Blockchain technology is developing using in reliable applications which can be designed to achieve decentralization and trustless. Based on the open network innovation theory, this paper proposes a technical intermediary management idea based on blockchain technology to improve the efficiency of technology intermediaries, providing accurate, reliable information and cutting cost for the market. This study demonstrates the advantage of blockchain to technology intermediaries. First, on a specific level, it can provide openness, transparency, decentralization and anonymity services. Second, the current industrial innovation elements are analyzed. blockchain improve the efficiency of technology intermediary, prevent risks and to make up for the shortcomings of traditional intermediaries. It has revolutionized the traditional technology intermediary. As this happens, it can revolutionize traditional technology intermediaries.
Daniel Jiwoong Im, Alexander Kondratskiy, Vincent Harvey, Hsuan-Wei Fu
The paper underscores how decentralization in sports betting addresses the drawbacks of traditional centralized platforms, ensuring transparency, security, and lower fees. Non-custodial solutions empower bettors with ownership of funds, bypassing geographical restrictions. Decentralized platforms enhance security, privacy, and democratic decision-making. However, decentralized sports betting necessitates automated market makers (AMMs) for efficient liquidity provision. Existing AMMs like Uniswap lack alignment with fair odds, creating risks for liquidity providers. To mitigate this, the paper introduces UBET AMM (UAMM), utilizing smart contracts and algorithms to price sports odds fairly. It establishes an on-chain betting framework, detailing market creation, UAMM application, collateral liquidity pools, and experiments that exhibit positive outcomes. UAMM enhances decentralized sports betting by ensuring liquidity, decentralized pricing, and global accessibility, promoting trustless and efficient betting.
Mark C. Ballandies, Hongyang Wang, Andrew Chung Chee Law, Joshua C. Yang · 6 authors
As digitalization and technological advancements continue to shape the infrastructure landscape, the emergence of blockchain-based decentralized physical infrastructure networks (DePINs) has gained prominence. However, a systematic categorization of DePIN components and their interrelationships is still missing. To address this gap, we conduct a literature review and analysis of existing frameworks and derived a taxonomy of DePIN systems from a conceptual architecture. Our taxonomy encompasses three key dimensions: distributed ledger technology, cryptoeconomic design and physicial infrastructure network. Within each dimension, we identify and define relevant components and attributes, establishing a clear hierarchical structure. Moreover, we illustrate the relationships and dependencies among the identified components, highlighting the interplay between governance models, hardware architectures, networking protocols, token mechanisms, and distributed ledger technologies. This taxonomy provides a foundation for understanding and classifying diverse DePIN networks, serving as a basis for future research and facilitating knowledge exchange, fostering collaboration and standardization within the emerging field of decentralized physical infrastructure networks.
The growing demand for short-term property renting has led to the boom of a new category called PropTech (Property + Technology). Such a rise in demand attracted many entrepreneurs and investors leading to the inception of powerful and centralised players in the category (like Airbnb). Unfortunately, some big players are controlling the entire industry in a centralised way in turn, performing anti-competitive practices which leave no room for the small players. Such an ecosystem can be made more transparent and decentralised by executing transactions and order-fulfilment on a blockchain. To extend the functionality of the system, we can also perform the renting of small services and appliances via the integration of IoT. Implementing such a system will make the process more transparent, robust and decentralised.
