Blockchain Papers

Venice Lei De Luna Lucto

No abstract is available for this record.

X. L. Li, D. H. Chen, Y. F. Liu

In blockchain-enabled supply chain finance, traditional credit risk assessment models suffer from conflicts between data sharing and privacy protection, reliance on static evaluation methods, and limited data credibility. To overcome these challenges, this paper proposes a blockchain-based dynamic credit risk assessment model that integrates privacy computing and intelligent risk monitoring. First, blockchain’s immutability and traceability ensure the authenticity and transparency of supply chain transaction data, effectively mitigating information asymmetry and data tampering. Second, privacy-preserving technologies, including homomorphic encryption based on the Paillier algorithm and zk-SNARKs, enable secure data sharing and validity verification without exposing sensitive enterprise information, thereby improving assessment reliability. Third, a dynamic risk monitoring framework is constructed by combining smart contracts, long short-term memory (LSTM) networks, and an improved dynamic graph neural network (DGNN). LSTM models temporal risk evolution in transaction data, while DGNN captures risk propagation among upstream and downstream enterprises. Smart contracts synchronize transaction states in real time, allowing continuous updates of credit risk levels. The proposed secure information processing and dynamic graph modeling strategy also provides a valuable reference for trustworthy data interaction and intelligent decision-making in distributed electromagnetic sensing and communication networks, where reliable information propagation and adaptive resource management are essential. Experimental results based on a textile supply chain dataset show that the proposed model achieves approximately 94% credit assessment accuracy, outperforming traditional static models by 15%–20%, while maintaining excellent response speed and throughput for dynamic financial decision-making. The proposed framework provides a practical and secure solution for blockchain-based credit risk management and offers methodological insights for data-driven engineering systems requiring secure information fusion and dynamic network analysis.

Dušan Mitrović, Ivan Milenković, Miroslav Minović

The growing use of blockchain in e-commerce has produced hybrid environments in which private enterprise ledgers and public blockchain networks operate side by side. Consequently, efficient and secure interoperability between these networks has become increasingly important. This study presents a cross-chain interoperability framework that links a permissioned Hyperledger Fabric network with a public Ethereum network. The framework provides attestations of selected business events rather than moving assets. An interoperability smart contract on Fabric emits cross-chain events; an off-chain validator enforces uniqueness and replay protection; and a public verification contract on Ethereum records an immutable, publicly verifiable attestation of each event. The framework uses a two-of-three validator threshold to attest events, so safety holds as long as no more than one of the three validators is compromised. The prototype was evaluated by processing 21,000 events across sequential, concurrent, and peak-load workloads. On the local network, message validation averaged approximately 12 ms per event, and the interoperability layer added less than 200 ms of overhead per attestation. Sustained throughput ranged from 13.2 to 14.2 attestations per second, while the validator used approximately 16% mean CPU and less than 194 MiB of memory, with no sustained memory growth during the full experiment. On the Ethereum Sepolia public testnet, 55 transactions were confirmed with a 100% success rate and a mean confirmation time of 10,676.62 ms. Gas consumption stayed stable at about 51,743 gas per verification on the local network and about 189,092 gas on Sepolia, and the mean public testnet transaction cost was 0.000692 Sepolia ETH. Five adversarial tests were conducted, covering replay, forgery, malicious relayers, concurrent replay, and denial-of-service attacks. All five tests passed, including the rejection of 500 concurrent replay attempts with zero double registrations. The results show that the framework provides efficient, verifiable, and replay-resistant cross-chain interoperability suited to hybrid e-commerce ledgers.

