Blockchain based crowdfunding systems in Malaysian Perspective

Saadat, Md. Nazmus; Rahman, Syed Abdul Halim Syed Abdul; Nassr, Rasheed Mohammad; Zuhiri, Megat F.

doi:10.1145/3313991.3313999

Cited by 16 publications

(6 citation statements)

References 16 publications

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“…To this end, a secure and transparent donation platform is required to quash the skepticism surrounding the validity and transparency of existing donation platforms and, consequently, enable more citizens to extend monetary help. Various blockchain-based crowdfunding platforms have been proposed in recent times [214], [215]. Blockchain-based platforms can ensure a secure collection of money while also warranting transparency in regards to where the donated money is being used.…”

Section: F Secure Donation Platformmentioning

confidence: 99%

A Comprehensive Review of the COVID-19 Pandemic and the Role of IoT, Drones, AI, Blockchain, and 5G in Managing its Impact

et al. 2020

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The unprecedented outbreak of the 2019 novel coronavirus, termed as COVID-19 by the World Health Organization (WHO), has placed numerous governments around the world in a precarious position. The impact of the COVID-19 outbreak, earlier witnessed by the citizens of China alone, has now become a matter of grave concern for virtually every country in the world. The scarcity of resources to endure the COVID-19 outbreak combined with the fear of overburdened healthcare systems has forced a majority of these countries into a state of partial or complete lockdown. The number of laboratory-confirmed coronavirus cases has been increasing at an alarming rate throughout the world, with reportedly more than 3 million confirmed cases as of 30 April 2020. Adding to these woes, numerous false reports, misinformation, and unsolicited fears in regards to coronavirus, are being circulated regularly since the outbreak of the COVID-19. In response to such acts, we draw on various reliable sources to present a detailed review of all the major aspects associated with the COVID-19 pandemic. In addition to the direct health implications associated with the outbreak of COVID-19, this study highlights its impact on the global economy. In drawing things to a close, we explore the use of technologies such as the Internet of Things (IoT), Unmanned Aerial Vehicles (UAVs), blockchain, Artificial Intelligence (AI), and 5G, among others, to help mitigate the impact of COVID-19 outbreak.

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Section: F Secure Donation Platformmentioning

confidence: 99%

A Comprehensive Review of the COVID-19 Pandemic and the Role of IoT, Drones, AI, Blockchain, and 5G in Managing its Impact

et al. 2020

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“…Salah satu penelitian tentang penerapan smart contract pada sistem crowdfunding yaitu "Blockchain Based Crowdfunding Systems in Malaysian Perspective" [10]. Penelitian ini bertujuan untuk memecahkan beberapa masalah yang sering terjadi pada platform crowdfunding, seperti campaign yang tidak diatur dan beberapa campaign ternyata penipuan.…”

Section: Pendahuluanunclassified

Implementasi IPFS untuk Mengurangi Gas Fee Smart Contract Ethereum pada Aplikasi Penggalangan Dana

Kartiko,

Rismawan,

Ruslianto

2023

JEPIN

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Blockchain merupakan teknologi buku besar yang bersifat decentralized. Blockchain memiliki protokol consensus sebagai kesepakatan bersama dalam pengelolaan basis data. Contoh penerapan blockchain yaitu ethereum. Kelebihan ethereum yaitu dapat menjalankan program atau aturan yang disebut sebagai smart contract. Proses perubahan data pada ethereum memerlukan biaya transaksi atau gas fee. Nilai gas fee ini fluktuatif menyesuaikan gas fee terendah saat ini, kepadatan jaringan dan kompleksitas transaksi. Smart contract ethereum tidak efisien untuk menyimpan data yang berukuran besar karena semakin besar data yang disimpan maka semakin kompleks transaksi yang perlu dilakukan. Untuk meningkatkan efisiensi gas fee smart contract maka dilakukan sebuah penelitian dengan menerapkan InterPlanetary File System (IPFS). Teknik yang digunakan yaitu mengkombinasikan teknologi IPFS dengan smart contract ethereum untuk mengurangi kompleksitas transaksi ketika proses penyimpanan data penggalangan dana ke smart contract ethereum. Penerapan IPFS pada aplikasi penggalangan dana membutuhkan gas fee 0,00311847-0,003379868 ETH dengan kecepatan transaksi 12-36 detik. Berdasarkan pengujian sebanyak 40 kali dengan data yang berbeda, penerapan IPFS dapat menurunkan gas fee dengan rata-rata hingga 94,39% dan kecepatan transaksi sistem yang menerapkan IPFS lebih besar 13,55% dari sistem yang tidak menerapkan IPFS.

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“…A study [79] focused on developing a framework for applying BCT in higher education, raising the effectiveness of distributed systems, and improving their security and dependability. In [80], authors offered a solution based on BCT to the issue with the existing crowdfunding scene worldwide. In [81], authors designed a retail BCT requirement model to optimize industrial supply chain operations by improving consumer benefits.…”

Section: Theoriesmentioning

confidence: 99%

Blockchain Technology in Malaysian Context: Bibliometric Analysis and Systematic Review

Bazel,

Ahmad,

Mohammed

2023

Int. J. Adv. Sci. Eng. Inf. Technol.

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Blockchain technology has attracted widespread attention due to its compelling features, such as decentralization, transparency, and smart contracts, which can address significant issues in various industries in developing countries such as Malaysia. However, although several studies have arisen from diverse academic backgrounds addressing blockchain in Malaysia, no studies provide a comprehensive review and classification of the research in this field. The main goal of this research is to conduct a bibliometric analysis and systematic review of all blockchain papers published in Malaysia to understand the evolution of knowledge and present state and identify prospective future research fields. Web of Science and Scopus databases searched for existing literature on blockchain in Malaysia, and 76 papers were reviewed and categorized based on study purpose/focus, domain/sectors, the methodology employed, theories applied, and level of analysis. The findings show that blockchain is under-explored in Malaysia, and most current studies focus on Blockchain adoption in specific industries such as finance and supply chain management. However, in other areas, such as healthcare and education, Blockchain conceptual progress is still in its infancy. These findings are being utilized to suggest future research paths in this discipline, such as the need for methodological improvements and a theoretical basis to study blockchain in different sectors.

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Blockchain based crowdfunding systems in Malaysian Perspective

Cited by 16 publications

References 16 publications

A Comprehensive Review of the COVID-19 Pandemic and the Role of IoT, Drones, AI, Blockchain, and 5G in Managing its Impact

A Comprehensive Review of the COVID-19 Pandemic and the Role of IoT, Drones, AI, Blockchain, and 5G in Managing its Impact

Implementasi IPFS untuk Mengurangi Gas Fee Smart Contract Ethereum pada Aplikasi Penggalangan Dana

Blockchain Technology in Malaysian Context: Bibliometric Analysis and Systematic Review

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