World Wide Web is speeding up its pace into an intelligent and decentralized ecosystem, as seen in the campaign of Web 3.0 and forthcoming Web 4.0. Marked by the Europe Commission's latest mention of Web 4.0, a race towards strategic Web 4.0 success has started. Web 4.0 is committed to bringing the next technological transition with an open, secure, trustworthy fairness and digital ecosystem for individuals and businesses in private and public sectors. Despite overlapping scopes and objectives of Web 3.0 and Web 4.0 from academic and industrial perspectives, there are distinct and definitive features and gaps for the next generation of WWW. In this review, a brief introduction to WWW development unravels the entangled but consistent requirement of a more vivid web experience, enhancing human-centric experience in both societal and technical aspects. Moreover, the review brings a decentralized intelligence prospect of view on native AI entities for Web 4.0, envisioning sustainable, autonomous and decentralized AI services for the entire Web 4.0 environment, powering a self-sustainable Decentralized Physical and Software Infrastructure for Computing Force Network, Semantic Network, Virtual/Mixed Reality, and Privacy-preserving content presumption. The review aims to reveal that Web 4.0 offers native intelligence with focused thinking on utilizing decentralized physical infrastructure, in addition to sole requirements on decentralization, bridging the gap between Web 4.0 and Web 3.0 advances with the latest future-shaping blockchain-enabled computing and network routing protocols.
Jonathan Bachman, Sujit Chakravorti, Shantanu Rane, Krishnan Thyagarajan
A new crypto token is proposed as an incentive mechanism to remove CO2 from the atmosphere permanently at gigaton scale. The token facilitates CO2 removal (CDR) by providing financial incentives to those that are removing CO2 and an opportunity to provide additional financial resources for CDR by the public. The new token will be native to a blockchain that uses a Proof-of-Useful-Work (PoUW) consensus mechanism. The useful work will be conducted by direct air carbon capture and storage (DACCS) facilities that will compete with each other based on the amount of CO2 captured and permanently stored. In terms of energy consumption, we require that the entire process, comprising DACCS technology and all blockchain operations, be climate positive while accounting for life cycle analysis of equipment used. We describe the underlying reward mechanism coupled with a verification mechanism for CDR. In addition, we consider security features to limit attacks and fraudulent activity. Finally, we outline a roadmap of features that are necessary to fully implement and deploy such a system, but are beyond the current scope of this article.
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.
B. Prabadevi, N. Deepa, Nancy Victor, Thippa Reddy Gadekallu · 10 authors
With the advent of new technologies and endeavors for automation in almost all day-to-day activities, the recent discussions on the metaverse life have a greater expectation. Furthermore, we are in the era of the fifth industrial revolution, where machines and humans collaborate to maximize productivity with the effective utilization of human intelligence and other resources. Hence, Industry 5.0 in the metaverse may have tremendous technological integration for a more immersive experience and enhanced communication.These technological amalgamations are suitable for the present environment and entirely different from the previous perception of virtual technologies. This work presents a comprehensive review of the applications of the metaverse in Industry 5.0 (so-called industrial metaverse). In particular, we first provide a preliminary to the metaverse and industry 5.0 and discuss key enabling technologies of the industrial metaverse, including virtual and augmented reality, 3D modeling, artificial intelligence, edge computing, digital twin, blockchain, and 6G communication networks. This work then explores diverse metaverse applications in Industry 5.0 vertical domains like Society 5.0, agriculture, supply chain management, healthcare, education, and transportation. A number of research projects are presented to showcase the conceptualization and implementation of the industrial metaverse. Furthermore, various challenges in realizing the industrial metaverse, feasible solutions, and future directions for further research have been presented.
Shabir Ahmad, Sabina Umirzakova, Ghulam Mujtaba, Muhammad Sadiq Amin · 5 authors
We are currently in a post-pandemic era in which life has shifted to a digital world. This has affected many aspects of life, including education and learning. Education 5.0 refers to the fifth industrial revolution in education by leveraging digital technologies to eliminate barriers to learning, enhance learning methods, and promote overall well-being. The concept of Education 5.0 represents a new paradigm in the field of education, one that is focused on creating a learner-centric environment that leverages the latest technologies and teaching methods. This paper explores the key requirements of Education 5.0 and the enabling technologies that make it possible, including artificial intelligence, blockchain, and virtual and augmented reality. We analyze the potential impact of these technologies on the future of education, including their ability to improve personalization, increase engagement, and provide greater access to education. Additionally, we examine the challenges and ethical considerations associated with Education 5.0 and propose strategies for addressing these issues. Finally, we offer insights into future directions for the development of Education 5.0, including the need for ongoing research, collaboration, and innovation in the field. Overall, this paper provides a comprehensive overview of Education 5.0, its requirements, enabling technologies, and future directions, and highlights the potential of this new paradigm to transform education and improve learning outcomes for students.
