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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.
A Systematic Literature Review on Blockchain Oracles: State of Research, Challenges, and Trends
(2023)
To enable data exchange between the Blockchain protocol (on-chain) and the real world (off-chain), e.g., non-Blockchain-based applications and systems, a software called Oracle is used [3]. Blockchain oracle is an important component in the use of off-chain data for on-chain smart contracts. However, there is limited scientific literature available on this important blockchain topic. Therefore, in this paper, a novel systematic literature review based on intelligent methods, e.g., information linking, topic clustering and focus identification through frequency calculations, is proposed. Thus, the current state of scientific research interest, content and challenges, and future research directions for blockchain oracles are identified. This paper shows that there is little unbiased literature that does not call oracles a problem. From the results of this new literature review framework, relevant areas of data handling and verification with blockchain oracles are identified for future research.
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.
In the field of Blockchain Technology applications and research, non-fungible tokens (NFTs) have gained significant attention in recent years. Whilst current research is focused on NFT use cases or the purchase of NFTs from an investor’s perspective, the NFT launch (i.e. primary market) from a creator’s perspective remains uncovered. However, the launch strategy is considered to be an important factor for the success of a product. Therefore, our research paper aims to explore launch strategies of NFTs. Thereby, we discuss the marketing mix instruments price (i.e. pricing strategy), place (i.e. mint mechanism), and promotion. Through an empirical approach of conducting eight expert interviews, we examine parameters that are used to define an NFT launch strategy and assess their preference of different stakeholders.
This paper analyses the status quo of large-scale decision making combined with the possibility of blockchain as an underlying decentralized architecture to govern common pool resources in a collective manner and evaluates them according to their requirements and features (technical and non-technical). Due to an increasing trend in the distribution of knowledge and an increasing amount of information, the combination of these decentralized technologies and approaches, can not only be beneficial for consortial governance using blockchain but can also help communities to govern common goods and resources. Blockchain and its trust-enhancing properties can potenitally be a catalysator for more collaborative behavior among participants and may lead to new insights about collective action and CPRs.
Safety, quality, and sustainability concerns have arisen from global supply chains. Stakeholders incur risk regarding these factors, given their significance and complexity. Thus, each business's supply chain risk management must prioritize product characteristics. Accordingly, an effective traceability solution that can monitor and regulate product and supply chain aspects is crucial, especially in a given scenario. This re-search paper elucidates the potential of smart contracts in blockchain to enhancing the efficacy of business transactions and ensuring comprehensive traceability within the supply chain of paper-based coffee cups The improved levels of transaction transparency and security in traditional supply chains have been achieved through the digitization of supply chain ecosystem interactions and transactions. This approach makes verifying sources, manufacturing procedures, and quality standards easier in complex supply chains. Accordingly, the integration helps stakeholders monitor and track the whole ecosystem, promoting transparency, predictability, and dependability.
This desk research will initiate an exploration of present and potential blockchain applications in the higher education sector of Europe. The aim of this research is to create a theoretical base for a further postgraduate research and analysis, so to create an effective model/framework to augment the integration of blockchain technology into existing organizational processes, initially in higher educational institutions, but which may be adaptable and generalizable to other specific uses. Due to the novelty of the topic, academic resources related to the research area are limited. Most studies seem to focus on blockchain-based applications in industries such as finance, healthcare, and supply chain management, and there is little evidence of the impact of blockchain technology on education. This paper discusses present and suggests some potential blockchain-based applications in education in Europe and beyond. This research provides a groundwork for education and academia stakeholders, policymakers and researchers to exploit the potential of blockchain in different functions of an education system.
Over the last two decades, the rapid advances in digitization methods put us on the fourth industrial era’s cusp. It is an era of connectivity and interactivity between various industrial processes that need a new, trusted environment to exchange and share information and data without relying on third parties. Blockchain technologies can provide such a trusted environment. This paper focuses on utilizing the blockchain with its characteristics to build machine-to-machine (M2M) communication and digital twin solutions. We propose a conceptual design for a system that uses smart contracts to construct digital twins for machines and products and executes manufacturing processes inside the blockchain. Our solution also employs the decentralized identifiers standard (DIDs) to provide self-sovereign digital identities for machines and products. To validate the approach and demonstrate its applicability, the paper presents an actual implementation of the proposed design to a simulated case study done with the help of Fischertechnik factory model.
