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The topic of soulbound, non-transferable tokens is getting lots of interest within the blockchain space lately as decentralized societies become more tangible with Web3 social media applications and DAOs. In this article, I want to outline how such tokens function, their problems for adoption and standardization, and how they differ from verifiable credentials in the SSI field. As such soulbound assets will likely rely on extended recovery and asset management schemes to become viable identities that safely gain reputation and trust, features like social recovery and contract-based accounting are incorporated. By combining those new technologies and the theoretical crypto-native identity construct, the paper will give an impression of the future user-centric data economy.
As economies are getting more and more interconnected, the importance of the global logistics sector grew accordingly. However, both structural challenges and current events lead to recent supply chain disruptions, exposing the vulnerabilities of the sector. Simultaneously, blockchain has emerged as a key innovative technology with use cases going far beyond the exchange of virtual currencies. This paper aims to analyze how the technology is transforming global logistics and its challenges. Therefore, six use cases, are presented to give an overview of the technological possibilities of blockchain and smart contracts. The analysis combines theoretical approaches from scientific journals and combines them with findings from real-world implementations. The paper finds that the technology can change supply chain design fundamentally, with processes and decisions being automated and power within supply chain structures changing. However, implementations also face technological, environmental, and organizational challenges that need to be solved for wide-spread adoption.
Digital Power of Attorney catalyzed by Software Requirements for Blockchain-based Applications
(2022)
Blockchain Technology (BT) with so-called web3 is at an inflection point between new sub-theme hypes and world-wide industrialization over last three years thanks to large companies like MicroStrategy [1], Facebook [2] and several Venture-Capital formations [3] who are already fighting over market share and community growth. Our work represents insights from Literature-based Software Requirement (SR) elicitation for a specific Blockchain-based Application, which is creation, managing and control of digital Power of Attorney (POA). The context of POA is not only a financial driven use-case it is by far a heavy weight universal legal transaction. We use a morphological box and reduced PRIMS-P to synthesis a generic specification for further Blockchain-based Application development. Formulated SRs in POA context are reflected on our core actors which are Grantor and authorized, trusted, external Entities. Proposed characteristics for relationship and effects are visualized in a reference model originally used in digital platform ecosystems [4]. This design and modelling approach facilitated closing discussion of BT and its future eCommerce perspective.
Humans started using the principles of insurance thousands of years ago when they lived in tribes in smaller villages. If one of the tribe members were injured, the others would take care of him and his family. The basic principle of insurance is several people covering each other against a particular risk. Today, most people in regions like Europe have access to insurance, while many people worldwide still have no access at all. The cost and accessibility may be improved with a blockchain-based parametric approach. The insurance process in a parametric approach is exclusively based on data, and decisions are made objectively. Blockchain is a necessary and integral part of the approach to create transparency and connect the customer’s and investor’s risk capital. The paper offers an overview of the opportunities and challenges of blockchain-based parametric insurance, a catalog of criteria for such insurance, a description of all components and their interaction for implementation on Ethereum, and a reference implementation of a train delay insurance in Germany.
As part of the research project Trusted Blockchains for the Open, Smart Energy Grid of the Future (tbiEnergy), one of the objectives is to investigate how a holistic blockchain approach for the realization of a local energy market could be accomplished and how corresponding hardware security mechanisms can be integrated. This paper provides an overview of the implemented prototype and describes the system and its processes.