Given the exponential expansion of the internet, the possibilities of security attacks and cybercrimes have increased accordingly. However, poorly implemented security mechanisms in the Internet of Things (IoT) devices make them susceptible to cyberattacks, which can directly affect users. IoT forensics is thus needed to investigate and mitigate such attacks. While many works have examined IoT applications and challenges, only a few have focused on both the forensic and security issues in IoT. Therefore, this paper reviews forensic and security issues associated with IoT in different fields. Prospects and challenges in IoT research and development are also highlighted. As the literature demonstrates, most IoT devices are vulnerable to attacks due to a lack of standardized security measures. Unauthorized users could get access, compromise data, and even benefit from control of critical infrastructure. To fulfill the security-conscious needs of consumers, IoT can be used to develop a smart home system by designing the security-conscious needs of consumers; IoT can be used to create a smart home system by designing an IoT can be used to develop a smart home system by designing a FLIP-based system that is highly scalable and adaptable. A blockchain-based authentication mechanism with a multi-chain structure can provide additional security protection between different trust domains. Deep learning can be utilized to develop a network forensics framework with a high-performing system for detecting and tracking cyberattack incidents. Moreover, researchers should consider limiting the amount of data created and delivered when using big data to develop IoT-based smart systems. The findings of this review will stimulate academics to seek potential solutions for the identified issues, thereby advancing the IoT field.
Aryan Soltani Mohammadi, Moein Karami, Amir Pasha Motamed, Behnam Bahrak
The properties of tokens within the Ethereum blockchain, such as their current prices, trade volumes, and potential future values, have been the subjects of numerous studies. Employing social networks and graphs, as powerful tools for modeling connections within groups or communities would provide valuable guidance for analyzing these properties. This study mainly focuses on creating and examining networks related to two major decentralized exchanges including Uniswap Version 2 (UniswapV2) and SushiSwap. We have discovered that the distribution of nodes' degrees follows a power law that makes them scale-free networks, in addition, the centrality of tokens in exchange graphs provides valuable insights into their price and significance in cryptocurrency markets. These measures of centrality can be used to detect anomalies in cryptocurrency markets and prices. Notably, these networks exhibit remarkably similar structures, hinting at exciting research opportunities for modeling such networks.
This paper proposes a new approach for change point detection in multivariate Hawkes processes using Fréchet statistic of a network. The method splits the point process into overlapping windows, estimates kernel matrices in each window, and reconstructs the signed Laplacians by treating the kernel matrices as the adjacency matrices of the causal network. We demonstrate the effectiveness of our method through experiments on both simulated and cryptocurrency datasets. Our results show that our method is capable of accurately detecting and characterizing changes in the causal structure of multivariate Hawkes processes, and may have potential applications in fields such as finance and neuroscience. The proposed method is an extension of previous work on Fréchet statistics in point process settings and represents an important contribution to the field of change point detection in multivariate point processes.
Petar Radanliev, David De Roure, Peter Novitzky, Ivo Sluganovic
Despite the proliferation of Blockchain Metaverse projects, the inclusion of physically disabled individuals in the Metaverse remains distant, with limited standards and regulations in place. However, the article proposes a concept of the Metaverse that leverages emerging technologies, such as Virtual and Augmented Reality, and the Internet of Things, to enable greater engagement of disabled creatives. This approach aims to enhance inclusiveness in the Metaverse landscape. Based on the findings, the paper concludes that the active involvement of physically disabled individuals in the design and development of Metaverse platforms is crucial for promoting inclusivity. The proposed framework for accessibility and inclusiveness in Virtual, Augmented, and Mixed realities of decentralised Metaverses provides a basis for the meaningful participation of disabled creatives. The article emphasises the importance of addressing the mechanisms for art production by individuals with disabilities in the emerging Metaverse landscape. Additionally, it highlights the need for further research and collaboration to establish standards and regulations that facilitate the inclusion of physically disabled individuals in Metaverse projects.
Rafael Ramos Tubino, Rémy Cazabet, Natkamon Tovanich, Céline Robardet
We study the real economic activity in the Bitcoin blockchain that involves transactions from/to retail users rather than between organizations such as marketplaces, exchanges, or other services. We first introduce a heuristic method to classify Bitcoin players into three main categories: Frequent Receivers (FR), Neighbors of FR, and Others. We show that most real transactions involve Frequent Receivers, representing a small fraction of the total value exchanged according to the blockchain, but a significant fraction of all payments, raising concerns about the centralization of the Bitcoin ecosystem. We also conduct a weekly pattern analysis of activity, providing insights into the geographical location of Bitcoin users and allowing us to quantify the bias of a well-known dataset for actor identification.
