Application of Truffle Suite in a Blockchain Environment

Verma, Ram U.; Dhanda, Namrata; Nagar, Vishal

doi:10.1007/978-981-19-1142-2_54

Cited by 19 publications

(3 citation statements)

References 39 publications

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“…The key generation time of ECC is less when compared to the key generation time of RSA. Blockchain follows Secure Hashing Algorithms (SHA-256) that produce the output of 64 hexadecimal characters every time until and unless a different input is provided [18]. The efficiency of keys in SHA and its different variants can also be tested using Brute force which is also highlighted in the next sub-sections.…”

Section: Figure 1 the Rise Of Iotmentioning

confidence: 99%

Analysing the Security Aspects of IoT using Blockchain and Cryptographic Algorithms

Verma

Dhanda

Nagar

2023

IJRITCC

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Technological advancement is a never-ending field that shows its evolution from time to time. In 1832, with the invention of the electromagnetic telegraph, the era of the Internet of Things (IoT) began. Within the time of 190 years, this technological domain has revolutionized IoT and made it omnipresent. However, with this evolved and omnipresent nature of IoT, many drawbacks, privacy, interoperability, and security issues have also been generated. These different concerns should be tackled with some newer technologies rather than the conventional ones as somehow, they are only the generator of those issues. Outdated Security could be an appropriate issue of IoT along with the centralized point of failure. It also possesses more concerns and challenges to tackle. On the other side, there is a visible solution to address the challenges of IoT in this developing domain of technology. The visible approach is Blockchain which acted as the backbone in securing Bitcoin in 2008, which was created by the pseudo group named Satoshi Nakamoto. Blockchain has evolved from Blockchain 1.0 to Blockchain 4.0 as the latest one depicts its amalgamation with another component of Industry 4.0 i.e., Artificial Intelligence (AI). AI will give the ability to think logically and like humans. In addition to this SMART solution, there is also an advanced cryptographical technique known as the Elliptic Curve Digital Signature Algorithm (ECDSA) which can enhance the security spectrum of IoT if applied appropriately. This paper produces a vision to enhance and optimize the security of IoT using a network peer-to-peer technology Blockchain along with advanced cryptography.

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Section: Figure 1 the Rise Of Iotmentioning

confidence: 99%

Analysing the Security Aspects of IoT using Blockchain and Cryptographic Algorithms

Verma

Dhanda

Nagar

2023

IJRITCC

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“…One of the crucial tools used in the development is Truffle. Truffle is an application framework for creating DApps on the Ethereum blockchain [43]. ConsenSys developed it and introduced it to the public in 2015.…”

Section: Smart Contract E-waste Collection Implementation and Deploymentmentioning

confidence: 99%

Electronic Waste Collection Incentivization Scheme Based on the Blockchain

et al. 2023

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The approaches of motivating people for the collection of electronic waste (e-waste) are often insufficient due to inadequate methods of given incentives. Prior research studies have been carried out to tackle the issue of e-waste management in a broad sense. The findings of those studies indicated diverse strategies, each of which is relevant solely to a restricted range of electronic e-waste reprocessing circumstances. The current study has presented a proposed technique for incentivizing tasks and activities associated with the collection of e-waste through the adoption of the vector space technique. The method this research undertakes lies with utilizing blockchain smart contract technology. The reason for selecting this approach lies with the mapping of tasks, the nature of activities, and their magnitude, in order to derived an incentive. While the vector space model defines the set of tasks with their corresponding incentives, blockchain smart contract maps them together and establishes them in a record. Experimental scenarios for the calculation of incentives are presented; the findings reveal that among many scenarios of allocating incentives for e-waste collection, the best case is by utilizing a weighting scale scheme where each task and activity is mapped to its associated incentive rather than providing fixed incentive values. Ethereum was used as a digital token for each unit of incentive. This concept has contributed in encouraging personal accountability in the management of e-waste collection in order to cultivate sustainable behaviors for a long-term solution.

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“…It also explains the relationship between a legal contract and the generated smart contracts from the same legal contract can have one too many relationships. The tools and materials that we have used for this work are listed below: i) Ropsten Test Network [190], ii) Solidity Programming Language 0.5.3 [47], iii) Remix Web IDE [85], iv) Metamask [107], v) Node.js [161], vi) Truffle [173], vii) Ganache-CLI [106], viii) Web3 [175], ix) HD Wallet [49], x) Google Chrome in Incognito Mode [143], and xi) A Crowdfunding Legal Contract [67] xii) An Employment Agreement Legal Contract [132]. 3.5.…”

Section: Relationship Between a Traditional Legal Contract And A Smar...mentioning

confidence: 99%

Paradigm Shift from Vague Legal Contracts to Blockchain-Based Smart Contracts

Upadhyay

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In this dissertation, we address the problem of vagueness in traditional legal contracts by presenting novel methodologies that aid in the paradigm shift from traditional legal contracts to smart contracts. We discuss key enabling technologies that assist in converting the traditional natural language legal contract, which is full of vague words, phrases, and sentences to the blockchain-based precise smart contract, including metrics evaluation during our conversion experiment. To address the challenge of this contract-transformation process, we propose four novel proof-of-concept approaches that take vagueness and different possible interpretations into significant consideration, where we experiment with popular vendors' existing vague legal contracts. We show through experiments that our proposed methodologies are able to study the degree of vagueness in every interpretation and demonstrate which vendor's translated-smart contract can be more accurate, optimized, and have a lesser degree of vagueness. We also incorporated the method of fuzzy logic inside the blockchain-based smart contract, to successfully model the semantics of linguistic expressions. Our experiments and results show that the smart contract with the higher degrees of truth can be very complex technically but more accurate at the same time. By using fuzzy logic inside a smart contract, it becomes easier to solve the problem of contractual ambiguities as well as expedite the process of claiming compensation when implemented in a blockchain-based smart contract.

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Application of Truffle Suite in a Blockchain Environment

Cited by 19 publications

References 39 publications

Analysing the Security Aspects of IoT using Blockchain and Cryptographic Algorithms

Analysing the Security Aspects of IoT using Blockchain and Cryptographic Algorithms

Electronic Waste Collection Incentivization Scheme Based on the Blockchain

Paradigm Shift from Vague Legal Contracts to Blockchain-Based Smart Contracts

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