Blockchain Papers

David Krause

No abstract is available for this record.

Anthony Chidi Nzomiwu, Scholastica Uzondu

No abstract is available for this record.

Vardan JANGOZIAN, Hovik GRIGORYAN

This article analyzes the feasibility of implementing smart contracts in the public administration system of the Republic of Armenia. Drawing upon theories of institutional economics, transaction cost economics, and innovation diffusion, the study conducts both theoretical and practical analyses. Based on international experience, the most impactful areas for implementation – public procurement, social services, and budgetary oversight – are identified. A quantitative model estimates potential cost savings ranging from 1.5% to 3% if smart contracts are adopted. Strategic policy recommendations are proposed, targeting legal, technological, and institutional reforms. The findings suggest that phased implementation is both realistic and technologically sound.

Mirko Duradoni, Elena Serritella, Martina Bellotti, Alessio Luciano Licata · 5 authors

The technological revolution of the last decades has revolutionized economic interactions, introducing new paradigms like e‐banking and cryptocurrencies. Although the literature has questioned the antecedents associated with the use of cryptocurrencies and, in particular, the attitudes and beliefs underlying them, there is still a lack of a robust, multidimensional tool to measure beliefs about cryptocurrencies. Therefore, the aim of the study is to preliminarily validate a brand‐new scale for a comprehensive assessment of beliefs related to cryptocurrencies: the scale of beliefs about cryptocurrencies (SBaC). The first version of the scale was tested on 395 Italian‐speaking participants (53.1% were women, mean age 27.44 years, SD = 11.03). Thirteen percent of the sample also held cryptocurrencies at the time of completing the questionnaire. The results of the exploratory factor analysis (EFA) showed that the SBaC, with a total of 12 items, has four factors: (i) self‐fulfillment, related to achieving independence and goals through cryptocurrencies; (ii) investment, indicating potential profitability; (iii) cryptocurrencies as a medium of exchange, as an alternative for transactions; and (iv) locus of control, related to individual attribution of success or failure in the crypto market. The results of the confirmatory factor analysis (CFA) on an independent sample ( N = 133, mean age = 34.47, SD = 11.79) confirm the four‐factor structure of the scale. The correlation analysis showed that positive beliefs toward cryptocurrencies as a medium of exchange and as investments are significantly correlated with willingness to engage and hold cryptocurrencies. Internal locus of control negatively correlates with willingness to engage with cryptocurrencies but does not significantly affect the amount held or investment willingness. Social influence plays a role in shaping perceptions of cryptocurrencies as a medium of exchange and investment but does not significantly impact locus of control or self‐fulfillment. Self‐fulfillment is positively correlated with willingness to engage with cryptocurrencies and investment willingness, albeit with weaker correlations. This study showed that the SBaC is a valuable tool for assessing cryptocurrencies’ beliefs, predicting behavioral intentions, and understanding cognitive processes driving engagement with digital currencies.

Anthony Chidi Nzomiwu, Franca Okoye

No abstract is available for this record.

Anthony Chidi Nzomiwu, Franca Okoye, Michael Ndubisi Nwobodo

No abstract is available for this record.

Kevin Werbach

No abstract is available for this record.

David Krause

No abstract is available for this record.

Rafique Adi Putra Mohd Nasir

No abstract is available for this record.

Alexander Baker

No abstract is available for this record.

Nazym Azimbayev, Andrey Kim, Zhassulan Ospanov, Andrew Ang

No abstract is available for this record.

Pamela Agbor

Purpose : This paper explores the emerging role of cryptocurrencies as a distinct asset class within the financial landscape. As digital currencies gain traction among investors and institutions, it becomes essential to analyze their unique characteristics, volatility, and potential for diversification compared to traditional asset classes such as stocks and bonds. The study examines the historical evolution of cryptocurrencies, their investment potential, and the impact of regulatory frameworks on market dynamics. Additionally, it investigates the increasing adoption of cryptocurrencies by institutional investors and the challenges they face, including market volatility and security risks. Ultimately, this research aims to provide a comprehensive understanding of cryptocurrencies as a legitimate asset class and their implications for future investment strategies.

Phani Kumar Solleti, S. Krishna Sakalabattula

The peer-to-peer (P2P) lending model has emerged as a transformative alternative to traditional financial institutions, enabling direct interactions between lenders and borrowers.However, P2P lending platforms face significant challenges, including trust deficits, fraud, high administrative costs, and inefficiencies from manual oversight.Fintech advancements, particularly integrating blockchain technology and smart contracts, offer innovative solutions to these issues.Blockchain provides a decentralized and tamper-proof ledger, ensuring data integrity and transparency in P2P lending transactions.By leveraging smart contracts, loan agreements can be automated and enforced through predefined conditions, eliminating the need for intermediaries and reducing operational delays.Smart contracts enable secure fund disbursement, automated repayments, and fraud prevention while maintaining the transparency required to build trust between parties.This study explores implementing fintech technologies, blockchain, and smart contracts to enhance the efficiency, scalability, and security of P2P lending platforms.The proposed framework minimizes administrative overhead, mitigates trust issues, and fosters greater accessibility, particularly for underserved populations.By addressing the inherent limitations of traditional P2P lending, this approach transforms the lending ecosystem and contributes to the broader adoption of decentralized finance (DeFi) solutions, promising a more inclusive and efficient financial future.