This paper looks at current projects in the field of Blockchain in education, their specific areas of application, possible advantages and weaknesses. Three examples developed by the team of authors are introduced in detail. First: Gallery-Defender a Serious Game, which was adapted to serve as a demonstrator in a stand-alone version to show the possibility to carry out exams directly from within the game and store the grades and meta-data on Blockchain. Second: Art-Quiz, an e-learning tool, which can be integrated into existing LMS systems and map exam results and further data using Blockchain technologies. Both were developed following an iterative design process. And third: The results of a focus group, which simulated the assignment of grades after an oral online exam. The three examples presented here are based on the Blockchain system Ardor/Childchain Ignis, but each demonstrator has a different set of features and approaches.
In addition, the integration of various Blockchain solutions was conceptually designed to make a Multi-Chain model possible.
Procurement processes are deemed to lack supporting digital technologies that raise efficiency and automation.
Blockchain solutions are piloted in procurement in order to offer a decentralized IT infrastructure covering these needs. This paper aims at identifying current blockchain approaches in the field of procurement and presenting affected business processes. In order to get an overview of the current state of the art, a systematic literature mapping is conducted.
Moreover, the out-comes are gathered and categorized in a classification scheme. Based on the analysis, systematic maps are presented to showcase relevant findings. Within the findings, several blockchain use cases in the field of procurement are identified and information about addressed challenges, utilized blockchain frameworks and affected business processes are extracted.
The cryptocurrency ecosystem has seen significant growth with Ethereum and Bitcoin as foundational pillars. Ethereum introduced smart contracts revolutionizing decentralized applications (dApps) across various domains. Scalability challenges led to alternative ecosystems like Binance Smart Chain and Polygon, maintaining compatibility through the Ethereum Virtual Machine (EVM). Bitcoin also faces scalability issues, leading to the Lightning Network's development—an off-chain solution with payment channels for scalable instant transactions. Interoperability is increasingly crucial as the cryptocurrency ecosystem continues to grow, enabling seamless interactions between assets and data across multiple blockchain platforms. EVM-compatible blockchains and the Lightning Network offer unique advantages in their respective use cases. This paper utilizes atomic swaps to create a secure, fast, and user-friendly trustless bridge between the Lightning Network and EVM-compatible blockchains, fostering the growth of both ecosystems and unlocking novel opportunities.
Reputation is indispensable for online business since it supports customers in their buying decisions and allows sellers to justify premium prices. While IS research has investigated reputation systems mainly as review systems on online platforms for business-to-consumer (B2C) transactions, no proper solutions have been developed for business-to-business (B2B) transactions yet. We use blockchain technology to propose a new class of reputation systems that apply ratings as voluntary bonus payments: Before a transaction is performed, customers commit to pay a bonus that is granted if a service provider has performed a service properly. As opposed to rival reputation systems that build on cumulated ratings or reviews, our system enables monetized reputation mechanisms that are inextricably linked with online transactions. We expect this system class to provide more trustworthy ratings, which might reduce agency costs and serve quality providers to establish a reputation towards new customers.
Decentralizing Smart Energy Markets - tamper-proof-documentation of flexibility market processes
(2020)
The evolving granularity and structural decentralization of the energy system leads to a need for new tools for the efficient operation of electricity grids. Local Flexibility Markets (or "Smart Markets") provide platform concepts for market based congestion management. In this context there is a distinct need for a secure, reliable and tamper-resistant market design which requires transparent and independent monitoring of platform operation. Within the following paper different concepts for blockchain-based documentation of relevant processes on the proposed market platform are described. On this basis potential technical realizations are discussed. Finally, the implementation of one setup using Merkle tree operations is presented by using open source libraries.