Offering an architecture for social networking in which people have agency over their personal information and social graph is an open challenge. Here we present a grassroots architecture for serverless, permissionless, peer-to-peer social networks termed Grassroots Social Networking that aims to address this challenge. The architecture is geared for people with networked smartphones -- roaming (address-changing) computing devices communicating over an unreliable network (e.g., using UDP). The architecture incorporates (i) a decentralized social graph, where each person controls, maintains and stores only their local neighborhood in the graph; (iii) personal feeds, with authors and followers who create and store the feeds; and (ii) a grassroots dissemination protocol, in which communication among people occurs only along the edges of their social graph. The architecture realizes these components using the blocklace data structure -- a partially-ordered conflict-free counterpart of the totally-ordered conflict-based blockchain. We provide two example Grassroots Social Networking protocols -- Twitter-like and WhatsApp-like -- and address their security (safety, liveness and privacy), spam/bot/deep-fake resistance, and implementation, demonstrating how server-based social networks could be supplanted by a grassroots architecture.
This paper presents a comprehensive analysis of the cryptocurrency free giveaway scam disseminated in a new distribution channel, Twitter lists. To collect and detect the scam in this channel, unlike existing scam detection systems that rely on manual effort, this paper develops a fully automated scam detection system, \textit{GiveawayScamHunter}, to continuously collect lists from Twitter and utilize a Nature-Language-Processing (NLP) model to automatically detect the free giveaway scam and extract the scam cryptocurrency address. By running \textit{GiveawayScamHunter} from June 2022 to June 2023, we detected 95,111 free giveaway scam lists on Twitter that were created by thousands of Twitter accounts. Through analyzing the list creator accounts, our work reveals that scammers have combined different strategies to spread the scam, including compromising popular accounts and creating spam accounts on Twitter. Our analysis result shows that 43.9\% of spam accounts still remain active as of this writing. Furthermore, we collected 327 free giveaway domains and 121 new scam cryptocurrency addresses. By tracking the transactions of the scam cryptocurrency addresses, this work uncovers that over 365 victims have been attacked by the scam, resulting in an estimated financial loss of 872K USD. Overall, this work sheds light on the tactics, scale, and impact of free giveaway scams disseminated on Twitter lists, emphasizing the urgent need for effective detection and prevention mechanisms to protect social media users from such fraudulent activity.
Alexander Shevtsov, Despoina Antonakaki, Ioannis Lamprou, Ioannis Kontogiorgakis · 6 authors
On 24 February 2022, Russia invaded Ukraine, starting what is now known as the Russo-Ukrainian War, initiating an online discourse on social media. Twitter as one of the most popular SNs, with an open and democratic character, enables a transparent discussion among its large user base. Unfortunately, this often leads to Twitter's policy violations, propaganda, abusive actions, civil integrity violation, and consequently to user accounts' suspension and deletion. This study focuses on the Twitter suspension mechanism and the analysis of shared content and features of the user accounts that may lead to this. Toward this goal, we have obtained a dataset containing 107.7M tweets, originating from 9.8 million users, using Twitter API. We extract the categories of shared content of the suspended accounts and explain their characteristics, through the extraction of text embeddings in junction with cosine similarity clustering. Our results reveal scam campaigns taking advantage of trending topics regarding the Russia-Ukrainian conflict for Bitcoin and Ethereum fraud, spam, and advertisement campaigns. Additionally, we apply a machine learning methodology including a SHapley Additive explainability model to understand and explain how user accounts get suspended.
Blockchain-based cryptocurrencies have become an extremely important, highly-used, technology. A major criticism of cryptocurrencies, however, is their energy consumption. In May 2022 Bitcoin alone was reported to be consuming 150 terawatt-hours of electricity annually; more than many entire countries. Hence, any meaningful efficiency increase in this process would have a tremendous positive impact. Meanwhile, practical applications of quantum information technologies, and in particular of near-term quantum computers (NISQ) continue to be an important research question. Here, we study the efficiency benefits of moving cryptocurrency mining from current ASIC-based miners to quantum, and in particular NISQ, miners. While the time-efficiency benefits of quantum technologies is extremely well-studied, here we focus on energy savings. We show that the transition to quantum-based mining could incur an energy saving, by relatively conservative estimates, of about roughly 126.7TWH, or put differently the total energy consumption of Sweden in 2020.