Managing and exchanging sensitive information securely is a paramount concern for the scientific and cybersecurity community. The increasing reliance on computing workflows and digital data transactions requires ensuring that sensitive information is protected from unauthorized access, tampering, or misuse. This research paper presents a comparative analysis of three novel approaches for authenticating and securing access to scientific data: SciTokens, Verifiable Credentials, and Smart Contracts. The aim of this study is to investigate the strengths and weaknesses of each approach from trust, revocation, privacy, and security perspectives. We examine the technical features and privacy and security mechanisms of each technology and provide a comparative synthesis with the proposed model. Through our analysis, we demonstrate that each technology offers unique advantages and limitations, and the integration of these technologies can lead to more secure and efficient solutions for authentication and access to scientific data.
Non-fungible tokens(NFTs) are on the rise. They can represent artworks exhibited for marketing purposes on webpages of companies or online stores -- analogously to physical artworks. Lending of NFTs is an attractive form of passive income for owners but comes with risks (e.g., items are not returned) and costs for escrow agents. Similarly, renters have difficulties in anticipating the impact of artworks, e.g., how spectators of NFTs perceive them. To address these challenges, we introduce an NFT rental solution based on a pay-per-like pricing model using blockchain technology, i.e., smart contracts based on the Ethereum chain. We find that blockchain solutions enjoy many advantages also reported for other applications, but interestingly, we also observe dark sides of (large) blockchain fees. Blockchain solutions appear unfair to niche artists and potentially hamper cultural diversity. Furthermore, a trust-cost tradeoff arises to handle fraud caused by manipulation from parties outside the blockchain. All code for the solution is publicly available at: https://github.com/asopi/rental-project
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.
Proponents and developers of Web3 and blockchain argue that these technologies can revolutionize how people live and work by empowering individuals and distributing decision-making power. While technologists often have expansive hopes for what their technologies will accomplish over the long term, the practical challenges of developing, scaling, and maintaining systems amidst present-day constraints can compromise progress toward this vision. How technologists think about the technological future they hope to enable and how they navigate day-to-day issues impacts the form technologies take, their potential benefits, and their potential harms. In our current work, we aimed to explore the visions of Web3 and blockchain technologists and identify the immediate challenges that could threaten their visions. We conducted semi-structured interviews with 29 operators and professional investors in the Web3 and blockchain field. Our findings revealed that participants supported several ideological goals for their projects, with decentralization being a pivotal mechanism to enable user autonomy, distribute governance power, and promote financial inclusion. However, participants acknowledged the practical difficulties in fulfilling these promises, including the need for rapid technology development, conflicts of interest among stakeholders due to platform financing dynamics, and the challenge of expanding to mainstream users who may not share the "Web3 ethos." If negotiated ineffectively, these challenges could lead to negative outcomes, such as corrupt governance, increased inequality, and increased prevalence of scams and dubious investment schemes. While participants thought education, regulation, and a renewed commitment to the original blockchain ideals could alleviate some problems, they expressed skepticism about the potential of these solutions.
