Current Trends in Sustainability of Bitcoins and Related Blockchain Technology

Giungato, Pasquale; Rana, Roberto Leonardo; Tarabella, Angela; Tricase, Caterina

doi:10.3390/su9122214

Cited by 180 publications

(139 citation statements)

References 16 publications

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“…This can be the most important benefit of blockchain technology in logistics industry. The blockchain could be applied in many sectors in the future [19].…”

Section: Introductionmentioning

confidence: 99%

Blockchain Technology Implementation in Logistics

Aksentijević²,

et al. 2019

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This paper researches decentralized data storage represented by blockchain technology and the possibility of its development in sustainable logistics and supply chain management. Although the benefits of blockchain technology have been most widely researched in the financial sector, major challenges in logistics, such as order delay, damage to goods, errors, and multiple data entry can also be minimized by introducing blockchain technology. This paper presents a comprehensive review of the current and rising trends of blockchain technology usage in logistics and supply chain management.

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“…This can be the most important benefit of blockchain technology in logistics industry. The blockchain could be applied in many sectors in the future [19].…”

Section: Introductionmentioning

confidence: 99%

Blockchain Technology Implementation in Logistics

Aksentijević²,

et al. 2019

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“…Today, public blockchains such as Bitcoin and Ethereum can only process three to thirty transactions per second, while 60,000 transactions per second are required for Visa (Giungato 2017). This scalability challenge due to the limited transaction capacity, will further inhibit size 37 that the blockchain network can grow to.…”

Section: Adoption and Technology Challengesmentioning

confidence: 99%

Blockchain in global supply chains and cross border trade: a critical synthesis of the state-of-the-art, challenges and opportunities

Chang

Iakovou

Shi

2019

International Journal of Production Research

461

288

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Blockchain in supply chain management is expected to boom over the next five years. It is estimated that the global blockchain supply chain market would grow at a compound annual growth rate of 87% and increase from $45 million in 2018 to $3,314.6 million by 2023. Blockchain will improve business for all global supply chain stakeholders by providing enhanced traceability, facilitating digitisation, and securing chain-of-custody.This paper provides a synthesis of the existing challenges in global supply chain and trade operations, as well as the relevant capabilities and potential of blockchain. We further present leading pilot initiatives on applying blockchains to supply chains and the logistics industry to fulfil a range of needs. Finally, we discuss the implications of blockchain on customs and governmental agencies, summarize challenges in enabling the wide scale deployment of blockchain in global supply chain management, and identify future research directions.

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“…Starting from the peer-to-peer payment system, blockchain is gaining interest to be adopted in various fields because of its transparency and ability to mainatain privacy [16]. Many researches have investigated the possibility of applying the blockchain system in many fields, including energy systems, IoT, and voting.…”

Section: Blockchain Adaptation For Iotmentioning

confidence: 99%

A Scalable IoT Protocol via an Efficient DAG-Based Distributed Ledger Consensus

2020

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The Internet of Things (IoT) suffers from various security vulnerabilities. The use of blockchain technology can help resolve these vulnerabilities, but some practical problems in terms of scalability continue to hinder the adaption of blockchain for application in the IoT. The directed acyclic graph (DAG)-based Tangle model proposed by the IOTA Foundation aims to avoid transaction fees by employing a different protocol from that used in the blockchain. This model uses the Markov chain Monte Carlo (MCMC) algorithm to update a distributed ledger. However, concerns about centralization by the coordinator nodes remain. Additionally, the economic incentive to choose the algorithm is insufficient. The present study proposes a light and efficient distributed ledger update algorithm that regards only the subtangle of each step by considering the Bayesian inference. Experimental results have confirmed that the performance of the proposed methodology is similar to that of the existing methodology, and the proposed methodology enables a faster computation time. It also provides the same resistance to possible attacks, and for the same reasons, as does the MCMC algorithm.

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Current Trends in Sustainability of Bitcoins and Related Blockchain Technology

Cited by 180 publications

References 16 publications

Blockchain Technology Implementation in Logistics

Blockchain Technology Implementation in Logistics

Blockchain in global supply chains and cross border trade: a critical synthesis of the state-of-the-art, challenges and opportunities

A Scalable IoT Protocol via an Efficient DAG-Based Distributed Ledger Consensus

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