• Title/Summary/Keyword: Blockchain Technology

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A Study on Adoption and Policy Direction of Blockchain Technology in Financial Industry (금융분야의 블록체인기술 활용과 정책방향에 관한 연구)

  • Park, Jeong Kuk;Kim, Injai
    • Journal of Information Technology Services
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    • v.16 no.2
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    • pp.33-44
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    • 2017
  • The financial industry recently introduces several issues for utilizing the blockchain technology as the core infrastructure of future finance. Blockchain, first introduced as the underlying technology of Crypto-currencies, Bitcoin is a technology that can ensure the integrity and reliability of data by verifying, recording, and storing data jointly in the network without a central administration organization or a manager. This blockchain has its potential power as a technology for issuing digital currencies, providing transparency, and securing record management, that is expected to be useful in the financial sector. At the same time, considering the characteristics of financial transactions which emphasize privacy, questions are raised about whether a blockchain structure in which information is distributed and shared among participants can be successful. How will we support to implement the potential of the blockchain in order to change the paradigm of the financial industry? How can we manage the side effects of blockchain effectively? Such a policy discussion is necessary. This study introduces the meaning of the blockchain technology, various utilization attempts, and possible problems facing technology from the viewpoint of financial industry, and suggests a policy direction for utilizing this technology as a catalyst to the progress of the financial industry or as a new technology power.

A Study on the Acceptance Intention and Usage Behavior of Blockchain Technology : From the Perspective of Unified Theory of Acceptance and Use of Technology (통합기술수용이론 관점에서 블록체인기술의 사용자 수용과 이용 행동에 관한 연구)

  • Kim, Byung-Gon;Lee, Byeong-Gil;Yoon, Il-Ki
    • Journal of Information Technology Applications and Management
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    • v.27 no.3
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    • pp.1-18
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    • 2020
  • Recently, following the development of FinTech technology that combines finance and information and communication technology, the need and social demands for a block chain technology-based trading system have increased significantly. In this study, a research model was developed and hypothesized through literature research on the concept of block chain technology, the technology acceptance model, and the unified theory of acceptance and use of technology. The research theories were tested by collecting data through surveys and analyzing the collected data. This study conducted empirical research to identify the factors influencing the user acceptance intention and utilization behavior of the block chain technology in introducing the block chain technology. First, factors affecting the acceptance intention of the blockchain user were performance expectation, effort expectation, social impact, and blockchain transparency variables. Second, the facilitation conditions and stakeholder confidence variables were analyzed as factors that did not affect the acceptability of the blockchain users. Third, variables such as blockchain transparency, stakeholder trust and intention of acceptance are factors that affect the usage behavior of the blockchain. Fourth, it was confirmed that the acceptance intention had a very high explanatory power on usage behavior of Blockchain technology.

Strategic Business Values of the Blockchain Technology Market to Assist Professionals: Deployment Perspective

  • Waleed Rashideh
    • International Journal of Computer Science & Network Security
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    • v.23 no.2
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    • pp.210-226
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    • 2023
  • It is difficult to transform a blockchain initiative from the feasibility stage to the fully commercialized the technology's products or services, especially considering the significant investment required and the lack of studies on the benefits and barriers from deployment perspective. Whereas some organizations have come up with their own solutions to moving beyond the feasibility stage, commercial applications do not yet exist and few organizations are willing to invest beyond the prototype phase and fill in the gap between the expected and actual business value of these types of projects. This study aims to develop a blockchain model using a survey to gather qualitative data on experts' opinions on the deployment of blockchain technology. Our model will measure how business professionals could take advantage of blockchain's disruptive technology to develop business opportunities. This study's contribution is to show blockchain technology's potential strategic business value. The findings from this exploration include the prospective for delivering comprehensions to businesses for different creating investment choices on the embracing of the blockchain technology.

Research on the Direction of Blockchain Game Platform using AI

  • Lee Jong Ho
    • International Journal of Advanced Culture Technology
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    • v.11 no.4
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    • pp.417-422
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    • 2023
  • AI blockchain technology, which is attracting attention as a core technology of the 4th Industrial Revolution, is a technology that can be used as an important means of innovation not only in the current gaming industry but also in various industrial fields. This paper extracts the platforms and types of blockchain games currently ranked within the top 100 on the blockchain app (DApp) sites State Of The DApps, DApp.com, and Dapp Rader and introduces the top games on major platforms. As a result of extracting platforms and types, the top games were mainly based on Ethereum, EOS, and Steam. However, the results showed that there are significantly more games based on the Ethereum platform, which are stable, easy to apply, and have a low barrier to entry due to the large number of users and DApps. We plan to improve awareness of blockchain games by studying the characteristics that only blockchain games have.

A Review of Concepts, Advantages and Pitfalls of Healthcare Applications in Blockchain Technology

  • Al-asmari, Aisha M.;Aloufi, Rahaf I.;Alotaibi, Youseef
    • International Journal of Computer Science & Network Security
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    • v.21 no.5
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    • pp.199-210
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    • 2021
  • Recently, research in blockchain technology has grown in popularity. Most of these researches have pointed out designing and improving conceptual structures to create digital systems that are more secure, accessible, and effective. Although blockchain offers a wide range of advantages, it also has some pitfalls. This research aims to present an understanding of the properties of blockchain, the advantages, pitfalls, and applications based on blockchain technology. To achieve the goal of understanding blockchain technology concepts, a systematic literature review approach was introduced. 93 papers were chosen and reviewed in total. Therefore, this research provides a summary of recent studies that have been published in the field of blockchain. Moreover, we have created concept maps and tables that aid in a deep understanding of blockchain technology concepts and exhibit some of the blockchain applications. In blockchain-based applications, we focused on two areas, namely the Internet of Things (IoT) and healthcare.