Simone Casale-Brunet, Leonardo Chiariglione, Marco Mattavelli
In recent years the concept of metaverse has evolved in the attempt of defining richer immersive and interactive environments supporting various types of virtual experiences and interactions among users. This has led to the emergence of various different metaverse platforms that utilize blockchain technology and non-fungible tokens (NFTs) to establish ownership of metaverse elements and attach features and information to it. This article will delve into the heterogeneity of the data involved in these metaverse platforms, as well as highlight some dynamics and features of them. Moreover, the paper introduces a metaverse analysis tool developed by the authors, which leverages machine learning techniques to collect and analyze daily data, including blockchain transactions, platform-specific metadata, and social media trends. Experimental results are reported are presented with a use-case scenario focused on the trading of digital parcels, commonly referred to as metaverse real estate.
Among the earliest projects to combine the Meta-verse and non-fungible tokens (NFTs) we find Decentraland, a blockchain-based virtual world that touts itself as the first to be owned by its users. In particular, the platform’s virtual wearables (which allow avatar appearance customization) have attracted much attention from users, content creators, and the fashion industry. In this work, we present the first study to quantitatively characterize Decentraland’s wearables, their publication, minting, and sales on the platform’s marketplace. Our results indicate that wearables are mostly given away to promote and increase engagement on other cryptoasset or Metaverse projects, and only a small fraction is sold on the platform’s marketplace, where the price is mainly driven by the preset wearable’s rarity. Hence, platforms that offer virtual wearable NFTs should pay particular attention to the economics around this kind of assets beyond their mere sale.
With the overall momentum of the blockchain industry, crypto-based crimes are becoming more and more prevalent. After committing a crime, the main goal of cybercriminals is to obfuscate the source of the illicit funds in order to convert them into cash and get away with it. Many studies have analyzed money laundering in the field of the traditional financial sector and blockchain-based Bitcoin. But so far, little is known about the characteristics of crypto money laundering in the blockchain-based Web3 ecosystem. To fill this gap, and considering that Ethereum is the largest platform on Web3, in this paper, we systematically study the behavioral characteristics and economic impact of money laundering accounts through the lenses of Ethereum heists. Based on a very small number of tagged accounts of exchange hackers, DeFi exploiters, and scammers, we mine untagged money laundering groups through heuristic transaction tracking methods, to carve out a full picture of security incidents. By analyzing account characteristics and transaction networks, we obtain many interesting findings about crypto money laundering in Web3, observing the escalating money laundering methods such as creating counterfeit tokens and masquerading as speculators. Finally, based on these findings we provide inspiration for anti-money laundering to promote the healthy development of the Web3 ecosystem.
Phishing is a widespread scam activity on Ethereum, causing huge financial losses to victims. Most existing phishing scam detection methods abstract accounts on Ethereum as nodes and transactions as edges, then use manual statistics of static node features to obtain node embedding and finally identify phishing scams through classification models. However, these methods can not dynamically learn new Ethereum transactions. Since the phishing scams finished in a short time, a method that can detect phishing scams in real-time is needed. In this paper, we propose a streaming phishing scam detection method. To achieve streaming detection and capture the dynamic changes of Ethereum transactions, we first abstract transactions into edge features instead of node features, and then design a broadcast mechanism and a storage module, which integrate historical transaction information and neighbor transaction information to strengthen the node embedding. Finally, the node embedding can be learned from the storage module and the previous node embedding. Experimental results show that our method achieves decent performance on the Ethereum phishing scam detection task.
Occupational stress among health workers is a pervasive issue that affects individual well-being, patient care quality, and healthcare systems' sustainability. Current time-tracking solutions are mostly employer-driven, neglecting the unique requirements of health workers. In turn, we propose an open and decentralized worker-centered solution that leverages machine intelligence for occupational health and safety monitoring. Its robust technological stack, including blockchain technology and machine learning, ensures compliance with legal frameworks for data protection and working time regulations, while a decentralized autonomous organization bolsters distributed governance. To tackle implementation challenges, we employ a scalable, interoperable, and modular architecture while engaging diverse stakeholders through open beta testing and pilot programs. By bridging an unaddressed technological gap in healthcare, this approach offers a unique opportunity to incentivize user adoption and align stakeholders' interests. We aim to empower health workers to take control of their time, valorize their work, and safeguard their health while enhancing the care of their patients.
