Blockchain Papers

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259 papersLast indexed Aug 31, 2026
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Sep 8, 2017
40 cites
Seeing is understanding

Andreas Bogner

Modern IoT solutions are often an intricate system of interdependent components. Traditional monitoring techniques may not be sufficient to ensure the correct operation of those systems. We present an on-line machine learning approach for anomaly detection that is optimized for interpretability. The aim is to make it as intuitive as possible for human operators to derive insights about the system. To this end we combine characteristics of the system into sets of features that can be rendered graphically. Our solution builds on open source components and applies to any time series of numerical data. This work originated within a larger project on connected mobility that uses Blockchain technology to guarantee data integrity. Hence we demonstrate some results at the example of the public Ethereum blockchain. Further work will extend the solution to more general sensor data from the IoT realm.

Anomaly Detection Techniques and Applications
Time Series Analysis and Forecasting
Data Stream Mining Techniques
Original source
Dec 1, 2016
78 cites
A Multifaceted Approach to Bitcoin Fraud Detection: Global and Local Outliers

Patrick M. Monamo, Vukosi Marivate, Bhekisipho Twala

In the Bitcoin network, lack of class labels tend to cause obscurities in anomalous financial behaviour interpretation. To understand fraud in the latest development of the financial sector, a multifaceted approach is proposed. In this paper, Bitcoin fraud is described from both global and local perspectives using trimmed k-means and kd-trees. The two spheres are investigated further through random forests, maximum likelihood-based and boosted binary regression models. Although both angles show good performance, global outlier perspective outperforms the local viewpoint with exception of random forest that exhibits nearby perfect results from both dimensions. This signifies that features extracted for this study describe the network fairly.

Anomaly Detection Techniques and Applications
Imbalanced Data Classification Techniques
Artificial Immune Systems Applications
Original source
Nov 12, 2016·arXiv (Cornell University)
55 cites
Anomaly Detection in the Bitcoin System - A Network Perspective

Thai Pham, Steven Lee

The problem of anomaly detection has been studied for a long time, and many Network Analysis techniques have been proposed as solutions. Although some results appear to be quite promising, no method is clearly to be superior to the rest. In this paper, we particularly consider anomaly detection in the Bitcoin transaction network. Our goal is to detect which users and transactions are the most suspicious; in this case, anomalous behavior is a proxy for suspicious behavior. To this end, we use the laws of power degree and densification and local outlier factor (LOF) method (which is proceeded by k-means clustering method) on two graphs generated by the Bitcoin transaction network: one graph has users as nodes, and the other has transactions as nodes. We remark that the methods used here can be applied to any type of setting with an inherent graph structure, including, but not limited to, computer networks, telecommunications networks, auction networks, security networks, social networks, Web networks, or any financial networks. We use the Bitcoin transaction network in this paper due to the availability, size, and attractiveness of the data set.

Open access
2 source records
Anomaly Detection Techniques and Applications
Network Security and Intrusion Detection
Data Stream Mining Techniques
Original source
Nov 12, 2016·arXiv (Cornell University)
68 cites
Anomaly Detection in Bitcoin Network Using Unsupervised Learning Methods

Thai Pham, Steven Lee

The problem of anomaly detection has been studied for a long time. In short, anomalies are abnormal or unlikely things. In financial networks, thieves and illegal activities are often anomalous in nature. Members of a network want to detect anomalies as soon as possible to prevent them from harming the network's community and integrity. Many Machine Learning techniques have been proposed to deal with this problem; some results appear to be quite promising but there is no obvious superior method. In this paper, we consider anomaly detection particular to the Bitcoin transaction network. Our goal is to detect which users and transactions are the most suspicious; in this case, anomalous behavior is a proxy for suspicious behavior. To this end, we use three unsupervised learning methods including k-means clustering, Mahalanobis distance, and Unsupervised Support Vector Machine (SVM) on two graphs generated by the Bitcoin transaction network: one graph has users as nodes, and the other has transactions as nodes.

Open access
2 source records
Anomaly Detection Techniques and Applications
Network Security and Intrusion Detection
Imbalanced Data Classification Techniques
Original source
Aug 1, 2016
159 cites
Unsupervised learning for robust Bitcoin fraud detection

Patrick M. Monamo, Vukosi Marivate, Bhekisipho Twala

The rampant absorption of Bitcoin as a cryptographic currency, along with rising cybercrime activities, warrants utilization of anomaly detection to identify potential fraud. Anomaly detection plays a pivotal role in data mining since most outlying points contain crucial information for further investigation. In the financial world which the Bitcoin network is part of by default, anomaly detection amounts to fraud detection. This paper investigates the use of trimmed k-means, that is capable of simultaneous clustering of objects and fraud detection in a multivariate setup, to detect fraudulent activity in Bitcoin transactions. The proposed approach detects more fraudulent transactions than similar studies or reports on the same dataset.