A Decision-making Model for Selection of Blockchain as a Service (BaaS(Blockchain as a Service) 선정을 위한 의사결정 모델)

  • Kwang-Kyu Seo
    • Journal of the Semiconductor & Display Technology
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    • v.23 no.1
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    • pp.7-11
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    • 2024
  • In the era of the 4th Industrial Revolution, new technologies such as artificial intelligence, big data, cloud, Internet of Things, and blockchain are being developed and applied to new industries. Blockchain has the characteristics of decentralization, security, and transparency, so it can serve as a core technology for developing new growth industries. Blockchain is provided as BaaS (Blockchain as a Service), but it is not easy for users who are introducing or building blockchain to choose BaaS. In this study, we identify evaluation factors and develop a decision-making model using fuzzy theory and AHP for BaaS selection. Eventually we aim to help companies choose the best BaaS and develop and commercialize blockchain-based services by developing a new decision-making model for BaaS selection.

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Applied Practices on Blockchain based Business Application

  • Park, Bo Kyung
    • International journal of advanced smart convergence
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    • v.10 no.4
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    • pp.198-205
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    • 2021
  • With the development of blockchain technology, the scope of blockchain applications has expanded rapidly. Blockchain decentralization allows transaction participants to make transparent and safe transactions without a third trust agency. A distributed ledger-based system enables transparent and trusted business for anonymous users. For this reason, many companies apply blockchain to various fields such as logistics, electronic voting, and real estate. Despite this interest, there are still not enough case studies confirming the potential of blockchain as a concrete business model. Therefore, it is necessary to study how blockchain technology can change the existing business model and connect it to a new business model. In this paper, we propose blockchain-based business models and workflow types in various fields such as healthcare, logistics, and energy. We also present application cases. We expect to help companies apply blockchain to their business.

Introducing Contemporary Blockchain Platforms

  • Alrumaih, Malak Suliman
    • International Journal of Computer Science & Network Security
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    • v.21 no.4
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    • pp.9-18
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    • 2021
  • Blockchain and its infrastructure technology have expanded rapidly in the last decade and are in high demand, but there is a lack of comprehensive studies on those platforms. Blockchain is a new technology based on the distributed digital ledger system. Decentralized trust is one of the key factors behind the blockchain-based system. Transparency of such a system is better than a conventional centralized ledger system. By using a blockchain-based transaction system, any business organization can harness key benefits like data integrity, confidentiality, and anonymity without involving any third party in control of the transactions. Since the blockchain is used in numerous applications and the horizon is expanding at an unprecedented pace. So, there is a need for an introducing and reviewing of blockchain platforms. In this paper, we have reported a review on existing contemporary blockchain platforms. In particular, From the existing studies, we have identified eighty blockchain platforms and the majority of them have a lack of technical details. To provide the researchers a comprehensive introducing on blockchain platforms to perform a broad guideline for future research and investment in the blockchain domain.

Blockchain technology usage on health equity: Is Blockchain technology a panacea for global health equity issues? (건강정보에 대한 블록체인 기술 응용: 블록체인 기술은 글로벌 건강 정보 이슈에 대해 만병 통치약이 될 수 있는가?)

  • Zaya, Sukhbat;Choi, Jaewon
    • Knowledge Management Research
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    • v.19 no.4
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    • pp.187-201
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    • 2018
  • This paper explores the potential of Blockchain technology in enabling a panacea for health equity. Since Satoshi Nakamoto first described Blockchain technology in 2008 pseudonymous paper, that distributed ledger system is empowered and ranging from finance to law to another sector and beyond. Also impacting healthcare sector and life science. In other words, there are many usage cases being researched in healthcare and Blockchain has shown its considerable special side in recent years. But this paper aims to the distributed ledger that is the special side of Blockchain technology is potentially can panacea for some global health equity issues such as patient data, counterfeit drug and hospital payment management.

A Study on the Effect of Blockchain on Personal Information Protection

  • Kim, Seong-Kyu (Steve)
    • Journal of Multimedia Information System
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    • v.6 no.3
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    • pp.125-130
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    • 2019
  • In this paper, Blockchain is mentioned as the next-generation core IT technology. As an immature technology, there are not many practical use cases, but it is expected to be widely applied in various industries such as cryptocurrency, finance, public, etc. to increase efficiency and enable new services that did not exist in the past. Nevertheless, the generalization of blockchain technology is still difficult. In particular, from the viewpoint of personal information protection, GDPR of Europe, etc., is becoming stronger. Considering that the core of the blockchain is the change of information sharing and processing method, it is very important how the blockchain can affect, especially from the viewpoint of privacy, and how the Privacy Act can be applied to the blockchain. However, the discussion on this part also seems to be insufficient. Therefore, in this paper, blockchain By analyzing the implications and implications of technologies and services using them from the perspective of the Privacy Act, we will discuss how the blockchain will be used to prevent leakage of privacy.