Investasi dengan cryptocurrency merupakan hal yang baru bagi sebagian masyarakat Indonesia, tidak jarang para investor crypto terjebak pada perilaku judi (maysir) dan spekulasi (gharar). Dewan Syariah Nasional Majlis Ulama Indonesia telah mengeluarkan fatwa haramnya transaksi dan investasi dengan cryptocurrency. Penelitian ini bertujuan untuk mengetahui apakah minat investasi dengan cryptocurrency terpengaruh oleh pengetahuan investasi, persepsi resiko dan literasi keuangan syariah. Data dihasilkan dari penyebaran kuisioner, hingga mendapat 100 responden baik pengguna maupun non pengguna crypto. Pengolahan data memanfaatkan SPSS versi 25 dan memakai analisis regresi linear berganda. Hasil uji hipotesis pengetahuan investasi (X1) pengguna maupun non pengguna crypto membuktikan tidak berpengaruh terhadap minat investasi dengan cryptocurrency (0,985 dan 0,235 > 0,05). Pengujian persepsi resiko (X2) pengguna crypto terdapat pengaruh positif (0,038 < 0,05) sedangkan non pengguna membuktikan ada pengaruh terhadap minat investasi dengan cryptocurrency (4,070 > 0,05). Pengujian literasi keuangan syariah (X3) pengguna maupun non pengguna crypto membuktikan berpengaruh terhadap minat investasi dengan cryptocurrency (0,001 dan 0,016 < 0,05). artinya literasi keuangan syariah khususnya fatwa yang menyatakan cryptocurrency adalah haram dapat memberikan informasi yang berguna bagi calon investor/investor tentang bahaya, tingginya resiko dan mudharat yang ditimbulkan. Penelitian ini memiliki keterbatasan pada jumlah responden serta moderasi variabel antara literasi keuangan syariah dengan tingkat religiusitas.
Cryptocurrencies experienced a huge surge whose value reached more than US $ 191 million or Rp. 2.7 trillion. Interestingly, almost all types of cryptocurrencies do not have an underlying asset as a common underlying asset in ordinary investments. Bitcoin and Ethereum claims that its underlying asset is the coin miner charges from the amount of hardware and electricity used in the transaction. Tether and USDC claim that their underlying assets are in US dollars. This article examines Islamic law regarding the underlying assets in the form of coin mining fees and US Dollars. The questions that arise are, how is the study of Islamic law regarding the underlying asset in the form of coin mining fees and US Dollars? Furthermore, the ideal pattern of a cryptocurrency scheme that includes assets in the form of tangible goods refers to manafiul a’yan? This research uses the gate of legal philosophy approach, looks at the business scheme in terms of values and principles and then provides legal conclusions based on that assessment. From the research conducted, first, the underlying asset of coin mining costs cannot be said to be an underlying asset that is truly economically useful for coin owners, except for the technology access costs which are clearly experienced by all technologies. Second, the underlying asset in the form of US Dollars has clearer benefits, but this is contrary to Islamic law. Third, for the underlying asset in the form of tangible goods, ownership must always be included in every coin purchased.
India stands at the cusp of transformative advancements in cryptocurrency and blockchain technology, poised to redefine its technological landscape and economic paradigm. This paper investigates the possibilities for groundbreaking advancements within India's cryptocurrency and blockchain domains, considering the nation's vast tech-savvy population and burgeoning startup ecosystem. This research document encompasses the role of blockchain in governance, the potential for financial inclusion through cryptocurrencies, and the ripple effects of innovative startups in decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts. The exploration extends to India's exploration of a central bank digital currency (CBDC) and the implications for the country's financial infrastructure. Emphasizing the need for educational initiatives and regulatory clarity, this paper highlights the pivotal role of collaboration between stakeholders, regulators, and policymakers in unlocking India's potential for an innovative future in cryptocurrency and blockchain technology. Cryptocurrencies exhibit extreme volatility, causing their worth to fluctuate significantly in a short period of time. These complexities make cryptocurrencies hazardous for investors and pose challenges for businesses considering their acceptance as payment.
