This paper looks at the challenges and opportunities of implementing blockchain technology across banking, providing food for thought about the potentialities of this disruptive technology. The blockchain technology can optimize the global financial infrastructure, achieving sustainable development, using more efficient systems than at present. In fact, many banks are currently focusing on blockchain technology to promote economic growth and accelerate the development of green technologies. In order to understand the potential of blockchain technology to support the financial system, we studied the actual performance of the Bitcoin system, also highlighting its major limitations, such as the significant energy consumption due to the high computing power required, and the high cost of hardware. We estimated the electrical power and the hash rate of the Bitcoin network, over time, and, in order to evaluate the efficiency of the Bitcoin system in its actual operation, we defined three quantities: “economic efficiency”, “operational efficiency”, and “efficient service”. The obtained results show that by overcoming the disadvantages of the Bitcoin system, and therefore of blockchain technology, we could be able to handle financial processes in a more efficient way than under the current system.

In this paper we present a blockchain based system for the supply chain management of a particular Italian bread. Goal of the system is to guarantee a transparent and auditable traceability of the Carasau bread where each actor of the supply chain can verify the quality of the products and the conformity to the normative about the hygienic-sanitary conditions along the chain. To realize this system we relied on the Blockchain and the Internet of Thing technologies in order to provide a trustless environment, in which trust is placed in cryptography, in mathematical operations and on the network, and not in public or private companies. Thanks to the use of digital technologies the system aims to reduce the data entry errors and the risk of tampering. Our system is designed so that along the supply chain, the nodes equipped with several sensors directly communicate their data to Raspberry Pi units that elaborate and transmit them to Interplanetary File System and to the Ethereum Blockchain. Furthermore, we designed ad hoc Radio Frequency Identification and Near Field communication tags to shortly supply the proposed system with information about the products and batches. The dedicated RFID tags robustness during on-bread operation was numerically tested. The system will easily allow end consumers to have a transparent view on the whole journey from raw material to purchased final product and a supervisory authority to perform online inspections on the products' quality and on the good working practices.

In January 3, 2009, Satoshi Nakamoto gave rise to the “Bitcoin Blockchain”, creating the first block of the chain hashing on his computer’s central processing unit (CPU). Since then, the hash calculations to mine Bitcoin have been getting more and more complex, and consequently the mining hardware evolved to adapt to this increasing difficulty. Three generations of mining hardware have followed the CPU’s generation. They are GPU’s, FPGA’s and ASIC’s generations. This work presents an agent-based artificial market model of the Bitcoin mining process and of the Bitcoin transactions. The goal of this work is to model the economy of the mining process, starting from GPU’s generation, the first with economic significance. The model reproduces some “stylized facts” found in real-time price series and some core aspects of the mining business. In particular, the computational experiments performed can reproduce the unit root property, the fat tail phenomenon and the volatility clustering of Bitcoin price series. In addition, under proper assumptions, they can reproduce the generation of Bitcoins, the hashing capability, the power consumption, and the mining hardware and electrical energy expenditures of the Bitcoin network.

This work presents how a digital identity management system can support food supply chains in guaranteeing the quality of the products marketed and the compliance of the several supply-chain’s nodes to standards and technical regulations. Specific goal of this work is to present a system that provides full visibility of process/food certifications, which nowadays are issued by accredited and approved certification bodies (issuers) and delivered and stored in paper version by the several participants (holders) of the supply chain. The system is designed and implemented by combining the latest most innovative and disruptive technologies in the market—Self Sovereign Identity system, Blockchain, and Inter Planetary File System. The crucial aspects that it aims to hit are the storage and access of food/process certifications, and the proper eligibility verification of these certifications exploiting the concepts of the Self Sovereign Identity-based models. The proposed system, realized by using standards that are WWW Consortium-compatible and the Ethereum Blockchain, ensures eligibility, transparency, and traceability of the certifications along a food supply chain, and could be an innovation model/idea that the companies that adopt the Open Innovation paradigm might want to pursue.

The objective of this work is to simulate the trading of the currency pair BTC/USD, investigating through the theory of the genetic algorithms the best sets of trading strategies, simulating through a realistic order book the bitcoin price formation, and reproducing a bitcoin price series that exhibits some “stylized” facts found in real-time price series In this artificial market model two kinds of agents, Chartists and Random traders, perform trading. Chartists trade through the application of trading rules. Specifically, a part of Chartists trades applying the best sets of trading rules selected by a genetic algorithm that simulates a trading system, based on four technical analysis indicators, searching for parameters of each indicator that guarantee the highest profits in the training period; the remaining part trades applying trading rules choosing their parameters in a random way. On the contrary Random Traders trade without applying any trading strategy, issuing in a random way sell or buy orders Results show that the best sets of rules found guarantee the highest profits both in the training and in the testing periods, and perform well also in the artificial market model where the Chartists who adopt the best sets of trading rules are able to achieve higher profits.