An analysis of the blockchain ecosystem in the Western Balkans countries

Martiri, Edlira; Muça, Gentjana

doi:10.33107/ubt-ic.2018.82

Cited by 3 publications

(4 citation statements)

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“…In a permissioned manner, a centralized distributed system is implemented with blockchain characteristics [57,58]. The solutions mentioned in the papers [38,59,60] are less secure compared to a decentralized approach due to this centralized characteristic. Forged certificates are easier due to a too high trust assumption in centralized backend databases, which causes single-point-offailure concerns as well.…”

Section: Data Managementmentioning

confidence: 99%

Toward Building Smart Contract-Based Higher Education Systems Using Zero-Knowledge Ethereum Virtual Machine

Fekete

Kiss

2023

Electronics

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The issuing and verification of higher education certificates, including all higher education documents, still functions in a costly and inappropriately bureaucratic manner. Blockchain technology provides a more secure and consistent way to revolutionize the widely used generalized mechanisms and system concepts. In this paper, the most necessary requirements are examined regarding a blockchain-based higher education system, based on the most well-known research papers. Moreover, the opportunities of working on an education system by maintaining a decentralized structure organization are recommended as well. This paper recommends the most suitable blockchain scaling solution for the architecture of an education system which uses the most state-of-the-art EVM (Ethereum virtual machine) compatible approach to implement the higher education system with all the predefined requirements. It is proven that the explained smart contract-based higher education system, which uses zkEVM (zero-knowledge Ethereum virtual machine), consists of all necessary functionalities and satisfies all predefined requirements. In fact, the recommended system, by using a modular blockchain structure, implements all the functionality and capability of the examined related works in one system, namely GDPR (General Data Protection Regulation), which is compatible and more secure.

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Section: Data Managementmentioning

confidence: 99%

Toward Building Smart Contract-Based Higher Education Systems Using Zero-Knowledge Ethereum Virtual Machine

Fekete

Kiss

2023

Electronics

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“…This section will cover works related to our study, including an overview of other research proposals for document registration in the literature. Martiri et al (2018) provided a system architecture for a degree management system, which includes a plagiarism tool and a statistics module. The flow starts by extracting unstructured information from documents in .pdf format, which are then converted into a structured format resulting in a compact table with the necessary fields from the documents.…”

Section: Related Workmentioning

confidence: 99%

Extending the Docstone to Enable a Blockchain-based Service for Customizable Assets and Blockchain Types

Soares,

Saraiva,

Fernandes

et al. 2023

JSERD

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Document management ensures the accurate creation and storage of records within diverse organizations, and the process has been significantly enhanced by digitization. In this sense, blockchain has been relevant for meeting document management solution requirements. Nonetheless, there are still challenges in efficiently implementing blockchain infrastructure in organizations. In this context, this article extends previous studies that propose DocStone, an architecture designed to provide and facilitate the integration of blockchain-based assets for the registration and verification of client applications from different domains. In terms of contributions, this solution allows us to configure parameters to create customizable asset templates and select blockchains through a developer-friendly application programming interface. In this study, we discuss and evaluate an adaptation of Docstone’s architecture to support new assets and smart contracts in a custom way and a mechanism that automatically generates mapped IPFS directories for each smart contract. We performed an empirical study evaluating the deployment of smart contracts and data write and read operations using different types of assets. Moreover, we analyzed design decisions for decentralized applications to build DocStone. Notably, the study’s findings reveal that NFTs have higher deployment latency times than documents in Sepolia and Alfajores. However, documents have the lowest latency time on both networks for write and read requests. Alfajores was the blockchain that stood out the most, with the lowest latency of operations.

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“…9879 and by-laws issued on 21 February 2008 by the Financial Supervisory Authority (FSA) recognises only two types of money-making instruments for funding purposes, namely bonds and shares, issued either through private offering or IPO, and necessitating the submission of a document called "Prospectus", whereby investment risks are disclosed. It follows that the Albanian legal framework does not contain provisions for International Coin Offerings [5]. Yet Albania was one of the first European countries to adopt a regulatory framework for cryptocurrencies, aimed at protecting users from the risks of fraud, and impose fines in cases of abuse [6].…”

Section: The Albanian Regulatory Frameworkmentioning

confidence: 99%

“…In 2019, Natasha Ahmetaj, the Second Deputy Governor of the Bank of Albania, issued a press release [5] wherein she praised the foundations upon which the DLT Albanian ecosystem was built: "we have [in 2019] 112% mobile phone subscriptions and 66% internet access" [2]. Whereas the latter figure is on par with the UK the former is far behind with a mobile internet user penetration of 88.71% the same year [11].…”

Section: A Blockchain Roadmap For Albaniamentioning

confidence: 99%

A Distributed Ledger Technology Roadmap for Albania: Some Preliminary Reflections

Pilkington¹,

Kumaraku²,

Bushi³

et al. 2022

The JBBA

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Albania is a small country of the West Balkans situated in Southeast Europe still in the early stages of distributed ledger technology (DLT) adoption. In this research note, we begin to investigate the cryptocurrency regulatory framework and propose a national blockchain roadmap for the country. Albania was one of the first European nations to elaborate a cryptocurrency regulatory framework aimed at safeguarding users from the dangers of fraud and imposing sanctions in situations of misuse. Our proposed national blockchain roadmap includes emerging priorities such as licensed entities, digital divide reduction, remittances digitisation, Ethereum 2.0, blockchain FDI, e-voting, and the quadruple helix system.

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An analysis of the blockchain ecosystem in the Western Balkans countries

Cited by 3 publications

References 0 publications

Toward Building Smart Contract-Based Higher Education Systems Using Zero-Knowledge Ethereum Virtual Machine

Toward Building Smart Contract-Based Higher Education Systems Using Zero-Knowledge Ethereum Virtual Machine

Extending the Docstone to Enable a Blockchain-based Service for Customizable Assets and Blockchain Types

A Distributed Ledger Technology Roadmap for Albania: Some Preliminary Reflections

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