Addressing challenges of digital transformation with modified blockchain

Liyanaarachchi, Gajendra; Viglia, Giampaolo; Kurtaliqi, Fidan

doi:10.1016/j.techfore.2024.123254

Cited by 8 publications

(1 citation statement)

References 89 publications

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“…Some researchers modify the blockchain general models or algorithms and involve the concept of leader election [12,13]. Liyanaarachchi et al focus on socio-technical decision-making in the blockchain, so they imply selective immutability and federal decentralization concepts [14]. Some others relax the blockchain models to reduce the cost or to speed up the processing time.…”

Section: Related Workmentioning

confidence: 99%

Smart Partitioned Blockchain

Assiri,

Alnami

2024

Sensors

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Blockchain is a developing technology that promises advancements when it is applied to other fields. Applying blockchain to other systems requires a customized blockchain model to satisfy the requirements of different application fields. One important area is to integrate blockchain with smart spaces and the Internet of Things to process, manage, and store data. Actually, smart spaces and Internet of Things systems include various types of transactions in terms of sensitivity. The sensitivity can be considered as correctness sensitivity, time sensitivity, and specialization sensitivity. Correctness sensitivity means that the systems should accept precise or approximated data in some cases, whereas time sensitivity means that there are time bounds for each type of transaction, and specialization sensitivity applies when some transactions are processed only by specialized people. Therefore, this work introduces the smart partitioned blockchain model, where we use machine learning and deep learning models to classify transactions into different pools according to their sensitivity levels. Then, each pool is mapped to a specific part of the smart partitioned blockchain model. The parts can be permissioned or permissionless. The permissioned parts can have different sub-parts if needed. Consequently, the smart partitioned blockchain can be customized to meet application-field requirements. In the experimental results, we use bank and medical datasets with a predefined sensitivity threshold for classification accuracy in each system. The bank transactions are critical, whereas the classification of the medical dataset is speculative and less critical. The Random Forest model is used for bank-dataset classification, and its accuracy reaches 100%, whereas Sequential Deep Learning is used for the medical dataset, which reaches 91%. This means that all bank transactions are correctly mapped to the corresponding parts of the blockchain, whereas accuracy is lower for the medical dataset. However, acceptability is determined based on the predefined sensitivity threshold.

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Section: Related Workmentioning

confidence: 99%