Blockchain technology offers data transparency and traceability, which is particularly useful in the agricultural sector, especially within the supply chains of commodities like coffee and fish. This sector often encounters issues such as quality degradation, unclear information, and socioeconomic injustice affecting stakeholders. The implementation of Static Smart Contracts (SSCs) on blockchains provides a structured method for executing agreements. However, this approach also has limitations, including a lack of flexibility and responsiveness to dynamic changes in the supply chain. Despite these challenges, blockchain remains a valuable tool for ensuring transaction transparency, traceability, and integrity, which are vital in agriculture. These limitations involve unchangeable parameters, rigid rules, and constraints on adaptability and scalability. This study aims to tackle these issues by designing a more dynamic and responsive smart contract system. We introduce AniraBlock, a revolutionary concept for the agricultural supply chain, particularly in the coffee and fish sectors, by implementing Dynamic Smart Contracts (DSCs) based on a key-value format framework. Unlike SSCs, DSCs offer enhanced adaptability and scalability, addressing the former's limitations. Our study adopts a mixed-method approach, utilizing both qualitative and quantitative data to validate AniraBlock's effectiveness. Preliminary results show significant improvements in data management and supply chain transparency. The proposed framework has the potential to influence the agricultural sector by boosting data integrity and operational efficiency.
The rapid digital transformation in fund accounting has reshaped how financial institutions, asset managers, and regulatory bodies manage operational compliance, transparency, and efficiency. Emerging technologies such as cloud computing, robotic process automation (RPA), artificial intelligence (AI), and distributed ledger technologies (DLT) have automated key accounting workflows, reduced manual errors, and improved data accuracy in fund valuation and reporting. This review critically examines how digital transformation initiatives are redefining fund accounting processes—ranging from transaction reconciliation to compliance monitoring and investor reporting—within a framework of evolving global regulatory standards such as IFRS, GAAP, and MiFID II. Furthermore, it explores how predictive analytics and integrated enterprise resource planning (ERP) systems enhance operational resilience and enable real-time risk assessment. Challenges related to cybersecurity, data governance, and interoperability are also analyzed, with emphasis on how organizations are balancing technological innovation with regulatory obligations. By synthesizing current academic and industry perspectives, the paper provides a comprehensive view of the transformative potential of digital technologies in improving transparency, accountability, and governance in fund accounting. The review concludes with recommendations for future research and policy frameworks that can strengthen digital compliance ecosystems across the financial sector.
Baihaqsani, Ari Kusyanti, Primantara Hari Trisnawan
Perkembangan sistem klaim pada asuransi di Indonesia umumnya masih menerapkan pengajuan klaim dengan menggunakan sistem secara manual dengan metode cashless dan reimbursement. Penerapan sistem klaim pada asuransi tersebut memiliki proses administrasi yang cukup panjang sehingga dapat memakan waktu yang lama dan penerapan sistem tersebut tidak dapat memberikan proses tranparansi transaksi pada klaim asuransi. Dengan permasalahan tersebut dapat menimbulkan permasalahan terkait dengan keamanan informasi berupa integritas data, kerahasiaan data, dan transparansi data pada klaim asuransi. Penelitian ini mengusulkan pengembangan sistem klaim pada asuransi yang dapat dilakukan secara online dengan menerapkan teknologi blockchain. Teknologi blockchain menggunakan sistem penyimpanan data dengan menerapkan sistem desentralisasi aplikasi yang berfungsi untuk memberikan kendali penuh terhadap pengguna atas data mereka dengan tidak adanya perantara terpusat. Dengan menerapkan desentralisasi aplikasi tersebut dapat diwujudkan integritas, kerahasiaan dan transparansi transaksi pada klaim asuransi. Penelitian ini mengajukan usulan implementasi teknologi blockchain dengan sistem smart contract pada proses klaim asuransi untuk dijadikan solusi terhadap masalah yang terdapat pada proses klaim asuransi. Abstract The development of the insurance claim system in Indonesia generally still applies the submission of claims using a manual system with cashless and reimbursement methods. The application of the insurance claim system has a fairly long administrative process that can take a long time and the application of the system cannot provide a transparent transaction process for insurance claims. With these problems can cause problems related to information