Abstract: Blockchain Technology has become an innovative, mature tool for digital transformation, disrupting more and more application areas in their business processes, values, or even economic models. This paper leverages more than 30 academic publications on prototypes and their Blockchain-based use cases to transact certificates in the context of public education. The conceptual design and guiding ideas are reflected in the practical application development for the Federal Ministry of Education and Research ECHT! project within the showcase region WIR! in Mittweida and are used for the research design. During this approach we applied agile methods and the current certificate process to propose a comprehensive disclosure of a new software prototype including a three-layered architecture with multi-stakeholder components. The artefact instantiation contributes to the practical knowledge base within Information System Research and specifically in digital certificate processes starting from creation, searching, and proofing up to revoking by consideration of an existing IT landscape as well as organizational hierarchy.
The wind energy sector is undergoing digitalization processes that span multi-tier supply chains of turbine components and wind farm maintenance, amongst others. In an industrial use case that includes Siemens Gamesa Renewable Energy, Vestas and APQP4Wind, the processes of producing, fastening, and servicing bolts in turbines are mapped to a digital model. The model follows the lifetime of turbine bolts from the manufacturing phase, to fastening in turbines and maintenance, until their replacement and recycling. The development of the digital model is iteratively addressed in a design science research approach, as the authors actively contribute to the project. Distributed ledgers (DLs) support the notary documentation of the bolts and turbines, from their registration phase to the assembly-, technical service verification- and recycling phases. The immutable and decentralized nature of DLs secures the data against tampering and prevents any changes taken unilaterally by engaging the service stakeholders and component providers in a blockchain consortium.
Mapping identities, digital assets, and people’s profiles on the internet is getting much traction in the blockchain cosmos lately. The new technology is currently forming architectures that will further pave new ways to reach fundamental mechanisms to interact in a decentralized, user-centered manner. These schemes are often declared as the next generation of the web. Within the article will be shown, how the internet has evolved in managing identities, what problems arose, and how new data architectures help build applications on top of privacy rights. Both technological and ethical perspectives are viewed to answer which guidelines should be considered to fulfill the upcoming branch of decentralized services and what we can learn from historical schemes regarding their privacy, accounting, and user data.
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.
After creating a new blockchain transaction, the next step usually is to make miners aware of it by having it propagated through the blockchain’s peer-to-peer network. We study an unintended alternative to peer-to-peer propagation: Exclusive mining. Exclusive mining is a type of collusion between a transaction initiator and a single miner (or mining pool). The initiator sends transactions through a private channel directly to the miner instead of propagating them through the peerto-peer network. Other blockchain users only become aware of these transactions once they have been included in a block by the miner. We identify three possible motivations for engaging in exclusive mining: (i) reducing transaction cost volatility (“confirmation as a service”), (ii) hiding unconfirmed transactions from the network to prevent frontrunning and (iii) camouflaging wealth transfers as transaction costs to evade taxes or launder money. We further outline why exclusive mining is difficult to prevent and introduce metrics which can be used to identify mining pools engaging in exclusive mining activity.
While blockchain technology is still in an early stage of its development, it is already of surging economic importance.
In the literature, blockchain is referred to as either being a disruptive, institutional, foundational, or general purpose technology. There is still no consensus about the economic theory that should apply for analyzing its economic effects. This article draws on use cases from the coffee supply chain to explore, which theories could potentially apply to an emerging blockchain economy.
Mathematics behind the Zcash
(2020)
Among all the new developed cryptocurrencies, Zcash comes out to be the strongest cryptocurrency providing both transparency and anonymity to the transactions and its users by deploying the strong mathematics of zk-SNARKs. We discussed the zero knowledge proofs as a building block for providing the functionality to zk-SNARKs. It offers schnorr protocol which is further used in Zcash transactions where the validation of sent transaction is proved by cryptographic proof. Further, we deploy zk-SNARKs following common reference string that allows sender to prove that she knows a secret such that the proof is succinct, can be verified and does not leak the secret. Non-malleability, small proofs and effective verification make zk-SNARKs a classic tool in Zcash. We deal with NP problems therefore we have considered the elliptic curve cryptography to provide the security. Lastly, we explain Zcash transaction, the corresponding transaction completely hides the sender, receiver and amount of transaction using zero knowledge proof.