De-Graft Johnson Dei, Karim Awudu

The rapid expansion of institutional repositories (IRs) has heightened concerns about digital rights management (DRM), copyright protection, content authenticity, and long-term digital preservation, particularly in developing countries where institutional and technological capacities remain constrained. This study examines the feasibility of adopting blockchain technology as a DRM solution for Ghanaian institutional repositories and evaluates whether its application is transformative or largely aspirational. Guided by the Technology–Organization–Environment (TOE) framework and Diffusion of Innovations (DOI) theory, the study employed a sequential explanatory mixed-methods design that integrated quantitative survey data with qualitative interviews with ICT directors, repository managers, academic librarians, systems librarians, and faculty members from eight Ghanaian universities. The findings reveal low DRM maturity across institutional repositories. 40% of participating institutions lacked formal DRM mechanisms. Although awareness of blockchain technology was moderately high among respondents, substantial disparities existed across stakeholder groups, with ICT personnel demonstrating higher levels of understanding than faculty members and academic librarians. Institutional readiness for blockchain adoption remained generally poor, constrained by inadequate infrastructure, funding limitations, insufficient technical expertise, weak policy frameworks, and low organizational preparedness. Despite these limitations, stakeholders expressed strong support for blockchain’s potential to strengthen tamper-proof authorship verification, enhance content authenticity and integrity, improve transparency through immutable audit trails, and automate copyright management through smart contracts. The study further suggests that capacity building, phased implementation strategies, open-source platforms, interdisciplinary collaboration, and institutional policy alignment are critical pathways for integrating blockchain into institutional repositories. The study concludes that blockchain-enabled DRM in Ghanaian IRs is a promising, emerging innovation and that its successful implementation depends on sustained investment in digital infrastructure, institutional reforms, technical training, and supportive regulatory frameworks.

Jaume Martin Bosch, Marco Combetto, Luca Tangi, A. Paula Rodriguez Müller

Introduction Blockchain technology (BCT) has been widely discussed as a potentially valuable technology for advancing sustainable development in the public sector. Its core features, including transparency, immutability and decentralisation, may contribute to more accountable, efficient and inclusive public services. However, limited empirical evidence exists on how BCT-based public sector initiatives align with the United Nations Sustainable Development Goals (SDGs). Methods This study examines 306 public sector BCT-based use cases across the EU, compiled by the Public Sector Tech Watch observatory. We apply a GPT-4o-based AI text classification pipeline to assess the degree of alignment between project descriptions and the 17 SDGs. The pipeline combines refined SDG descriptors, structured prompting and documented model parameters. Its outputs are benchmarked against a human-coded subset to assess validity. Results The results show strong alignment with SDG 9 (Industry, Innovation and Infrastructure) and SDG 17 (Partnerships for the Goals), followed by more moderate alignment with SDG 8 (Decent Work and Economic Growth). By contrast, goals such as SDG 2, SDG 6 and SDG 14 remain weakly represented. These findings provide an empirical overview of how BCT applications in EU public administrations are framed in relation to the SDGs. Discussion By highlighting patterns of alignment between BCT adoption and the SDGs, this study offers evidence to inform policymakers, practitioners and future research on sustainability-oriented public sector innovation. It also demonstrates the value of AI-assisted classification for mapping large corpora of digital government initiatives, while recognising that the results capture stated or perceived alignment rather than verified sustainability impacts.

Sathy Akter*

Currently, the most significant threat to the validity of academic credentials in the United States is the advanced forgery of transcripts along with diploma mills. This research study addresses the potential of blockchain technology as a decentralized means to protect academic credentials. By integrating recent academic research and technical frameworks, this study analyzes the shift from centralized databases to immutable, distributed ledgers. The integration of various perspectives, including advanced zero-knowledge proof architectures as well as legal frameworks for transnational data circulation, is a major innovation of this study. Using a systematic literature review and a case study approach, the research indicates that though blockchain's potential to enhance security and automate processes through smart contracts is indeed great, a number of legal, compliance, and technical barriers have to be removed for it to be a viable option. This study proposes that the combination of artificial intelligence (AI), along with blockchain technology, provides the most secure option for U.S. higher education institutions.

Goldy Soni

This chapter proposes an integrated Blockchain–IoT–AI framework for secure and intelligent quality traceability, particularly in agricultural and rice supply chains. It explains how IoT sensors can continuously collect physical and environmental information, AI models can analyze images and sensor data for quality assessment, and blockchain can securely record important quality events and processing information. The framework supports unique digital identities for rice batches, quality monitoring, defect detection, moisture estimation, quality scoring, and QR-based access to traceability information. The chapter examines applications in rice quality certification, smart rice mills, food safety, warehouses, export-quality monitoring, consumer verification, and government procurement. Challenges related to data quality, sensor reliability, interoperability, stakeholder participation, scalability, and regulatory coordination are also addressed.