security in the form of data integrity, data confidentiality, and data transparency on insurance claims. This research proposes the development of an insurance claim system that can be done online by applying blockchain technology. Blockchain technology uses a data storage system by implementing a decentralized application system that functions to give users full control over their data in the absence of a centralized intermediary. By implementing a decentralized application, integrity, confidentiality and transaction transparency in insurance claims can be realized. This study proposes the implementation of blockchain technology with a smart contract system in the insurance claim process to be used as a solution to problems in the insurance claim process
Abstract: In an era increasingly dominated by digital interactions, the secure management and exchange of digital assets have emerged as critical challenges. This research project aims to tackle these challenges through the development of a decentralized application (dApp) that harnesses the capabilities of blockchain technology, specifically focusing on the realm of Non-Fungible Tokens (NFTs). The dApp encompasses essential features, including secure wallet connections, NFT image generation, minting, marketplace functionality, and profile management. The back-end infrastructure of the dApp is implemented on the Goerli testnet, utilizing Solidity-based smart contracts. Decentralized storage is facilitated through IPFS, while front-end development is executed using nextJs/ReactJS/EtherJS.This project seeks to contribute to the broader discourse on secure digital asset management by presenting a comprehensive exploration of the methodologies, technologies, and outcomes involved in the creation of this decentralized application. The research delves into the theoretical foundations, design intricacies, and practical implications of the dApp, offering insights into its performance, security, and potential impact on the evolving landscape of digital asset management. Through the integration of decentralized technologies and innovative features, our dApp endeavors to provide a secure and efficient solution for the contemporary challenges associated with the trade and management of digital assets.
Fraudulent activity detection within blockchain networks has become a critical concern due to the widespread adoption of decentralized technologies in financial and digital systems. The paper introduces a system that uses Blockchain and Machine Learning (ML)to strengthen the security of banks. Employing the services of the Ethereum blockchain dataset, the model applies a comprehensive methodology involving data preprocessing, feature engineering, Z-score normalization, and stratified data splitting. Genetic Algorithm-optimized Support Vector Machine (GA-SVM) and Artificial Neural Network (ANN) are constructed and tested, and their results are then compared with those from Generalized Autoregressive Conditional Heteroskedasticity (GARCH) and Convolutional Neural Network (CNN) models. Metrics of accuracy by using Mean Absolute Error (MAE) and Mean Absolute Percentage Error (MAPE) as measures. It was found that the GA-SVM model achieved the best results compared to other models, with MAE at 0.1032 and MAPE at 4.6938 on test data, which confirms its usefulness in real-time fraud detection. When the model connects with smart contracts, it helps prevent fraudulent activities and supports both transparency and good operations in blockchain-based finance.
With rising concerns about the security of IoT devices, network operators need better ways to handle potential risks. Luckily, IoT devices show consistent patterns in how they communicate. But despite previous efforts, it remains unclear how knowledge of these patterns can be made available. As data marketplaces become popular in different domains, this paper1 proposes creating a special marketplace focused on IoT cybersecurity. The goal is to openly share knowledge about IoT devices' behavior, using structured data formats like Manufacturer Usage Description (MUD) files. To make this work, we employ technologies like blockchain and smart contracts to build a practical and secure foundation for sharing and accessing important information about how IoT devices should behave on the network. Our contributions are two-fold. (1) We identify the essential features of an effective marketplace for sharing data related to the expected behaviors of IoT devices. We develop a smart contract on the Ethereum blockchain with five concrete functions; and, (2) We implement a prototype of our marketplace in a private chain environment-our codes are publicly released. We demonstrate how effectively our marketplace functions through experiments involving MUD files from consumer IoT devices. Our marketplace enables suppliers and consumers to share MUD data on the Ethereum blockchain for under a hundred dollars, promoting accessibility and participation.
