Blockchain Papers

Authors unavailable

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Authors unavailable

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Jim Mignano

Bitcoin is the first digital medium to allow global, "purely peer-to-peer" exchange. At the height of the Great Recession, Bitcoin's pseudonymous creator introduced the electronic cash to sidestep political and economic institutions. Today, it is praised as an opportunity for the unbanked, a liberating force, and a pioneering technology. It is also infamously associated with volatility, illicit activities, and profligate energy consumption. Bitcoin has also flown under the radar of political science, whereas computer scientists, economists, and legal scholars have written extensively about it. To address the gap in the literature, I describe Bitcoin as an actor in global affairs, explain how Bitcoin and blockchain technology work, and discuss why Bitcoin is relevant to political science as the archetypal case of blockchain technology. I argue that Bitcoin is a form of contentious politics uniquely suited to the twenty-first century. Examining Bitcoin as a form of contentious politics sheds light on how a purportedly borderless technology has actually fared in subverting state authority: not entirely well. Nonetheless, Bitcoin has succeeded in at least two respects: it is an unprecedented form of untraceable electronic cash that coordinates unrivaled levels of computing resources from voluntary contributors and it has become a resilient, global social movement. As an archetype of blockchain technology, Bitcoin inspires research of blockchain's capacity to facilitate collective action, uses in international cooperation and competition, and prospects for human development. The thesis concludes with a set of implications for blockchain research and policy.

Naif Alzahrani

Counterfeit products, especially in the pharmaceutical sector, have plagued the international community for decades. To combat this problem, many anti-counterfeiting approaches have been proposed. They use either Radio Frequency Identification (RFID) or Near Field Communication (NFC) physical tags affixed to the products. Current anti-counterfeiting approaches detect two counterfeiting attacks: (1) modifications to a product's tag details, such as changing the expiration date; and (2) cloning of a genuine product's details to reuse on counterfeit products. In addition, these anti-counterfeiting approaches track-and-trace the physical locations of products as the products flow through supply chains. Existing approaches suffer from two main drawbacks. They cannot detect tag reapplication attacks, wherein a counterfeiter removes a legitimate tag from a genuine product and reapplies it to a counterfeit or expired product. Second, most existing approaches typically rely on a central server to authenticate products. This is not scalable and creates tremendous processing burden on the server, since significant volumes of products flood through the supply chain's nodes. In addition, centralized supply chains require substantial data storage to store authentication records for all products. Moreover, as with centralized systems, traditional supply chains inherently have the problem of a single-point of failure. The thesis of this dissertation is that a robust, scalable, counterfeiting-resistant supply chain that addresses the above drawbacks and can be simultaneously achieved by (i) using a combination of NFC tags on products and a distributed ledger such as blockchain for reapplication-proof, decentralized, and transparent product authentication (ii) a novel game-theoretical consensus protocol for enforcing true decentralization, and enhancing the protocol's security and performance. In this dissertation, we first propose a new Tag Reapplication Detection (TRD) system to detect reapplication attacks using low-cost NFC tags and public key cryptography. To detect reapplication attacks, TRD tracks the number of times a tag has been read in the supply chain using a 'central' authentication server. Second, leveraging the blockchain technology, we propose the Block-Supply Chain, a transformation of TRD into a decentralized supply chain. In this chain, each node maintains a blockchain (distributed public ledger) per product. This blockchain comprises chained blocks, where each is an authentication event. The Block-Supply Chain can detect tag reapplication attacks and can replace the centralized supply chain design, thus overcoming the centralization issues. One of the fundamental characteristics of blockchain technology is the consensus protocol. Consensus protocols ensure that all nodes in the blockchain network agree on the validity of a

Martin Hargreaves, Thomas Hardjono

This memo describes the Open Digital Asset Protocol (ODAP). ODAP is an asset transfer protocol that operates between two gateway devices. The protocol includes a description of virtual or digital assets held on distributed ledgers in an open and interoperable format, a session negotiation part and message passing flows between gateways connecting disparate distributed ledger technologies (DLTs).

