Enterprise blockchain solutions attempt to solve the crucial matter of user privacy, albeit that blockchain was initially directed towards full transparency. In the context of Know Your Customer (KYC) standardization, a decentralized schema that enables user privacy protection on enterprise blockchains is proposed with two types of developed smart contracts. Through the public KYC smart contract, a user registers and uploads their KYC information to the exploited IPFS storage, actions interpreted in blockchain transactions on the permissioned blockchain of Alastria Network. Furthermore, through the public KYC smart contract, an admin user approves or rejects the validity and expiration date of the initial user’s KYC documents. Inside the private KYC smart contract, CRUD (Create, read, update and delete) operations for the KYC file repository occur. The presented system introduces effectiveness and time efficiency of operations through its schema simplicity and smart integration of the different technology modules and components. This developed scheme focuses on blockchain technology as the most important and critical part of the architecture and tends to accomplish an optimal schema clarity.
Blockchains are being recently used as a supporting technology framework for decentralized applications requiring functionalities such as exchange of value through tokens, cryptocurrency and smart contracts. In this paper, we have developed a decentralized application model in Python, where blockchain data are stored in a Neo4j graph database. Following the basic principles of Ethereum blockchain network, we implemented a Casper-like consensus mechanism and tested its effectiveness in achieving finality. For block proposing, we employed both Proof of Work and Proof of Stake protocols and examined how participants’ incentives and consensus criteria differ according to each one. A major part of this work is to incorporate the graph model in the functionality of the blockchain and its components, while also exploiting its benefits in data analysis by finding relationships between data and extracting their true value. Through this approach, we were able to monitor and visualize changes in blockchain data in various use case scenarios. Lastly, we ran a series of simulated experiments to test the efficiency of the implemented technologies and mechanisms in preventing the most common blockchain attacks such as the 51% Attack, Catastrophic Crashes and Attack from dynamic validator sets. We show how the modelling of the blockchain data as a distributed graph can assist protocols operations, enhance their security, and facilitate the application of analytical methods to the stored information through path-dependent queries.
28 June 2023 in Future Generation Computer Systems
In this paper, we demonstrate the multiple points of innovation when combining blockchain technology with Internet of Things (IoT) and security frameworks. The deployment and use of IoT device networks in smart city environments has produced an enormous amount of data. The fact that those data are possessed by multiple sources that use independent systems for data collection, storage, and use impedes the exploitation of their value. Blockchains, as distributed ledgers, can be used for addressing the development of a universal system for data collection and distribution. Smart contracts can be used to automate all the processes of such a network, while at the same time, blockchain and the InterPlanetary File System (IPFS) protect sensitive data through anonymity and distributed storage. An innovative and open IoT blockchain market of applications, data, and services is proposed that: (i) provides the framework upon which objects and people can exchange value in form of virtual currencies, for assets (data and services) received; (ii) defines the motivation incentives according to social and business context for humans and smart objects to interact. The specific marketplace is piloted through a cross-border trial between Santander and Fujisawa, in the context of the M-Sec project, validating thus the interoperability, efficiency, and data protection principles.
Private and permissioned blockchains are conceptualized and mostly assembled for fulfilling corporations’ demands and needs in the context of their own premises. This paper presents a complete and sophisticated end-to-end permissioned blockchain application for governance and management of musical rights endorsed by smart contract development. In a music industry use case, this disclosed solution monitors and regulates conflicting musical rights of diverse entities under a popular permissioned distributed ledger technology network. The proposed implementation couples various and distinct business domains across the music industry organizations and non-profit blockchain associations.
1 August 2025 in Journal of the Association for Information Science and Technology