Abstract: In our thorough exploration of the intricate relationship between blockchain technology and the legal landscape, we uncover three key intersections: legality, law-like characteristics, and legal applications. Delving into the realm of legality, we analyze the profound impact of jurisdiction-specific regulations governing cryptocurrencies, intellectual property, and taxation. This includes considerations such as identity verification, exchange regulation, securities laws, bankruptcy regulations, and anti-money laundering enforcement, shaping the multifaceted legal terrain. Shifting focus to the law-like characteristics inherent in permissionless blockchains, our examination reveals decentralized governance facilitated through consensus mechanisms. The blockchain protocol operates as a dynamic "constitution," actively shaping the behavior and incentives of network participants, with forking introducing a distinctive form of institutional innovation during disagreements over protocol changes. Expanding our exploration to the transformative legal applications of blockchain, we emphasize smart contracts and decentralized autonomous organizations. Despite remarkable advancements, challenges persist in automating intricate contractual arrangements and organizational functions, particularly within the context of multi-stage interactions embedded in broader legal and social frameworks. In conclusion, our comprehensive findings highlight that blockchain's unique capacity for direct economic value exchange requires innovative legal treatment. It not only influences user incentives through its rule-based structure but also catalyzes transformative changes across legal and contractual domains. However, as the blockchain landscape evolves, persistent limitations become apparent, particularly in addressing relational agreements and ensuring constitutional resilience. The evolving nature of this technology continues to shape and redefine the intersection between blockchain and the law
Blockchain technology is increasingly being recognized worldwide as a cornerstone of security and stability in the digital realm. The Internet, often viewed as a seemingly chaotic, unpredictable, and insecure environment, is experiencing a significant paradigm shift thanks to disruptive innovations such as blockchains, which provide a robust mechanism to ensure the integrity of the global information flow. While the original purpose of this technology was to facilitate cryptocurrencies, its applications have since broadened, permeating law, business, and more recently, sectors like art and gaming. In this context, Non-Fungible Tokens (NFTs) are on the cusp of becoming a mainstream asset class. These unique digital assets, intricately tied to Intellectual Property, present an unexplored avenue for legal and business applications. This paper assesses the potential uses of NFTs for to protect global IP. The study further suggests an analogous interpretation of existing norms that regulate the connection with NFTs and local regulations, thus laying the groundwork for an initial self-regulatory framework. In conclusion, NFTs are poised to revolutionize IP protection globally. However, from a legal perspective, it also represents the necessity to develop a regulated self-regulatory system to frame such technology. As part of future research, we propose the creation of legal standards to accept and introduce NFTs as part of the IP protection laws.
Two of the most exciting advancements concerning the internet could be web3 and the metaverse.In addition to affecting how we interact with each other and with institutions over the internet, this advancement could also have an impact on how assets are traded, how we invest, and how we borrow.Some key components of web3 are already making some waves, some big and some peculiar, in finance.These components include decentralized autonomous organizations (DAOs) and decentralized finance.
Introduction. Today, the introduction of DeFi and Web3 technologies, which provide users with access to a variety of financial instruments based on a decentralised distributed ledger, is of great importance for business development. These tools include DEX exchanges, DAO projects, participation in liquidity pools, the use of staking and farming of smart contracts, and decentralised lending. In addition, these technologies allow for risk insurance and the use of oracles to predict market trends, as well as interact with new forms of financial services. DeFi and Web3 are not only technological innovations, but also important catalysts for change in finance, transforming outdated financial technologies into open protocols (smart contracts). Methods. To achieve the goal of the article, an analysis of literary sources was carried out, the main characteristics of the components of the DeFi market were determined, directions for their use in the digital business environment in combination with the real sector of the economy were proposed. The methods of analysis, synthesis, system approach and comparative analysis were also used. Results. The article investigated the importance of the development and implementation of DeFi and Web3 technologies, which provide users with access to various financial instruments built on a decentralized distributed ledger system, such as DEX exchanges, DAO projects, ensure participation in liquidity pools, the use of staking and farming of smart contracts and decentralized lending systems, and also allow for risk insurance and the use of oracles to predict market trends and actively interact with new forms of financial services. This applies not only to the field of cryptocurrency exchange, but also includes a wide range of opportunities to participate and invest in various financial instruments built on the principles of decentralization and blockchain technologies. The obtained results testify to the significant potential and prospects of this direction in the financial sphere. It is noted that DeFi and Web3 