Rashon Rahming

The programmable economy lacks a universal computational layer capable of interpreting, translating, verifying, and simulating the mathematical and cryptographic operations that underpin digital assets. Existing tools are fragmented: wallet software provides only rudimentary transaction signing, portfolio trackers offer aggregated views without evidence, and specialized calculators address isolated problems. No general-purpose, cryptographically verifiable, language-native computational environment exists for digital value. KHOTOR is designed to fill this gap. It is a universal, deterministic runtime that interprets the anti-entropic linguistic protocol Kryptophon, transforms plain-language queries into executable computational expressions, and performs multi-domain financial mathematics across asset conversion, transaction analysis, decentralized finance, tokenomics simulation, cryptographic proof generation, and risk assessment. Every output carries an epistemic classification — verified, observed, inferred, simulated, or uncertain — and can be exported as a Gamma-Proof: a cryptographically signed, independently verifiable artifact. This paper presents the complete KHOTOR architecture: a ten-layer computational engine, a formal abstract machine for Kryptophon evaluation, a tiered adoption model that makes the programmable economy accessible to non-technical users while creating a new domain of expertise for professionals, and a product family spanning a public cloud API, a web platform, a handheld consumer device, and integration with dedicated hardware instruments. All components are designed around a single governing principle: every calculation shows its work, every output carries a truth label, and no inference is ever presented as fact.

Beacon Kit

Beacon Kit: Ecosystem epoch heartbeat @ the world game (s). Block-time arbitrage tokenized commodity index, adaptive procedural template @ system of federated DeFi cryptocurrency quantum - AI systems consensus

G. Weerasinghe, M. M. S. A. Karunarathna

The rapid growth of cryptocurrencies and increasing instability in traditional financial systems have significantly transformed global investment behaviour in recent years. In developing countries experiencing economic crises and currency depreciation, investors increasingly seek alternative financial assets that can preserve value and generate higher returns. Sri Lanka has recently experienced severe economic instability characterised by inflation, foreign-exchange shortages, sovereign debt problems, and rapid depreciation of the Sri Lankan rupee. Under these conditions, interest in cryptocurrency investment has increased, particularly among younger and technologically aware investors. Therefore, this study examines whether fiat currency devaluation shifts investment from the stock market to the cryptocurrency market among university students in Sri Lanka. The study adopts a quantitative research approach and uses primary data collected through a structured questionnaire from 150 final-year undergraduate students at the University of Sri Jayewardenepura. Stratified random sampling was used to select respondents from the Faculty of Humanities and Social Sciences, the Faculty of Management Studies and Commerce, and the Faculty of Applied Sciences. Descriptive statistics, chi-square analysis, and binary logistic regression were employed to analyse the relationship between rupee depreciation and cryptocurrency investment behaviour. The findings reveal that depreciation of the Sri Lankan rupee significantly influences investment decisions among university students. Most respondents perceived cryptocurrency investment as more profitable than stock-market investment during periods of economic uncertainty. The chi-square analysis identified significant relationships between cryptocurrency investment behaviour and age, income, stock-market investment, and perceptions of rupee depreciation. Furthermore, the binary logistic regression results confirmed that rupee depreciation positively and significantly affects cryptocurrency investment, whereas stock-market investment had a negative relationship with cryptocurrency investment behaviour. The study concludes that economic instability, declining confidence in fiat currency, and increasing awareness of digital financial systems encourage university students in Sri Lanka to shift their investment preferences from the traditional stock market to cryptocurrency.

Kiryl Minkin, Dariusz Drążkowski

This systematic review synthesises empirical research on individual-level cryptocurrency adoption, distinguishing adoption intention, actual adoption and use, and continuance intention and use. We searched Scopus and Web of Science for English-language empirical studies published between 2019 and 2025 and synthesised findings using a structured narrative approach. Eighty-five studies were included, with reported sample sizes summing to 56,054 participants. No formal study-level risk-of-bias assessment was conducted. The literature was dominated by cross-sectional quantitative studies and technology-adoption frameworks, particularly UTAUT, TAM, TPB, and DOI. Evidence was strongly concentrated on adoption intention (n = 75), whereas actual adoption and use (n = 16) and continuance intention and use (n = 8) were examined much less frequently. Across studies, adoption was associated with psychological, technological, social, economic, knowledge-related, institutional, and individual factors, with no single determinant consistently dominating across outcomes. The synthesis further distinguished direct predictors, mediating mechanisms, moderators, drivers, and barriers. The evidence base is limited by its reliance on self-reported, cross-sectional designs and uneven coverage of realised and continued engagement. Future research should more clearly specify adoption outcomes and use longitudinal, behavioural, and post-adoption designs.