As CryptoPunks pioneers the innovation of non-fungible tokens (NFTs) in AI and art, the valuation mechanics of NFTs has become a trending topic. Earlier research identifies the impact of ethics and society on the price prediction of CryptoPunks. Since the booming year of the NFT market in 2021, the discussion of CryptoPunks has propagated on social media. Still, existing literature hasn't considered the social sentiment factors after the historical turning point on NFT valuation. In this paper, we study how sentiments in social media, together with gender and skin tone, contribute to NFT valuations by an empirical analysis of social media, blockchain, and crypto exchange data. We evidence social sentiments as a significant contributor to the price prediction of CryptoPunks. Furthermore, we document structure changes in the valuation mechanics before and after 2021. Although people's attitudes towards Cryptopunks are primarily positive, our findings reflect imbalances in transaction activities and pricing based on gender and skin tone. Our result is consistent and robust, controlling for the rarity of an NFT based on the set of human-readable attributes, including gender and skin tone. Our research contributes to the interdisciplinary study at the intersection of AI, Ethics, and Society, focusing on the ecosystem of decentralized AI or blockchain. We provide our data and code for replicability as open access on GitHub.
Mental health disorders remain a significant challenge in modern healthcare, with diagnosis and treatment often relying on subjective patient descriptions and past medical history. To address this issue, we propose a personalized mental health tracking and mood prediction system that utilizes patient physiological data collected through personal health devices. Our system leverages a decentralized learning mechanism that combines transfer and federated machine learning concepts using smart contracts, allowing data to remain on users' devices and enabling effective tracking of mental health conditions for psychiatric treatment and management in a privacy-aware and accountable manner. We evaluate our model using a popular mental health dataset that demonstrates promising results. By utilizing connected health systems and machine learning models, our approach offers a novel solution to the challenge of providing psychiatrists with further insight into their patients' mental health outside of traditional office visits.
Mariam Ayman, Youssef El-harty, Ahmed Rashed, Ahmed Fathy · 7 authors
In today's digital age, online communities have become an integral part of our lives, fostering collaboration, knowledge sharing, and community engagement. Higher education institutions, in particular, can greatly benefit from dedicated platforms that facilitate academic discussions and provide incentives for active participation. This research paper presents a comprehensive study and implementation of a decentralized application (DApp) leveraging the blockchain technology to address these needs specifically for E-JUST (Egypt-Japan University of Science and Technology) students and academic staff.
Abstract The digital transformation of the art world has become a revolution for the sector. Cryptoart, based on non-fungible tokens (NFT), is attracting the attention of artists, collectors and enthusiasts for its ability to tokenise any element that can be sold as art in the digital market. In this way, it is able to become a scarce resource and an economic asset by encapsulating the market value of a piece of digital art, which may or may not have a reference in the real world. This study will delve into the ethical aspects underlying what is known as the NFT Revolution, particularly impacts related to the abuse or destruction of cultural heritage, speculation and the generation of economic bubbles and environmental unsustainability. To this end, this research has been carried out within the framework of a hermeneutic-critical proposal for analysing, understanding and prescribing cryptoart and its processes. This, methodology, typical of the human and social sciences, critically analyses the current context of the digital transformation of art through the study and interpretation of bibliographical sources and case studies in order to reconstruct the keys and conditions of possibility that guide its development in a fair and responsible way.
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.
Blockchain technology transformed the digital sphere by providing a transparent, secure, and decentralized platform for data security across a range of industries, including cryptocurrencies and supply chain management. Blockchain's integrity and dependability have been jeopardized by the rising number of security threats, which have attracted cybercriminals as a target. By summarizing suggested fixes, this research aims to offer a thorough analysis of mitigating blockchain attacks. The objectives of the paper include identifying weak blockchain attacks, evaluating various solutions, and determining how effective and effective they are at preventing these attacks. The study also highlights how crucial it is to take into account the particular needs of every blockchain application. This study provides beneficial perspectives and insights for blockchain researchers and practitioners, making it essential reading for those interested in current and future trends in blockchain security research.