are not just technological innovations, but also a real catalyst for transformations in finance, transforming outdated technologies of the financial system into open protocols (smart contracts). Despite the fact that DeFi is often viewed as a speculative tool, the article substantiates its economic efficiency, which consists in receiving passive income and saving on commission costs, providing liquidity for highly volatile cryptocurrency assets. Discussion. Further research perspectives in the field of DeFi, Web3 include the study of security and risk issues, the development of transparent legal frameworks, socio-economic impact assessment, technical innovation and environmental impact, which will contribute to the expansion and improvement of these technologies in the financial sector. In particular, the prospects may include exploring opportunities to ensure that DeFi technologies interact with the traditional banking sector and developing mechanisms to increase the degree of implementation and adoption of these innovations in the global financial environment. Keywords: DeFi market, DeFi technology, blockchain, web.3.0, farming, staking, smart contracts
This paper will make an intensive study of the impact of cryptocurrencies on the United States and China’s economies. In terms of popularity, policy, and investor attitudes, the US and China’s current situation is compared. The emergence of cryptocurrency has changed the role of traditional Central Bank monetary policy, making it faces new challenges in controlling economic fluctuations and stabilizing financial markets. In addition, the volatility and uncertainty of cryptocurrencies also affect investors' attitudes and behaviors. In the United States, investment risks in cryptocurrencies are widely discussed, while in China, investors are cautious about cryptocurrencies due to the government’s relatively conservative attitude towards cryptocurrencies. In summary, cryptocurrencies have different impacts on the economies of China and the United States. Due to government restrictions and regulations, China's development of cryptocurrencies in the country has been hindered to some extent, while the United States has become one of the leaders in the global cryptocurrency market. However, the potential impact and risks of cryptocurrencies cannot be ignored, and active guidance and supervision from governments and regulatory agencies are needed to ensure their positive role in the economy. On this basis, investors need to invest rationally based on their own risk tolerance and market trends to achieve long-term economic benefits.
Abstract: The "Decentralized Threads with Lens Protocol" initiative, spearheaded by Meta, is at the forefront of a groundbreaking approach to redefine the entire landscape of social networking. This visionary project serves as an invaluable guide for developers, offering a comprehensive roadmap towards the construction of a decentralized microblogging ecosystem, prominentlyfeatured within the innovative "Threads" platform. At its heart, this initiative leverages the transformative potential of cutting-edge technologies, prominently including blockchain technology, and the enigmatic Lens Protocol. These foundational elements provide a structured framework for participants to navigate the intricate process step by step, instilling confidence and direction into the development process. Several key technical elements are prominently at play, including DeFi (Decentralized Finance), dApps (decentralized applications), smart contracts, blockchain technology, and the adherence to protocol standards. Together, these components empower developers with the capability to craft a censorship-resistant and community-driven alternative to traditional social media platforms. This paradigm shift is pivotal, addressing long-standing concerns related to centralized content control and censorship.
Existing big-tech platforms have controlled the sovereignty of digital services and user data, limiting the opportunities for users to experience platforms.These platforms' control policies were no exception in the content area of the platform.Users can only engage with content by viewing, commenting, emoticons, and sharing.Users were limited to engaging with content in the functions and areas designated by the platform, which meant they could not interact with opinion leaders or content creators equally.Consequently, concepts of Web 3 and MyData have emerged with the idea that the sovereignty of platform users should be restored to the user, not the platform.However, many papers on blockchain and smart contracts that can implement these concepts are mostly engineering or focused on laws such as content copyright.This study examines two purposes as a case study of qualitative research methods for a content platform named A3I®.First, this study identified the feasibility of implementing a blockchain-based content platform with universal value.It refers to the universal value that anyone can access information (data) securely and transparently in a Web 3.0 environment, including the concept of MyData, which empowers users to control their data.Second, this study highlighted that the Article Value Evaluation Mechanism (AVEM), including reward and revenue sharing systems, can enhance digital content activation through automatic payment programs of smart contracts in the platform.Furthermore, the study found that A3I platforms based on blockchain and smart contracts have stronger performance on technical and user-centric factors than other platforms without these technologies.In addition, the A3I platform with innovative technologies and AVEM shows better digital content activation by increasing "feedback frequency" than other platforms that increase "content frequency."Therefore, this study has academic and social significance by reflecting the universal values of Web 3.0 in platform design.It also has industrial significance by presenting a feasible blockchain platform business model.