Joel Humphries

While much has been written about the volatility of digital assets, academic scholarship has largely overlooked how blockchain technologies have been adopted and reimagined by LGBTQ+ communities. This article addresses that gap through a digital ethnography of queer NFT communities active during the crypto craze of 2022, combining online participant observation with semi-structured interviews. Drawing on José Esteban Muñoz’s concept of queer futurity, it examines how queer users imagined blockchain as a speculative platform for alternative economic and social possibility—despite the financial risks embedded in the technology’s libertarian and capitalist structures. The article interrogates the utopian rhetoric of inclusion, decentralisation, and wealth redistribution that was deployed within these communities to justify their interest in and holdings of non-fungible tokens (NFTs) and cryptocurrency. Queer leaders leveraged the blockchain to foster inclusive digital communities and promote wealth circulation amongst LGBTQ+ individuals, while community members embraced the technology as a risky opportunity for queer economic mobility. The article positions blockchain as a contested site where competing futurities collide—offering the illusion of liberation and the reproduction of existing inequalities. It argues that while queer users sought to make the blockchain ‘queer from the start,’ their efforts were ultimately constrained by the capitalist logics that underpin the technology.

Muhammad Farooq Shaikh, S. Hamza Hassan, Jawwad Shamsi, Alessia Maccaro · 5 authors

Background and objective The integration of blockchain and digital twin (DT) technologies is increasingly recognised as a promising approach for improving healthcare data integrity, interoperability, privacy, and clinical decision support. While digital twins enable dynamic patient modelling and predictive healthcare applications, blockchain provides secure data governance through decentralised trust, auditability, and access control. However, existing research remains fragmented, with limited synthesis of the architectural integration, regulatory readiness, ethical governance, and interoperability of blockchain-enabled healthcare digital twin systems. This systematic scoping review addresses these gaps by providing a comprehensive architectural and compliance-oriented analysis of the current evidence. Methods A systematic scoping review was conducted following PRISMA 2020 guidelines using Scopus, PubMed, and Web of Science. From 148 identified records, 55 eligible studies published between 2020 and 2025 were included after duplicate removal and eligibility screening. Data were extracted on digital twin functionality, blockchain architecture, healthcare application domains, consensus mechanisms, privacy-preserving strategies, and regulatory and ethical alignment. Structured Python-based visual mapping and comparative analyses were performed to identify architectural, governance, and compliance patterns across the literature. Results The findings demonstrate that blockchain is predominantly employed to provide access control, audit logging, data integrity, consent management, and secure data provenance within healthcare digital twin ecosystems. Patient-level and EHR-centred digital twins represented the most mature application areas, whereas cross-domain and infrastructure-level frameworks dominated early architectural exploration. The review identifies recurring compliance-oriented architectural patterns while revealing substantial gaps in clinically validated deployments, interoperability with established healthcare standards, decentralised governance models, and formal implementation of GDPR- and HIPAA-compliant engineering practices. Comparative heatmap analyses further highlight the uneven maturity of ethical governance and regulatory integration across blockchain functionalities. Conclusion This review provides the first comprehensive compliance-oriented architectural synthesis of blockchain-enabled healthcare digital twin systems by integrating technical architecture, regulatory readiness, ethical governance, and privacy-preserving design patterns within a unified analytical framework. The proposed architectural mapping identifies critical research gaps in interoperability, governance engineering, consensus optimisation, and real-world clinical validation, providing a foundation for the development of trustworthy, GDPR/HIPAA-aligned, FHIR-compatible, and clinically interoperable healthcare digital twin ecosystems.

Tan Liu, Yimin Yu

No abstract is available for this record.

