarian, Sima Jafarikhah

Scammers are increasingly harnessing generative AI(GenAI) technologies to produce convincing phishing content at scale, amplifying financial fraud and undermining public trust. While conventional defenses, such as detection algorithms, user training, and reactive takedown efforts remain important, they often fall short in dismantling the infrastructure scammers depend on, including mule bank accounts and cryptocurrency wallets. To bridge this gap, a proactive and emerging strategy involves using conversational honeypots to engage scammers and extract actionable threat intelligence. This paper presents the first large-scale, real-world evaluation of a scambaiting system powered by large language models (LLMs). Over a five-month deployment, the system initiated over 2,600 engagements with actual scammers, resulting in a dataset of more than 18,700 messages. It achieved an Information Disclosure Rate (IDR) of approximately 32%, successfully extracting sensitive financial information such as mule accounts. Additionally, the system maintained a Human Acceptance Rate (HAR) of around 70%, indicating strong alignment between LLM-generated responses and human operator preferences. Alongside these successes, our analysis reveals key operational challenges. In particular, the system struggled with engagement takeoff: only 48.7% of scammers responded to the initial seed message sent by defenders. These findings highlight the need for further refinement and provide actionable insights for advancing the design of automated scambaiting systems.

Open access
cs.CR
cs.AI
Original source
Sep 10, 2025·Chaos, Solitons & Fractals 205, 117858 (2026)
0 cites
Community-level Contagion among Diverse Financial Assets

An Pham Ngoc Nguyen, Marija Bezbradica, Martin Crane

As global financial markets become increasingly interconnected, financial contagion has developed into a major influencer of asset price dynamics. Motivated by this context, our study explores financial contagion both within and between asset communities. We contribute to the literature by examining the contagion phenomenon at the community level rather than among individual assets. Our experiments rely on high-frequency data comprising cryptocurrencies, stocks and US ETFs over the 4-year period from April 2019 to May 2023. Using the Louvain community detection algorithm, Vector Autoregression contagion detection model and Tracy-Widom random matrix theory for noise removal from financial assets, we present three main findings. Firstly, while the magnitude of contagion remains relatively stable over time, contagion density (the percentage of asset pairs exhibiting contagion within a financial system) increases. This suggests that market uncertainty is better characterized by the transmission of shocks more broadly than by the strength of any single spillover. Secondly, there is no significant difference between intra- and inter-community contagion, indicating that contagion is a system-wide phenomenon rather than being confined to specific asset groups. Lastly, certain communities themselves, especially those dominated by Information Technology assets, tend to act as major contagion transmitters in the financial network over the examined period, spreading shocks with high densities to many other communities. Our findings suggest that traditional risk management strategies such as portfolio diversification through investing in low-correlated assets or different types of investment vehicle might be insufficient due to widespread contagion.

Open access
physics.soc-ph
q-fin.CP
Original source
Sep 10, 2025·The Third Edition of the International Conference on Connected Objects and Artificial Intelligence (COCIA'2025), Higher School of Technology of Casablanca, Apr 2025, Casablanca (Maroc), Morocco
0 cites
Leveraging Blockchain and Proxy Re-Encryption to secure Medical IoT Records

Abdou-Essamad Jabri, C. Drocourt, Mostafa Azizi, Gil Utard

The integration of the Internet of Things (IoT) in healthcare has revolutionized patient monitoring and data collection, allowing real-time tracking of vital signs, remote diagnostics, and automated medical responses. However, the transmission and storage of sensitive medical data introduce significant security and privacy challenges. To address these concerns, blockchain technology provides a decentralized and immutable ledger that ensures data integrity, , and transparency. Unlike public blockchains, private blockchains are permissioned; the access is granted only to authorized participants; they are more suitable for handling confidential healthcare data. Although blockchain ensures security and trust, it lacks built-in mechanisms to support flexible and controlled data sharing; This is where Proxy Re-Encryption (PRE) comes into play. PRE is a cryptographic technique that allows encrypted data to be re-encrypted for a new recipient without exposing it to intermediaries. We propose an architecture integrating private blockchain and PRE to enable secure, traceable, and privacy-preserving data sharing in IoT-based healthcare systems. Blockchain guarantees tamper proof record-keeping, while PRE enables fine-grained access control, allowing medical professionals to securely share patient data without compromising confidentiality. This combination creates a robust security framework that enhances trust and efficiency in digital healthcare ecosystems.

Open access
cs.CR
Original source
Sep 10, 2025·4th International Conference on Electronic Engineering and Renewable Energy, May 2024, Saidia, Maroc, Morocco. pp.39-47
0 cites
MIoT-Driven Comparison of Open Blockchain Platforms

Abdou-Essamad Jabri, Mostafa Azizi, Cyril Drocourt, Gil Utard

Being propelled by the fourth industrial revolution (Industry 4.0), IoT devices and solutions are well adopted everywhere, ranging from home applications to industrial use, crossing through transportation, healthcare, energy, and so on. This wide use of IoT has not gone unnoticed, hackers are tracking the weakness of such a technology and threatening them continuously. Their security at various levels has become an important concern of professionals and researchers. This issue takes more risk, especially with the IoT variants, IIoT (Industrial IoT) and MIoT (Medical IoT). Many existing security solutions are adapted and proposed for addressing IoT security. In this paper, we are interested in exploring blockchain technology and we make a comparison of three free Blockchain platforms towards their applicability for MIoT context, namely Ethereum, Hyperledger Fabric and Corda. In general, Blockchain technology provides a decentralized, autonomous, trustless, and distributed environment. It is challenging to find a Blockchain platform that fits the MIoT context and performs well in terms of security. The retained platform should be deployed smartly to avoid its practical drawbacks related to energy-consuming and excessive computing.

Open access
cs.CR
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