This paper critically examines the Indonesian Ulema Council's fatwā which prohibits cryptocurrency. The critique focuses on three aspects of the ban. The first is criticism for banning cryptocurrency which is considered to contain garar and ḍarār, and is contrary to Law No. 7 of 2011 and Bank Indonesia Regulation No. 17 of 2015. The second is criticism of the illegality of buying/selling cryptocurrency, which is positioned as a digital asset/commodity that contains garar, ḍarār, qimār, and does not meet the sil’ah criteria. The third is criticism of the permissibility of cryptocurrency as a commodity/asset when it fulfills the sil’aḥ criteria and has underlying and clear legal benefits to be traded. This study adopted a qualitative approach. The conclusion reveals that MUI's fatwā on cryptocurrencies was not built on solid legal reasoning and did not consider the benefits of technological advances. The MUI's fatwā is based on the principles of Islamic law, specifically garar, ḍarār, and qimār, which are used to evaluate the legality of trading commodities or digital assets, such as cryptocurrencies. However, it is important to note that the MUI's fatwā does not consider the potential benefits of cryptocurrencies, such as their use as a new form of investment and their potential to revolutionize industries by enhancing security, and efficiency, and creating new trading opportunities in the digital age. In terms of non-Sharia technology, it is seen as a tool that can be used for good or evil, and its permissibility depends on its use. Blockchain technology, which underpins cryptocurrencies, is considered acceptable because it makes transactions more secure and enables the use of smart contracts.
Smart contracts are event-driven computer programs used to automatically execute all or parts of the agreements between two or more entities, pursuant to their specifications. The self-executing and self-enforcing attributes of smart contracts present numerous potential benefits, such as cost efficiency, accuracy, and reliability, as well as the potential to support several sustainable development goals. Smart contracts can be very efficient in many sectors, with important automation, procurement, financial, and other supply chain management features. For this study, a systematic literature review was performed, with a view to assessing, synthesizing, and critique the current state of legal and security aspects of smart contracts. The analysis of publications and reports gathered allowed the identification and mapping of the most relevant aspects and revealed numerous issues and vulnerabilities associated with the use of this technology. This paper provides the following contributions: the study and organization of a large corpus of relevant publications; the review of smart contract definitions, from several perspectives; an outline of smart contract characteristics; a framework for effective smart contracting, addressing legal and security issues and proposing several improvements.
Ghassan Adhab Atiyah, Nazura Abdul Manap, Saidatul Nadia Abd Aziz
Abstract: Using smart contracts as a new technology for online contracting has become the best option today when working in non-trustworthy environments to execute automated irreversible agreements. However, such contracts have issues relating to the language used for expressing the obligations of the involved parties. Additionally, smart contracts have no legal recognition of blockchain as a means of record-keeping for smart contract transactions. Parties engaged in smart contracts face difficulties in terms of incompatibilities with current legal frameworks. The objective of this article is to evaluate the legality of smart contract language and the validity of blockchain as an electronic medium from the perspectives of current laws. This article adopts a qualitative doctrinal legal research approach. The findings indicate that there is a need to enact laws that recognise the language used for smart contracts and the transactions recorded on the blockchain.
In the pharmaceutical research and development process, the third phase of clinical trials involves double-blind trials to mitigate the influence of human subjective awareness on the experimental results and ensure the efficacy and safety of drugs or vaccines. However, conventional double-blind trials are often overseen by a single institution responsible for the entire trial process. Researchers centrally manage data, introducing risks of data loss and tampering. Furthermore, since researchers have full access to all experimental data, there is a potential for premature unblinding and leakage of results to specific individuals, giving rise to bias and conflicts of interest. To address these problems, this paper proposes a distributed-ledger-based double-blind trial platform called “BlindBox”. This platform leverages the immutability and decentralization of distributed ledgers to enhance the security of experimental data. On the other hand, the platform employs smart contracts to restrict personnel’s access to experimental data, coupled with RFID technology to encode and shuffle the experimental drugs discreetly. This ensures that no one can ascertain the pairing between test subjects and drug groups, preventing collusion and result manipulation. When the trial period concludes, smart contracts automatically unblind the results and publish them on the IOTA platform. By utilizing IOTA’s zero-value transactions, the platform reduces the cost of repeated data access and ensures information openness and transparency. This approach prevents deliberate premature unblinding or insider trading stemming from monopolized information. The platform proposed in this study is expected to enhance the credibility and accuracy of double-blind trials while promoting the willingness and convenience of public participation in experiments.