Yevgeniy Dodis, Shai Halevi, Tal Rabin

Abstract. In this work we use cryptography to solve a game-theoretic problem which arises naturally in the area of two party strategic games. The standard game-theoretic solution concept for such games is that of an equilibrium, which is a pair of “self-enforcing ” strategies making each player’s strategy an optimal response to the other player’s strategy. It is known that for many games the expected equilibrium payoffs can be much higher when a trusted third party (a “mediator”) assists the players in choosing their moves (correlated equilibria), than when each player has to choose its move on its own (Nash equilibria). It is natural to ask whether there exists a mechanism that eliminates the need for the mediator yet allows the players to maintain the high payoffs offered by mediator-assisted strategies. We answer this question affirmatively provided the players are computationally bounded and can have free communication (so-called “cheap talk”) prior to playing the game. The main building block of our solution is an efficient cryptographic protocol to the following Correlated Element Selection problem, which is of independent interest. Both Alice and Bob know a list of pairs (a1, b1)... (an, bn) (possibly with repetitions), and they want to pick a random index i such that Alice learns only ai and Bob learns only bi. Our solution to this problem has constant number of rounds, negligible error probability, and uses only very simple zero-knowledge proofs. We then show how to incorporate our cryptographic protocol back into a game-theoretic setting, which highlights some interesting parallels between cryptographic protocols and extensive form games. 1

Emanuele Cisbani, Giuseppe Damiano, Daniele Ribaudo

This document defines a standard to extend Time Stamp Tokens with Time Attestations recorded on Distributed Ledgers. The aim is to provide long-term validity to Time Stamp Tokens, backward compatible with currently available software.

Jack Hassall, John K. Eaton

No abstract is available for this record.

Authors unavailable

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Usman Khalil, Owais Ahmed Malik, Wee-Hong Ong, Mueen Uddin

The concept of smart city architecture requires a comprehensive solution that can combine real-time response applications for cyber-physical systems. However, the architecture faces challenges that can obstruct the operations in terms of systems, processes, and data flow as far as the breach risk is concerned. Though the field has been researched with the existence of centralized and distributed architectures to support smart cities. Research gaps regarding security concerns, platform assistance, and resource management continue to persist. This research article presents a novel blockchain-based architecture that proposes expansion in the non-fungible tokens (NFTs) to cater to the expansion of IoT-enabled smart assets. It enables NFTs to employ fog computing for all users and smart devices connected to a fog node in a cyber-physical system. The proposed expansion suggested in Non-Fungible Tokens (NFTs) for IoT assets representation in a cyber-physical system, provides devices and user identification and authentication functionality. The proposed NFT architecture has been designed to provide a smart city solution for cyber-physical systems that ensures robust security features (such as CIA) by introducing new attributes and functions for Owner, User, Fog, and IoT device/s authentication. The validation and rigor of the security services, efficiency, and latency have been achieved by deployments on private and public ledgers. The efficiency, and cost-effectiveness of the suggested functions and components have been evaluated in terms of evaluation cost and time complexity which resulted in promising results, obtained and validated on a testnet. The evaluation cost for the devised mint component was approximately 81%, and devised approve() was approximately 23% more efficient than other solutions.

Martin Hargreaves, Thomas Hardjono, Ned Smith

With the increasing interest in the potential use of blockchain systems for virtual assets, there is a need for these assets to have mobility across blockchain systems. An interoperability architecture for blockchain systems is needed in order to permit the secure flow of virtual assets between blockchain systems, satisfying the properties of transfer atomicity, consistency and durability. The architecture must recognize that there are different blockchain systems, and that the interior constructs in these blockchains maybe incompatible with one another. Gateway nodes perform the transfer of virtual assets between blockchain systems while masking the complexity of the interior constructs of the blockchain that they represent.

Jon F. Merz, Mildred K. Cho, Maxine Robertson, Debra G. B. Leonard

No abstract is available for this record.

