NormaChain: A Blockchain-Based Normalized Autonomous Transaction Settlement System for IoT-Based E-Commerce

Liu, Chunchi; Xiao, Yinhao; Javangula, Vishesh; Hu, Qin; Wang, Shengling; Cheng, Xiuzhen

doi:10.1109/jiot.2018.2877634

Cited by 91 publications

(46 citation statements)

References 19 publications

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“…Review papers that analyzed the state of art implementations, limitations and solutions of blockchain in IoT are reported in References 27–29. Other applications of the blockchain in IoT are given in References 30–32 to synchronize the network‐wide view of several SDNs; access management; and autonomous settlement system.…”

Section: Related Workmentioning

confidence: 99%

A secure blockchain‐based demurrage mechanism for energy trading in smart communities

Dahunsi

Javaid

2020

Int J Energy Res

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This paper combines additive homomorphic encryption and consortium blockchain technology to provide privacy and trust. Additionally, a dynamic energy pricing model is formulated based on the demand response ratio (DRR) of the load demand of prosumers to address fixed energy pricing problems. The proposed dynamic pricing model includes demurrage fees, which is a monetary penalty imposed on a prosumer, if it failed to deliver energy within the agreed duration. Furthermore, this paper also designs and analyzes a threat model of the proposed system. Experimental evaluations show the effectiveness of the proposed model with regards to low transaction cost, the minimum execution time for block creation, the privacy of prosumers and dispute resolution of demurrage fees. Moreover, the proposed scheme reduces the average system overhead cost up to 66.67% as compared to 33.43% for an existing scheme. Additionally, the proposed blockchain proof-of-authority consensus average hash power is minimized up to 82.75% as compared to 60.34% for proof-of-stake and 56.89% for proof-of-work consensus mechanisms.

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Section: Related Workmentioning

confidence: 99%

A secure blockchain‐based demurrage mechanism for energy trading in smart communities

Dahunsi

Javaid

2020

Int J Energy Res

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“…This also involves industries such as banking, equity trading market, supply chain, and energy trading [17][18][19][20]. Third, we have the application of blockchain technology in other industrial fields, such as medical, government, e-commerce, tourism, and so on [21][22][23][24][25][26][27][28].…”

Section: Literature On Blockchain Technologymentioning

confidence: 99%

Construction of Chinese Smart Water Conservancy Platform Based on the Blockchain: Technology Integration and Innovation Application

Zhang

Luo

2020

Sustainability

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Blockchain technology has triggered a new round of technological innovation and industrial change. Promoting the deep integration of blockchain technology and smart water conservancy has become an essential part of the digital transformation of the Chinese smart water conservancy industry. On the basis of the analysis of the framework of the smart water conservancy system and the technology infrastructure model of the blockchain, a conceptual model of a smart water conservancy information sharing platform is established. The platform has four-in-one and multicentralized participants including government departments, water conservancy enterprises, the public, and third-party maintenance, and the design of “alliance chain + private chain” dual chain smart contract. Moreover, the multidimensional scenarios of smart water conservancy innovation applications incorporating blockchain platform technology are addressed. Then, the water rights trading market is taken as an example to propose an innovative development path with consensus mechanisms, smart contracts, asymmetric encryption, and information source tracing. Although there may be some questions and challenges related to smart water conservancy and blockchain technology, this paper can provide a reference for the sustainable development of the smart water conservancy industry due to its fundamental societal contributions.

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“…A distributed solution to automotive security and privacy [6] Blockchains offer to revolutionize many areas. One of those areas is the traffic or vehicular management.…”

Section: Blockchainmentioning

confidence: 99%

Blockchains: Improve the Scalability and Efficiency of Conventional Blockchain by Providing a Lightweight Block Mining and Communication Algorithm

Peram¹,

Premamayudu²

2020

ISI

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To provide secure and reliable services using the internet of things (IoT) in the smart cities/villages is a challenging and complex issue. A high throughput and resilient services are required to process vast data generated by the smart city/villages that felicitates to run the applications of smart city. To provide security and privacy a scalable blockchain (BC) mechanism is a necessity to integrate the scalable ledger and transactions limit in the BC. In this paper, we investigated the available solutions to improve its scalability and efficiency. However, most of the algorithms are not providing the better solution to achieve scalability for the smart city data. Here, proposed and implemented a hybrid approach to improve the scalability and rate of transactions on BC using practical Byzantine fault tolerance and decentralized public key algorithms. The proposed Normachain is compares our results with the existing model. The results show that the transaction rate got improved by 6.43% and supervision results got improved by 17.78%.

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NormaChain: A Blockchain-Based Normalized Autonomous Transaction Settlement System for IoT-Based E-Commerce

Cited by 91 publications

References 19 publications

A secure blockchain‐based demurrage mechanism for energy trading in smart communities

A secure blockchain‐based demurrage mechanism for energy trading in smart communities

Construction of Chinese Smart Water Conservancy Platform Based on the Blockchain: Technology Integration and Innovation Application

Blockchains: Improve the Scalability and Efficiency of Conventional Blockchain by Providing a Lightweight Block Mining and Communication Algorithm

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