In recent years, Blockchain-based Online Social Media (BOSM) platforms have evolved fast due to the advancement of blockchain technology. BOSM can effectively overcome the problems of traditional social media platforms, such as a single point of trust and insufficient incentives for users, by combining a decentralized governance structure and a cryptocurrency-based incentive model, thereby attracting a large number of users and making it a crucial component of Web3. BOSM allows users to downvote low-quality content and aims to decrease the visibility of low-quality content by sorting and filtering it through downvoting. However, this feature may be maliciously exploited by some users to undermine the fairness of the incentive, reduce the quality of highly visible content, and further reduce users' enthusiasm for content creation and the attractiveness of the platform. In this paper, we study and analyze the downvoting behavior using four years of data collected from Steemit, the largest BOSM platform. We discovered that a significant number of bot accounts were actively downvoting content. In addition, we discovered that roughly 9% of the downvoting activity might be retaliatory. We did not detect any significant instances of downvoting on content for a specific topic. We believe that the findings in this paper will facilitate the future development of user behavior analysis and incentive pattern design in BOSM and Web3.
The food supply chain, following its globalization, has become very complex. Such complexities, introduce factors that influence adversely the quality of intermediate and final products. Strict constraints regarding parameters such as maintenance temperatures and transportation times must be respected in order to ensure top quality and reduce to a minimum the detrimental effects to public health. This is a multi-factorial endeavor and all of the involved stakeholders must accept and manage the logistics burden to achieve the best possible results. However, such burden comes together with additional complexities and costs regarding data storage, business process management and company specific standard operating procedures and as such, automated methods must be devised to reduce the impact of such intrusive operations. For the above reasons, in this paper we present BioTrak: a platform capable of registering and visualizing the whole chain of transformation and transportation processes including the monitoring of cold chain logistics of food ingredients starting from the raw material producers until the final product arrives to the end-consumer. The platform includes Business Process Modelling methods to aid food supply chain stakeholders to optimize their processes and also integrates a blockchain for guaranteeing the integrity, transparency and accountability of the data.
Tanusree Sharma, Yujin Potter, Kornrapat Pongmala, Henry E. Wang · 7 authors
Decentralized Autonomous Organizations (DAOs) have emerged as a novel way to coordinate a group of (pseudonymous) entities towards a shared vision (e.g., promoting sustainability), utilizing self-executing smart contracts on blockchains to support decentralized governance and decision-making. In just a few years, over 4,000 DAOs have been launched in various domains, such as investment, education, health, and research. Despite such rapid growth and diversity, it is unclear how these DAOs actually work in practice and to what extent they are effective in achieving their goals. Given this, we aim to unpack how (well) DAOs work in practice. We conducted an in-depth analysis of a diverse set of 10 DAOs of various categories and smart contracts, leveraging on-chain (e.g., voting results) and off-chain data (e.g., community discussions) as well as our interviews with DAO organizers/members. Specifically, we defined metrics to characterize key aspects of DAOs, such as the degrees of decentralization and autonomy. We observed CompoundDAO, AssangeDAO, Bankless, and Krausehouse having poor decentralization in voting, while decentralization has improved over time for one-person-one-vote DAOs (e.g., Proof of Humanity). Moreover, the degree of autonomy varies among DAOs, with some (e.g., Compound and Krausehouse) relying more on third parties than others. Lastly, we offer a set of design implications for future DAO systems based on our findings.
The fervor for Non-Fungible Tokens (NFTs) attracted countless creators, leading to a Big Bang of digital assets driven by latent or explicit forms of inspiration, as in many creative processes. This work exploits Vision Transformers and graph-based modeling to delve into visual inspiration phenomena between NFTs over the years, i.e., the visual influence that can be detected whenever an NFT appears to be visually close to another that was published earlier in the market. Our goals include unveiling the main structural traits that shape visual inspiration networks, exploring the interrelation between visual inspiration and asset performances, investigating crypto influence on inspiration processes, and explaining the inspiration relationships among NFTs. Our findings unveil how the pervasiveness of inspiration led to a temporary saturation of the visual feature space, the impact of the dichotomy between inspiring and inspired NFTs on their financial performance, and an intrinsic self-regulatory mechanism between markets and inspiration waves. Our work can serve as a starting point for gaining a broader view of the evolution of Web3.
Recent years have witnessed the availability of richer and richer datasets in a variety of domains, where signals often have a multi-modal nature, blending temporal, relational and semantic information. Within this context, several works have shown that standard network models are sometimes not sufficient to properly capture the complexity of real-world interacting systems. For this reason, different attempts have been made to enrich the network language, leading to the emerging field of higher-order networks. In this work, we investigate the possibility of applying methods from higher-order networks to extract information from the online trade of Non-fungible tokens (NFTs), leveraging on their intrinsic temporal and non-Markovian nature. While NFTs as a technology open up the realms for many exciting applications, its future is marred by challenges of proof of ownership, scams, wash trading and possible money laundering. We demonstrate that by investigating time-respecting non-Markovian paths exhibited by NFT trades, we provide a practical path-based approach to fraud detection.