Anomaly Detection Techniques and Applications
Imbalanced Data Classification Techniques
Crime, Illicit Activities, and Governance
Original source
Jun 1, 2016·Big Data
127 cites
Visualizing Dynamic Bitcoin Transaction Patterns

Dan McGinn, David Birch, David Akroyd, Miguel Molina-Solana · 6 authors

This work presents a systemic top-down visualization of Bitcoin transaction activity to explore dynamically generated patterns of algorithmic behavior. Bitcoin dominates the cryptocurrency markets and presents researchers with a rich source of real-time transactional data. The pseudonymous yet public nature of the data presents opportunities for the discovery of human and algorithmic behavioral patterns of interest to many parties such as financial regulators, protocol designers, and security analysts. However, retaining visual fidelity to the underlying data to retain a fuller understanding of activity within the network remains challenging, particularly in real time. We expose an effective force-directed graph visualization employed in our large-scale data observation facility to accelerate this data exploration and derive useful insight among domain experts and the general public alike. The high-fidelity visualizations demonstrated in this article allowed for collaborative discovery of unexpected high frequency transaction patterns, including automated laundering operations, and the evolution of multiple distinct algorithmic denial of service attacks on the Bitcoin network.

Open access
Data Visualization and Analytics
Complex Network Analysis Techniques
Anomaly Detection Techniques and Applications
Original source
Jan 1, 2014·IACR Cryptology ePrint Archive
0 cites
Efficient Interval Check in the Presence of Malicious Adversaries.

Genqiang Wu, Yeping He, Yi Lu, Liping Ding

Abstract. We consider the following problem: Assuming that Alice and Bob have an integer interval [a, e] and an integer b respectively, for a commitment c to b, Alice and Bob jointly check whether b is within [a, e] without revealing their inputs, where either party may behave malicious-ly. A special case of the problem is the secure integer comparison in the malicious model. This problem mainly arises from location-based access control systems where one party needs to assure to the other party that its location is within some definite area. Our main result is a constant-round protocol that exhibit the square of log e communication and the square of log e exponentiations with simulation-based security. At the heart of the construction is perfec-t k-ary index and corresponding zero-knowledge proof techniques. We consider a more general case of the problem where the interval is substi-tuted by a union of intervals.

Adversarial Robustness in Machine Learning
Anomaly Detection Techniques and Applications
Security and Verification in Computing
Original source
Aug 18, 2010·Sciyo eBooks
9 cites
Bayesian Networks for Network Intrusion Detection

Pablo Andrés García, Igor Santos

As the use of Internet grows beyond all boundaries, the number of menaces rises to become subject of concern and increasing research. Against this, Network Intrusion Detection Systems (NIDS) monitor local networks to separate legitimate from dangerous behaviours. According to their capabilities and goals, NIDS are divided into misuse detection systems (which aim to detect well-known attacks) and anomaly detection systems (which aim to detect zero-day attacks). So far, no system to our knowledge combines advantages of both without any of their disadvantages. Moreover, the use of historical data for analysis or sequential adaptation is usually ignored, missing in this way the possibility of anticipating the behaviour of the target system. ESIDE-Depian, a Bayesian-networks-based misuse and anomaly detection system. In another work, we detailed the composition of the Bayesian network, its training methodology and showed general performance results. Here we have focused on evaluating the integration of misuse and anomaly detection. To this end, we have adopted Snort (a well-known misuse detector) as misuse detector trainer so the Bayesian Network of five experts is able to react against both misuse and anomalies. The Bayesian experts are devoted to the analysis of different network protocol aspects and obtain the common knowledge model by means of separated Snort-driven automated learning process Since ESIDE-Depian has passed the experiments brilliantly, it is possible to conclude that ESIDE-Depian using of Bayesian Networking concepts allows to confirm an excellent basis for paradigm unifying Network Intrusion Detection, providing not only stable Misuse Detection but also effective Anomaly Detection capabilities, with one only flexible knowledge representation model and a well-proofed inference and adaptation bunch of methods. On the other hand, the Bayesian approach also enables to implement powerful features over it, such as Dynamic-Bayesian-Network-based full representation of time, in order to accomplish totally-characterised connection tracking and low level chronological event correlation, or explanation tracking of the inferred cause-effect reasoning processes. Furthermore, contrary to other approaches such as Neural Networks, Bayesian networks allow administrative managing of inner information structures, so specific relationships among packet detection parameters and final conclusion can be explained, in a white-box manner. Moreover, it is not only possible to recover reasoning information, but also to act on both Bayesian network

Open access
Network Security and Intrusion Detection
Bayesian Modeling and Causal Inference
Anomaly Detection Techniques and Applications
Original source