Vivek Kumar and Sumit Lal

The use of a wireless sensor network is increasingly supporting e-governance functions such as municipal utility monitoring, environmental monitoring, grievance-based field reporting, and smart public service delivery. Most wireless sensor network architectures rely on a gateway or database. However, this introduces vulnerabilities to data integrity, node accountability, and auditability. This study examines transparency through a blockchain-enabled WSN architecture for e-governance. The study applies a reproducible Python-based Monte Carlo simulation with a fixed random seed, five node densities, three architectural scenarios, and 450 observations. The scenarios that are compared in this work are a normal WSN, a centralized secure WSN, and a permissioned blockchain-enabled WSN with smart-contract-based identity registration, hash-linked data records, trust scoring, and tamper verification. Descriptive statistics, one-way ANOVA, Welch t-tests, Pearson correlation, and multiple linear regression analysis. The blockchain-assisted WSN, as evidenced by the simulation findings of our project, produced the highest mean data integrity score, tampering detection rate, trust score, malicious node detection rate, and packet delivery ratio. The architecture also improved the composite service efficiency index relative to the conventional baseline, even though it introduced higher latency, transaction confirmation time, and energy consumption. The research indicates that the permissioned blockchain can enhance public-sector WSN transparency with edge aggregation and lightweight cryptographic operations along with carefully tuned endorsement rules. The methods presented in this study allow for scrutiny of secure WSN designs tailored for e-governance.

Faisal Santiago

The development of blockchain technology has given rise to the Decentralized Autonomous Organization (DAO), a new business organizational model that operates through smart contracts in a decentralized manner, without a conventional management structure. The existence of DAOs has not been accommodated in the Indonesian corporate legal system, creating a legal vacuum regarding legal subject status, accountability, legal standing, taxation, and dispute resolution. This study aims to analyze the characteristics of DAOs from a corporate law perspective and the urgency of convergence between corporate law and blockchain technology in its regulation in Indonesia. The study employs a normative juridical method with statutory, conceptual, and comparative approaches. The results indicate the need for regulations that recognize and regulate DAOs as digital business entities to achieve legal certainty, legal protection, and a sustainable digital investment climate.

Syarif Budi Santoso, Yudi Widagdo Harimurti

The rapid advancement of artificial intelligence (AI) and blockchain technologies has fundamentally transformed the normative foundations, authority structures, and legitimacy of contemporary legal systems. While these technologies are commonly portrayed as instruments for enhancing efficiency and legal certainty, their increasing integration into legal decision-making raises profound philosophical questions concerning the nature of law, justice, and human agency. This article critically examines how AI and blockchain reshape legal normativity through the lens of legal philosophy. Employing a normative juridical methodology supported by conceptual and philosophical approaches, the study analyzes the implications of algorithmic decision-making and decentralized technological infrastructures for the evolution of legal authority. The findings demonstrate a paradigmatic shift from human-centered normative reasoning toward computational rationality grounded in algorithmic logic. AI replaces interpretative legal reasoning with probabilistic prediction, privileging statistical inference over moral deliberation. Simultaneously, blockchain institutionalizes automated legal enforcement through smart contracts, thereby minimizing interpretative discretion and limiting the contextual flexibility traditionally required to achieve substantive justice. These developments contribute to the emergence of what this article conceptualizes as post-human legal normativity, in which legal authority increasingly resides within technological systems rather than human reasoning and institutional judgment. The study argues that this transformation generates significant challenges to justice, transparency, accountability, and democratic legitimacy. The growing reliance on algorithmic authority risks reducing law to a technical mechanism detached from its ethical and normative foundations. Consequently, the philosophy of law must be reconstructed to reaffirm the centrality of human agency in legal governance and to ensure that emerging technologies function as instruments serving legal values rather than autonomous sources of legal authority.