Elohim Fonseca dos Reis, Alexander Teytelboym, Abeer ElBahraw, Ignacio De Loizaga · 5 authors
Dark web marketplaces have been a significant outlet for illicit trade, serving millions of users worldwide for over a decade. However, not all users are the same. This paper aims to identify the key players in Bitcoin transaction networks linked to dark markets and assess their role by analysing a dataset of 40 million Bitcoin transactions involving 31 markets in the period 2011-2021. First, we propose an algorithm that categorizes users either as buyers or sellers and shows that a large fraction of the traded volume is concentrated in a small group of elite market participants. Then, we investigate both market star-graphs and user-to-user networks and highlight the importance of a new class of users, namely `multihomers' who operate on multiple marketplaces concurrently. Specifically, we show how the networks of multihomers and seller-to-seller interactions can shed light on the resilience of the dark market ecosystem against external shocks. Our findings suggest that understanding the behavior of key players in dark web marketplaces is critical to effectively disrupting illegal activities.
Mohammed Eunus Ali, Muhammad Aamir Cheema, Tanzima Hashem, Anwaar Ulhaq · 5 authors
A Digital Twin (DT) is a virtual replica of a physical object or system, created to monitor, analyze, and optimize its behavior and characteristics. A Spatial Digital Twin (SDT) is a specific type of digital twin that emphasizes the geospatial aspects of the physical entity, incorporating precise location and dimensional attributes for a comprehensive understanding within its spatial environment. The current body of research on SDTs primarily concentrates on analyzing their potential impact and opportunities within various application domains. As building an SDT is a complex process and requires a variety of spatial computing technologies, it is not straightforward for practitioners and researchers of this multi-disciplinary domain to grasp the underlying details of enabling technologies of the SDT. In this paper, we are the first to systematically analyze different spatial technologies relevant to building an SDT in layered approach (starting from data acquisition to visualization). More specifically, we present the key components of SDTs into four layers of technologies: (i) data acquisition; (ii) spatial database management \& big data analytics systems; (iii) GIS middleware software, maps \& APIs; and (iv) key functional components such as visualizing, querying, mining, simulation and prediction. Moreover, we discuss how modern technologies such as AI/ML, blockchains, and cloud computing can be effectively utilized in enabling and enhancing SDTs. Finally, we identify a number of research challenges and opportunities in SDTs. This work serves as an important resource for SDT researchers and practitioners as it explicitly distinguishes SDTs from traditional DTs, identifies unique applications, outlines the essential technological components of SDTs, and presents a vision for their future development along with the challenges that lie ahead.
With recent advancements in AI and 5G technologies,as well as the nascent concepts of blockchain and metaverse,a new revolution of the Internet,known as Web 3.0,is emerging. Given its significant potential impact on the internet landscape and various professional sectors,Web 3.0 has captured considerable attention from both academic and industry circles. This article presents an exploratory analysis of the opportunities and challenges associated with Web 3.0. Firstly, the study evaluates the technical differences between Web 1.0, Web 2.0, and Web 3.0, while also delving into the unique technical architecture of Web 3.0. Secondly, by reviewing current literature, the article highlights the current state of development surrounding Web 3.0 from both economic and technological perspective. Thirdly, the study identifies numerous research and regulatory obstacles that presently confront Web 3.0 initiatives. Finally, the article concludes by providing a forward-looking perspective on the potential future growth and progress of Web 3.0 technology.
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.
This thesis provides an in-depth exploration of the Decentralized Co-governance Crowdfunding (DCC) Ecosystem, a novel solution addressing prevailing challenges in conventional crowdfunding methods faced by MSMEs and innovative projects. Among the problems it seeks to mitigate are high transaction costs, lack of transparency, fraud, and inefficient resource allocation. Leveraging a comprehensive review of the existing literature on crowdfunding economic activities and blockchain's impact on organizational governance, we propose a transformative socio-economic model based on digital tokens and decentralized co-governance. This ecosystem is marked by a tripartite community structure - the Labor, Capital, and Governance communities - each contributing uniquely to the ecosystem's operation. Our research unfolds the evolution of the DCC ecosystem through distinct phases, offering a novel understanding of socioeconomic dynamics in a decentralized digital world. It also delves into the intricate governance mechanism of the ecosystem, ensuring integrity, fairness, and a balanced distribution of value and wealth.