This paper explores the integration of social media data and natural language processing methods, specifically utilizing the Transformer model, to predict Bitcoin price movements. We aim to evaluate the effectiveness of using social media data and the Transformer model in forecasting market trends for Bitcoin. By analyzing social media posts and incorporating them into predictive models, we demonstrate the potential of the Transformer architecture in capturing complex dependencies and patterns within sequential Bitcoin prices. Additionally, different clustering methods are applied to process the original social media data in a rolling manner. The evaluation of Transformer-based models on historical data showcases their predictive performance compared to various social media data clustering approaches. Furthermore, the impact of incorporating outliers of social media data into the Transformer model is explored to improve prediction accuracy. The results of this study demonstrate the potential of clustering on social media data and the Transformer model for forecasting market trends.1
Aminu Adamu Ahmed, Isah Muhammad Alhassan, Ahmadi Abubakar Majidadi, Mohammed Nura Musa
Cryptocurrency has become a disruptive force in the twenty-first century's quickly changing world, completely changing how we view and interact with conventional financial institutions. This in-depth analysis intends to give insight on the underlying technology, economic ramifications, and legal difficulties that have formed this digital phenomena in order to examine the origins, development, and effect of cryptocurrencies over the past two decades. This article begins by exploring the history of cryptocurrencies, tracing its origins back to the mysterious Satoshi Nakamoto and the invention of Bitcoin in 2009. It analyses the underlying blockchain technology that underpins cryptocurrencies, giving readers a thorough understanding of its decentralised nature and the potential it has to revolutionise a number of industries outside of banking. The study also looks at the wide variety of cryptocurrencies that have appeared since the popularity of Bitcoin, including Litecoin, Ethereum, and Ripple, among countless others. It explores their distinctive characteristics, use cases, and market dynamics, stressing their potential for financial inclusion, international trade, and smart contract applications. The economic effects of cryptocurrencies are also examined in this paper, along with how they affect decentralised finance (DeFi), traditional banking systems, and financial innovation. It also looks at the difficulties presented by cryptocurrencies, including their volatility, scalability, and security issues, as well as the ongoing discussions surrounding their regulation and widespread use
This study has explored and analyzed a new Web3 social media for innovative development and built a theoretical framework for future counterparts. The researcher took the Taiwan Web3 social media platform, Potato Media, as a case study with the walkthrough method for both data gathering and analyzing. The present study shows that Potato Media has reformed, reconstructed and renewed their out-of-date Web2 online service using blockchain technology and cryptocurrency for governing and promoted user-led marketing actions. At the same time, Potato Media facilitated all users to build a marketing vision based on Web3 discourse in an advanced manner. The study concludes that new innovative social media with Web3 technology could initiate innovative development and marketing for three reasons: First, they could do it to enhance the inclusion of all users and creators and sustain core value of creativity; second, they could do it by creating the cryptocurrency as the governing tool for managing organizations and fulfilling token/ sharing economy; third, they could do it to represent their innovative social media marketing visions. This study finally suggests that all the social media platforms could have Web3 reforming plans for pursuing future business goals.
In the face of numerous challenges in supply chain management, new technologies are being implemented to overcome obstacles and improve overall performance. Among these technologies, blockchain, a part of the distributed ledger family, offers several advantages when integrated with ERP systems, such as transparency, traceability, and data security. However, blockchain remains a novel, complex, and costly technology. The purpose of this paper is to guide decision-makers in determining whether integrating blockchain technology with ERP systems is appropriate during the pre-implementation phase. This paper focuses on the literature reviews, theories, and expert opinions to achieve its objectives. It first provides an overview of blockchain technology, then discusses its potential benefits to the supply chain, and finally proposes a framework to assist decision-makers in determining whether blockchain meets the needs of their consortium and whether this integration aligns with available resources. The results highlight the complexity of blockchain, the importance of detailed and in-depth research in deciding whether to integrate blockchain technology into ERP systems, and future research prospects. The findings of this article also present the critical decisions to be made prior to the implementation of blockchain, in the event that decision-makers choose to proceed with blockchain integration. The findings of this article augment the existing literature and can be applied in real-world contexts by stakeholders involved in blockchain integration projects with ERP systems.