Supporting Blockchain-Based Cryptocurrency Mobile Payment With Smart Devices

Xu, Lei; Chen, Lin; Gao, Zhimin; Carranco, Larry; Fan, Xinxin; Shah, Nolan; Diallo, Nour; Shi, Weidong

doi:10.1109/mce.2019.2953734

Cited by 29 publications

(15 citation statements)

References 7 publications

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“…Recently, there have also been studies on mobile payments that adopted PPM as the theoretical framework. For example, Wang et al [48] applied PPM to discuss the influence of privacy, monetary rewards, self-efficacy, past investments, and economic values on the…”

Section: Push-pull-mooring Theorymentioning

confidence: 99%

Applying Transaction Cost Theory and Push-Pull-Mooring Model to Investigate Mobile Payment Switching Behaviors with Well-Established Traditional Financial Infrastructure

Wung

2020

JTAER

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The technology of mobile payments has received more attention than ever. However, whether it is possible that mobile payment will become a common payment method for consumers depends on the willingness of consumers. This study focuses on the intention from cash payment to mobile payment and adopts a qualitative and quantitative approach based on the theoretical structure of the Transaction Cost & the Push-Pull-Mooring Migration Model of Service Switching. Firstly, the Delphi Method was applied to extract three push variables (perceived trouble, perceived lack of transaction records, and difficulty of paying large amounts in cash) and three pull variables (perceived convenience, perceived benefit, and perceived time-saving). After surveying 586 samples, this proposed model was tested with a structural equation modeling approach. Results: 1. the pull facet tends to be more significant than the push facet. 2. Perceived trouble had a significant effect on push factors, while perceived convenience and perceived benefit had a significant effect on pull factors. 3. Push-&pull factors had significant effect on behavior of gender-&-age. And the-transaction-costs can divide into positive-transaction-costs and negative-transaction-costs after incorporating the Push-Pull-Mooring theory.

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Section: Push-pull-mooring Theorymentioning

confidence: 99%

Applying Transaction Cost Theory and Push-Pull-Mooring Model to Investigate Mobile Payment Switching Behaviors with Well-Established Traditional Financial Infrastructure

Wung

2020

JTAER

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“…In the mobile payments arena, Xinxin Fan et al have published a proposal for cryptocurrency mobile payments, including a solution to meet know your customer (KYC) anti-money laundering (AML) requirements [58].…”

Section: Iotex Use Casesmentioning

confidence: 99%

Identity and Access Management Resilience against Intentional Risk for Blockchain-Based IOT Platforms

2021

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Some Internet of Things (IoT) platforms use blockchain to transport data. The value proposition of IoT is the connection to the Internet of a myriad of devices that provide and exchange data to improve people’s lives and add value to industries. The blockchain technology transfers data and value in an immutable and decentralised fashion. Security, composed of both non-intentional and intentional risk management, is a fundamental design requirement for both IoT and blockchain. We study how blockchain answers some of the IoT security requirements with a focus on intentional risk. The review of a sample of security incidents impacting public blockchains confirm that identity and access management (IAM) is a key security requirement to build resilience against intentional risk. This fact is also applicable to IoT solutions built on a blockchain. We compare the two IoT platforms based on public permissionless distributed ledgers with the highest market capitalisation: IOTA, run on an alternative to a blockchain, which is a directed acyclic graph (DAG); and IoTeX, its contender, built on a blockchain. Our objective is to discover how we can create IAM resilience against intentional risk in these IoT platforms. For that, we turn to complex network theory: a tool to describe and compare systems with many participants. We conclude that IoTeX and possibly IOTA transaction networks are scale-free. As both platforms are vulnerable to attacks, they require resilience against intentional risk. In the case of IoTeX, DIoTA provides a resilient IAM solution. Furthermore, we suggest that resilience against intentional risk requires an IAM concept that transcends a single blockchain. Only with the interplay of edge and global ledgers can we obtain data integrity in a multi-vendor and multi-purpose IoT network.

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“…Blockchain has been applied to many areas to improve security, such as financial services, supply chain, IoT, healthcare, power grids, and energy management, etc. For example, blockchain has been used to perform securities and derivatives transactions [33,34], digital payment [35][36][37]. Besides, blockchain can aid in asset tracking, secure order fulfillment and transaction records, to enhance the resilience and sustainability of supply chain [38][39][40].…”

Section: B Related Workmentioning

confidence: 99%

Blockchain System Defensive Overview for Double-Spend and Selfish Mining Attacks: A Systematic Approach

et al. 2021

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Supporting Blockchain-Based Cryptocurrency Mobile Payment With Smart Devices

Cited by 29 publications

References 7 publications

Applying Transaction Cost Theory and Push-Pull-Mooring Model to Investigate Mobile Payment Switching Behaviors with Well-Established Traditional Financial Infrastructure

Applying Transaction Cost Theory and Push-Pull-Mooring Model to Investigate Mobile Payment Switching Behaviors with Well-Established Traditional Financial Infrastructure

Identity and Access Management Resilience against Intentional Risk for Blockchain-Based IOT Platforms

Blockchain System Defensive Overview for Double-Spend and Selfish Mining Attacks: A Systematic Approach

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