Maja Dimić, Nikola Knežević, Olja Arsenijević

This paper aims to analyze the role of blockchain technology in the transformation of the financial sector, with particular emphasis on its application within FinTech solutions and its potential to drive structural changes in financial markets. Over the past decade, FinTech has experienced rapid growth, significantly reshaping traditional financial services through digital innovation. This evolution is characterized by the integration of technologies that enable novel forms of access to financial products and services, including online banking, mobile payments, and digital lending platforms. Concurrently, there has been a pronounced increase in investment in technological innovations within the financial sector, reflecting a high level of market and institutional interest in FinTech solutions. Within this ongoing digital transformation, blockchain technology stands out as a disruptive infrastructure with the capacity to redefine operational, security, and regulatory frameworks of current financial systems. Its core attributes: decentralization, immutability of records, and transparency, facilitate accelerated transaction processing, reduction of transaction costs, elimination of intermediaries, and enhanced security of financial operations. Special attention in the analysis of modern FinTech innovations is given to smart contracts and decentralized finance (DeFi).

Lauri Naskali

Tutkielma tarkastelee älysopimusten ja lohkoketjuteknologian soveltamista vakuutusliiketoiminnassa, painopisteenä parametriset vakuutukset. Tavoitteena on arvioida, miten teknologia vaikuttaa vakuutusmarkkinoiden keskeisiin ongelmiin — haitalliseen valikoitumiseen, moraalikatoon, kilpailuun ja hallinnolliseen tehokkuuteen — sekä millaisia haasteita käyttöönottoon liittyy. Menetelmänä on kirjallisuuskatsaus, jota täydennetään olemassa olevien ratkaisujen tapausesimerkeillä.

Bahadir Köksal

No abstract is available for this record.

Helen Fielder

In recent years, Bitcoin has moved beyond the status of a speculative asset. It is increasingly being adopted by governments, financial institutions, and pension funds worldwide. This growing institutional interest highlights Bitcoin's potential as a legitimate asset class and financial tool, suggesting that it is not merely a speculative "mania" but rather a groundbreaking asset with a role in modern financial transactions. However, despite its rising acceptance, taking security over Bitcoin presents unique challenges for holders and lenders. In this first article in our series, "Securing Non-Traditional Assets," we delve into these challenges, exploring the issues that both parties face when using Bitcoin as security to acquire other assets or secure loans.

Dawei Xu, Fan Huang, Jiaxin Zhang, Yunfang Liang · 6 authors

With the rapid proliferation of Internet of Things (IoT) devices, ensuring their communication security has become increasingly important. Blockchain and smart contract technologies, with their decentralized nature, provide s... | Find, read and cite all the research you need on Tech Science Press

Jian Nong Wang

Decentralized Finance (DeFi) has become a transformative force in the financial sector, using blockchain technology to create open, permissionless financial services. Its total value locked (TVL) grew from $675 million in 2020 to $180 billion in 2021, before stabilizing at $40-50 billion in 2023. This research examines DeFi infrastructure, applications, and governance mechanisms; analyzes challenges limiting adoption; and identifies trends shaping its evolution. Through analysis of literature, reports, and market data, this study examines DeFi’s technical foundations, application scenarios, governance structures, and development challenges. Results indicate DeFi has established robust foundations supporting diverse ecosystems but faces barriers in technical (scalability, security), regulatory (compliance, legal uncertainty), and market dimensions. Future evolution may be characterized by four trends: integration with traditional finance, cross-chain interoperability, balancing privacy with regulatory compliance, and institutionalization with maturing financial engineering. These findings contribute to literature on blockchain-based financial systems and provide guidance for practitioners, regulators, and researchers.

Harry Wilson

No abstract is available for this record.

Pristly Turjo Mazumder

No abstract is available for this record.

Edgar Roberto Dulce Villarreal, Enrique Moguel, José Garcí­a-Alonso, Juan Pablo Cuervo · 5 authors

No abstract is available for this record.

一冰 王

本文系统探究区块链技术在电子商务交易场域中的赋能机制及其优化策略。基于分布式账本技术的去中心化架构与密码学机制，论证区块链通过构建不可篡改的数据存证系统、透明可溯的交易验证体系及智能合约的自动化执行框架重构电商交易信任机制。区块链可有效强化交易主体间的协同信任，实现交易数据确权、流程追溯与合约执行的三重保障，从而系统性提升交易安全性与信息透明度。区块链技术在赋能过程中也面临多维制约，如数据模糊与跨境监管框架缺失等合规性挑战、技术改造成本边际效益递减与市场认知差异等现实壁垒。区块链赋能电商交易亟待明确的数据安全和隐私保护政策、并建立行业标准和合规框架，以便为区块链赋能电商交易提供更具创新性和价值的交易环境。This study systematically investigates the empowerment mechanisms and optimization strategies of blockchain technology in the field of e-commerce transactions. Grounded in the decentralized architecture of distributed ledger technology (DLT) and cryptographic protocols, it demonstrates how blockchain reconstructs trust mechanisms in e-commerce by establishing tamper-proof data authentication systems, transparent and traceable transaction verification frameworks, and automated smart contract execution protocols. Blockchain technology enhances collaborative trust among transactional entities through triple safeguards—data ownership confirmation, process traceability, and contract enforcement—thereby systematically improving transactional security and information transparency. However, blockchain technology also faces multi-dimensional constraints in the process of empowerment, such as compliance challenges like data ambiguity and lack of cross-border regulatory frameworks, and practical barriers like diminishing marginal benefits of technological transformation costs and differences in market perceptions. The study concludes that blockchain-enabled e-commerce transactions necessitate the formulation of explicit data security and privacy protection policies, alongside establishing industry-wide standards and compliance frameworks, to foster a more innovative and value-driven transactional ecosystem.

Adaobi Ndukaji

No abstract is available for this record.