Misinformation propagation in online social networks has become an increasingly challenging problem. Although many studies exist to solve the problem computationally, a permanent and robust solution is yet to be discovered. In this study, we propose and demonstrate the effectiveness of a blockchain-machine learning hybrid approach for addressing the issue of misinformation in a crowdsourced environment. First, we motivate the use of blockchain for this problem by finding the crucial parts contributing to the dissemination of misinformation and how blockchain can be useful, respectively. Second, we propose a method that combines the wisdom of the crowd with a behavioral classifier to classify the news stories in terms of their truthfulness while reducing the effects of the actions performed by malicious users. We conduct experiments and simulations under different scenarios and attacks to assess the performance of this approach. Finally, we provide a case study involving a comparison with an existing approach using Twitter Birdwatch data. Our results suggest that this solution holds promise and warrants further investigation.
As blockchain technology continues to gain attention, there is a growing need to make it more accessible to young learners in K-12 education. However, the technical complexity and lack of accessible tools have been identified as significant barriers to adoption. Our paper proposes a new method for empowering NFTs by continuously updating their metadata using an API layer. The approach aims to reduce the barriers to entry and enable K-12 students to explore blockchain technology in the same way they learn computational thinking through visual programming tools like Scratch. Our method utilizes Google Blockly, a visual programming language, to make updating NFT metadata more accessible and engaging for young learners. By leveraging a familiar and engaging visual programming language, students can develop their computational thinking skills and explore blockchain technology in a fun and intuitive way. The paper discusses the benefits of using NFTs as a learning tool, including how they can help students understand the concept of digital ownership and value. Overall, our proposed method has the potential to promote student engagement and understanding of blockchain technology, which could have significant implications for the future of education.
Blockchain technology has piqued the interest of businesses of all types, while consistently improving and adapting to developers and business owners requirements. Therefore, several blockchain platforms have emerged, making it challenging to select a suitable one for a specific type of business. This paper presents a classification of over one hundred blockchain platforms. We develop smart contracts for detecting healthcare insurance frauds using two blockchain platforms selected based on our proposed decision-making map approach for the selection of the top two suitable platforms for healthcare insurance frauds detection application, followed by an evaluation of their performances. Our classification shows that the largest percentage of blockchain platforms could be used for all types of application domains, and the second biggest percentage is to develop financial services only, even though generic platforms can be used, while a small number is for developing in other specific application domains. Our decision-making map revealed that Hyperledger Fabric is the best blockchain platform for detecting healthcare insurance frauds. The performance evaluation of the top two selected platforms indicates that Fabric surpassed Neo in all metrics.
With the development of decentralized finance (DeFi), lending protocols have been increasingly proposed in the market. A comprehensive and in-depth evaluation of lending protocol is essential to the DeFi market participants. Due to the short development time of DeFi, the current evaluation is limited to the single evaluation indicator, such as total locked value (TVL). To our knowledge, we are the first to study the evaluation model for DeFi lending protocol. In this paper, we build a four-layer lending protocol evaluation model based on Analytic Hierarchy Process (AHP). The model contains three first-level indicators and ten second-level indicators, covering various aspects of the performance of lending protocol. We calculated these indicators by obtaining on-chain and off-chain data of lending protocol. Then we evaluated and ranked six mainstream lending protocols utilizing the proposed model during the period 2021/8/20-2022/11/10. Through comparative analysis of evaluation result, we found that the violent decline in the price of ETH increase the market share of stablecoin in the lending protocols. In addition, we also revealed the reasons for various fluctuations.
Aos Mulahuwaish, Matthew Loucks, Basheer Qolomany, Ala Al‐Fuqaha
Digital cryptocurrencies such as Bitcoin have exploded in recent years in both popularity and value. By their novelty, cryptocurrencies tend to be both volatile and highly speculative. The capricious nature of these coins is helped facilitated by social media networks such as Twitter. However, not everyone's opinion matters equally, with most posts garnering little to no attention. Additionally, the majority of tweets are retweeted from popular posts. We must determine whose opinion matters and the difference between influential and non-influential users. This study separates these two groups and analyzes the differences between them. It uses Hypertext-induced Topic Selection (HITS) algorithm, which segregates the dataset based on influence. Topic modeling is then employed to uncover differences in each group's speech types and what group may best represent the entire community. We found differences in language and interest between these two groups regarding Bitcoin and that the opinion leaders of Twitter are not aligned with the majority of users. There were 2559 opinion leaders (0.72% of users) who accounted for 80% of the authority and the majority (99.28%) users for the remaining 20% out of a total of 355,139 users.