Nick Szabo

Smart contracts combine protocols with user interfaces to formalize and secure relationships over computer networks. Objectives and principles for the design of these systems are derived from legal principles, economic theory, and theories of reliable and secure protocols. Similarities and differences between smart contracts and traditional business procedures based on written contracts, controls, and static forms are discussed. By using cryptographic and other security mechanisms, we can secure many algorithmically specifiable relationships from breach by principals, and from eavesdropping or malicious interference by third parties, up to considerations of time, user interface, and completeness of the algorithmic specification. This article discusses protocols with application in important contracting areas, including credit, content rights management, payment systems, and contracts with bearer.

Authors unavailable

No abstract is available for this record.

Sultan Gurban Niftaliyev

The price increase in the cryptocurrency market over the past 1 year has resulted in a further increase in the interest of ordinary citizens and amateur investors in digital assets. At the same time, the increase in prices has motivated people to invest in cryptocurrencies. At the moment, the main questions that interest investors are: how are the commissions charged during the purchase and cashing of cryptocurrencies and in what form is tax paid on cryptocurrency income. Considering these factors, the information contained in this article about the commissions charged during cryptocurrency trading and the mechanism of taxation of cryptocurrency income is quite relevant.

Rza Hasanli, Mahir Dursun

Abstract — The volatile nature of cryptocurrency markets has spurred interest in predictive models to aid investment and trading strategies. This study extends previous works by incorporating all available technical indicators, leveraging the TA library, and evaluating multiple deep learning architectures for Bitcoin price prediction. Using daily OHLC data for Bitcoin (BTC) sourced from Yahoo Finance, we implement Transformer-based Multi-Head Attention with GRU and LSTM layers, along with standalone LSTM and GRU models. These architectures are compared in terms of predictive accuracy to identify the most effective approach for capturing market dynamics. Our results provide a comprehensive analysis of model performance, highlighting the potential of advanced neural network architectures and technical indicators for improving cryptocurrency price prediction.

Rza Hasanli, Mahir Dursun

Abstract— Cryptocurrency markets have experienced rapid growth, attracting attention from investors, traders, and researchers. Accurate price prediction is critical for effective risk management and investment strategies. This paper proposes a hybrid deep learning model that combines Transformer Encoder and Gated Recurrent Unit (GRU) architectures with technical indicators to predict cryptocurrency prices. The model uses daily OHLC data and selected technical indicators, achieving strong predictive performance on BTC-USD, ETH-USD, and BNB-USD. The results demonstrate that the model accurately captures price trends with low prediction errors, achieving RMSE and MAPE values of 2607.32 and 3.70% for BTC-USD, 205.86 and 6.02% for ETH-USD, and 21.45 and 4.09% for BNB-USD, respectively. These findings highlight the model’s potential for developing adaptive trading strategies and advancing decision-making in cryptocurrency markets.

Joe Kilian

No abstract is available for this record.

Zvi Griliches. Chicago

No abstract is available for this record.

Rafail Ostrovsky, Ramarathnam Venkatesan, Moti Yung

No abstract is available for this record.

Toshiya Itoh, Kouichi Sakurai, Hiroki Shizuya

No abstract is available for this record.

Dusko Knezevic

The aim of the paper is to conduct a research on an impact of blockchain technology platform on the financial sector through cryptocurrency, and an impact on other industries.. The subject of research is not only this technology but also its commercial exploitation. In order to understand the platform, the starting point of this research is an analysis of how the technology functions, after that the advantages for business and economic transaction are identified, and finally the paper deals with an impact of new technology on business, above all on financial operations. The basic hypothesis is that blockchain has achieved a great impact on financial sector, also it has the potential to radically change only the financial sector but also the way we buy and sell, our interaction with the authorities as a way of verifying the ownership from the authorship and the organic food production. Using the available data and synthesis of knowledge from the fields of technology, economics, finance, and politics, 4 scenarios were set up for the future of underlying technology. The scenario approach combined with trend analysis in order to prove the starting hypothesis with high reliability. The research results show that the technology being investigated already has a profound impact on the financial sector, that it is in the initial phase of changing many industries, with the likelihood that they will change them significantly in the next five to ten years. Businesses increasingly discover the power of this technology to exploit the benefits of the Fourth Technological Revolution.

Donald Beaver

No abstract is available for this record.

Andrew Campbell, Arndt Sorge, Mark J. Warner

No abstract is available for this record.