V V S R Harshadeep Chikkala, Ramana Dr. K. V

Transformer-based detectors for Solidity smart contracts almost universally encode a contract within a single 512-token window, then attribute performance differences to the choice of pre-trained encoder. We show this attribution is misplaced. On DIVE-25 (22,330 deployed contracts, eight DASP categories, multi-label at 2.46 labels per contract) the median contract occupies 2,994 sub-word tokens and only 5.48% fit a single window. We segment each contract at top-level declaration boundaries, pack the segments greedily into at most 24 chunks of 510 tokens for an effective context of 12,240 tokens covering 98.25% of the corpus, and recombine the chunk representations with a bidirectional LSTM under additive attention. Holding preprocessing, chunk budget, pooling, aggregator, loss, schedule, seeds and split identical, the extended context is worth +0.1038 micro-F1 and +0.1722 macro-F1 over single-window truncation, roughly four times the benefit of the best available encoder. The loss under truncation is markedly uneven: Front Running falls by 0.294 and Time manipulation by 0.262, while Access Control, whose indicators sit near the top of a file, loses 0.010. Fifty-one structural measurements and a five-relation contract graph enter the classifier through per-class gates initialised at σ(−4) ≈ 0.018, so any contribution must be learned; both open, and the resulting gain is 1.9 times larger on categories below 900 test instances. Under family-aware leakage-controlled partitioning the complete system reaches 0.8435 micro-F1 and0.7775 macro-F1, with the fusion gain significant under a paired bootstrap (macro-F1 +0.0173, 95% CI [+0.0113, +0.0236]). We report every result additionally on a twin-free test subset from which the 39.58% of test contracts sharing a structural twin with training are removed. Finally, evaluated against human-verified exploitability judgements the detector scores 0.455 mean AUC, below a baseline built from contract size and compiler version alone (0.735), bounding what any detector trained on analyser consensus can be claimed to do.

Kamalakshi U., Malatesh S. H.

Land ownership management is a critical administrative process that requires secure record maintenance, transparent ownership verification, and efficient property transfer mechanisms. Conventional land registry systems primarily depend on centralized databases and paper-based documentation, making them susceptible to document forgery, unauthorized modifications, duplicate ownership claims, lengthy verification procedures, and administrative inefficiencies. These limitations often result in ownership disputes, reduced public trust, and delays in property transactions. This paper presents a Blockchain-Enabled Secure Land Registry Framework that leverages blockchain technology to establish a decentralized, transparent, and tamper-resistant platform for land registration and ownership management. The proposed system integrates a React.js-based user interface with a Node.js and Express.js backend, while Firebase Authentication and Firebase Firestore manage user authentication, supporting documents, and application data. Ethereum smart contracts developed using Solidity are employed to securely record land registration, government verification, and ownership transfer transactions on the blockchain, with Ganache serving as the blockchain testing environment. Every approved transaction generates a unique blockchain transaction hash, enabling secure verification, complete traceability, and immutable ownership history. The hybrid architecture combines the scalability of cloud-based data management with the integrity of blockchain technology to ensure efficient record retrieval while preventing unauthorized alterations. The implemented framework demonstrates secure land registration, transparent ownership transfer, simplified government verification, and reliable auditability with minimal operational complexity. The proposed solution provides a scalable and cost-effective approach for modern digital land administration and establishes a strong foundation for future integration with national land registries, electronic identity verification, GIS-based property mapping, and mobile-enabled citizen services.

Shilpa R. V., Malatesh S. H.

Secure and transparent attendance management has become increasingly important in educational institutions as conventional attendance systems often face challenges such as proxy attendance, unauthorized record modification, and limited traceability. Most existing solutions rely on centralized databases, making them susceptible to data tampering, accidental loss, and single-point failures. This paper presents a Blockchain-Based Attendance Management System that leverages blockchain technology to provide a decentralized and immutable mechanism for recording and verifying attendance information. The proposed framework integrates a React.js-based user interface with a Node.js and Express.js backend, while Firebase Authentication and Firestore manage user authentication and application data. Attendance records are securely stored through Ethereum smart contracts executed on the Ganache blockchain network, with transaction hashes linked to Firebase for efficient retrieval and verification. This hybrid architecture combines the scalability of cloud-based data management with the integrity and transparency of blockchain technology. Once attendance is recorded, the information cannot be altered without detection, ensuring reliable auditability and improved trust among students, faculty members, and administrators. The implemented system demonstrates secure attendance recording, fast verification, and efficient transaction management while reducing the possibility of record manipulation. The proposed solution offers a practical, scalable, and cost-effective approach for modern attendance management and provides a strong foundation for future enhancements such as biometric authentication, QR code-based attendance, and cloud-enabled blockchain deployment.

F.C. Igwe

The study investigated digital currency and blockchain technology in the 21st century financial ecosystem. The empirical study adopted a descriptive survey design. A questionnaire was used for data collection in a sample size of 121 selected randomly from the staff and students of Abia State Polytechnic, Aba. The data collected from the respondents were analyzed with the frequency distribution table and chi-square (x2 ) statistical technique. The findings revealed the imperativeness of digital currency and blockchain technology in the 21st century financial ecosystem. In other words, digital currency and blockchain technology has significant effect with financial ecosystem. The study, therefore, recommended among others that Central bank of Nigeria, legislators and financial stakeholders should collaborate to establish compliance standards and best practices for digital currency and blockchain integration in financial ecosystem. These standards should ensure that digital currency algorithms and blockchain technology conform with regulatory requirements and ethical principles, while promoting transparency and accountability.

Hadeer Khayoon Ashour, Noor Salah Alramadan, Hamid Mohsin Jadah

There is growing interest in using blockchain technology to overcome the flaws of legacy payment systems and banking operations, few empirical efforts have examined the possible use of blockchain by large institutions. The study examines how blockchain is changing the payment systems and banking services with a focus on Citigroup (Citi) and various Citi blockchain projects, specifically Citi Token Services. The study aims to assess the impact of blockchain’s adoption on efficiency, cost reduction, customer confidence and service accessibility. A quantitative research study was conducted in a longitudinal design, and data were analysed using multiple linear regression in the SPSS program from 2020–2024 to check the relationship between variables. The results indicate that blockchain implementation offers considerable transaction speed, operational and transactional cost reduction (up to 80 percent), increased customer trust and broader service access with 24/7 transactions. The regression model explains 51.9 percent of the variance in performance. Although promising, blockchain for banking is still in its infancy and facing a variety of challenges that need to be solved for wider application, such as scalability, regulatory compliance, and integration with existing systems.

D. Monica, Malatesh S. H.

The rapid growth of digital education and online recruitment has significantly increased the demand for reliable academic credential verification. Conventional certificate verification methods are often centralized, time-consuming, and susceptible to document forgery, unauthorized modification, and administrative delays. To address these challenges, this paper presents a Blockchain-Enabled Decentralized Framework for Secure Academic Certificate Issuance and Real-Time Verification. The proposed framework utilizes Ethereum blockchain technology through Solidity smart contracts to establish an immutable and transparent repository of certificate records, ensuring that issued credentials cannot be altered without detection. A SHA-256 cryptographic hashing mechanism is employed to generate unique digital fingerprints for each certificate, while Firebase Authentication and Cloud Firestore provide secure identity management and efficient off-chain metadata storage. The user interface is developed using React.js, enabling educational institutions to issue certificates and allowing employers, universities, and other stakeholders to verify credentials instantly through a simple web-based platform. During verification, the system recomputes the certificate hash and compares it with the blockchain record to detect tampering and validate authenticity in real time. Experimental evaluation on a local Ethereum network demonstrates reliable certificate issuance, rapid verification with sub-second response times, secure transaction handling, and effective resistance against certificate forgery. The proposed framework enhances transparency, trust, and operational efficiency while minimizing manual verification efforts. Furthermore, its modular architecture facilitates future migration to public blockchain networks and decentralized storage platforms, making it suitable for scalable deployment across educational institutions and digital credential ecosystems.

Dodi Setiawan, Sri Sutjiningtyas, A. Eka Hermia Fitrianingsy, Ronald Naibaho · 5 authors

Blockchain consensus mechanisms are critical for ensuring security, efficiency, and scalability in decentralized networks. This study qualitatively examines ten widely used consensus algorithms—Proof of Work (PoW), Proof of Stake (PoS), Delegated PoS (DPoS), PBFT, Raft, Proof of Authority (PoA), Hybrid PoW/PoS, DAG/IOTA, Hashgraph, and Tendermint—within the research context of Bintan, Riau Islands, Indonesia. Performance was evaluated through literature review and simulated network observations, focusing on transaction throughput (TPS), latency, energy consumption, and network stability. Results indicate that DAG/IOTA and Hashgraph achieve the highest throughput with minimal latency, making them suitable for IoT and enterprise-scale applications. PoS and PoA offer energy-efficient alternatives, while PoW provides high security at the cost of high energy usage. Hybrid PoW/PoS demonstrates balanced performance across multiple metrics. Qualitative analysis highlights trade-offs among energy efficiency, throughput, latency, and decentralization. These findings provide practical guidance for selecting consensus mechanisms according to network requirements, operational constraints, and sustainability considerations, contributing a consolidated perspective on blockchain efficiency and scalability.