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Integrated IoT-Based Secure and Efficient Key Management Framework Using Hashgraphs for Autonomous Vehicles to Ensure Road Safety. SENSORS 2022; 22:s22072529. [PMID: 35408144 PMCID: PMC9003233 DOI: 10.3390/s22072529] [Citation(s) in RCA: 2] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 12/18/2021] [Revised: 03/02/2022] [Accepted: 03/04/2022] [Indexed: 11/17/2022]
Abstract
Autonomous vehicles offer various advantages to both vehicle owners and automobile companies. However, despite the advantages, there are various risks associated with these vehicles. These vehicles interact with each other by forming a vehicular network, also known as VANET, in a centralized manner. This centralized network is vulnerable to cyber-attacks which can cause data loss, resulting in road accidents. Thus, to prevent the vehicular network from being attacked and to prevent the privacy of the data, key management is used. However, key management alone over a centralized network is not effective in ensuring data integrity in a vehicular network. To resolve this issue, various studies have introduced a blockchain-based approach and enabled key management over a decentralized network. This technique is also found effective in ensuring the privacy of all the stakeholders involved in a vehicular network. Furthermore, a blockchain-based key management system can also help in storing a large amount of data over a distributed network, which can encourage a faster exchange of information between vehicles in a network. However, there are certain limitations of blockchain technology that may affect the efficient working of autonomous vehicles. Most of the existing blockchain-based systems are implemented over Ethereum or Bitcoin. The transaction-processing capability of these blockchains is in the range of 5 to 20 transactions per second, whereas hashgraphs are capable of processing thousands of transactions per second as the data are processed exponentially. Furthermore, a hashgraph prevents the user from altering the order of the transactions being processed, and they do not need high computational powers to operate, which may help in reducing the overall cost of the system. Due to the advantages offered by a hashgraph, an advanced key management framework based on a hashgraph for secure communication between the vehicles is suggested in this paper. The framework is developed using the concept of Leaving of Vehicles based on a Logical Key Hierarchy (LKH) and Batch Rekeying. The system is tested and compared with other closely related systems on the basis of the transaction compilation time and change in traffic rates.
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Chamola V, Goyal A, Sharma P, Hassija V, Binh HTT, Saxena V. Artificial intelligence-assisted blockchain-based framework for smart and secure EMR management. Neural Comput Appl 2022; 35:1-11. [PMID: 35310553 PMCID: PMC8918902 DOI: 10.1007/s00521-022-07087-7] [Citation(s) in RCA: 2] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 05/13/2021] [Accepted: 02/14/2022] [Indexed: 11/24/2022]
Abstract
Healthcare professionals, patients, and other stakeholders have been storing medical prescriptions and other relevant reports electronically. These reports contain the personal information of the patients, which is sensitive data. Therefore, there exists a need to store these records in a decentralized model (using IPFS and Ethereum decentralized application) to provide data and identity protection. Many patients recurrently visit doctors and undergo treatments while receiving different prescriptions and reports. In case of an emergency, the doctors and attendants may need and benefit from the patients' medical history. However, they are unable to go through medical history and a wide range of previous reports and prescriptions due to time constraints. In this paper, we propose an AI-assisted blockchain-based framework in which the stored medical records (handwritten prescriptions, printed prescriptions, and printed reports) are stored and processed using various AI techniques like optical character recognition (OCR) to form a single patient medical history report. The report concisely presents only the crucial information for convenience and perusal and is stored securely over a decentralized blockchain network for later use.
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García-Corral FJ, Cordero-García JA, de Pablo-Valenciano J, Uribe-Toril J. A bibliometric review of cryptocurrencies: how have they grown? FINANCIAL INNOVATION 2022; 8:2. [PMID: 35024296 PMCID: PMC8720259 DOI: 10.1186/s40854-021-00306-5] [Citation(s) in RCA: 6] [Impact Index Per Article: 3.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/06/2020] [Accepted: 11/14/2021] [Indexed: 05/27/2023]
Abstract
With the development of new technologies, some concepts become relevant in the economic area, as is the case with cryptocurrencies, in general, or Bitcoin and Ethereum, in particular. Due to the impact of these tools, a detailed bibliometric study that allows us to obtain all information about cryptocurrencies must be conducted. This study will help scientific production by specifying the development and lines of related research that have been followed and are currently being followed. We have used Tableau, R (Bibliometrix R Package), and VOSviewer software to analyze the information. These have been combined to create and review unified metadata from the Web of Science (WoS) and Scopus databases. The bibliometric analysis shows 771 articles on the WoS database and 648 articles on Scopus published between 2010 and early 2019. They present the most relevant articles, research areas, countries, institutions, authors, journals, and trends during the last few years. In conclusion, the number of publications has grown in the last 3 years. The analysis shows the evolution of blockchain technology used in this type of cryptocurrency. The review of this period marks a possible end to the historical part of cryptocurrencies, thereby opening the current topic to its multiple applications.
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Akcora CG, Gel YR, Kantarcioglu M. Blockchain networks: Data structures of Bitcoin, Monero, Zcash, Ethereum, Ripple, and Iota. WILEY INTERDISCIPLINARY REVIEWS. DATA MINING AND KNOWLEDGE DISCOVERY 2022; 12:e1436. [PMID: 35865106 PMCID: PMC9286592 DOI: 10.1002/widm.1436] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 04/16/2021] [Revised: 08/13/2021] [Accepted: 08/18/2021] [Indexed: 06/15/2023]
Abstract
Blockchain is an emerging technology that has enabled many applications, from cryptocurrencies to digital asset management and supply chains. Due to this surge of popularity, analyzing the data stored on blockchains poses a new critical challenge in data science. To assist data scientists in various analytic tasks for a blockchain, in this tutorial, we provide a systematic and comprehensive overview of the fundamental elements of blockchain network models. We discuss how we can abstract blockchain data as various types of networks and further use such associated network abstractions to reap important insights on blockchains' structure, organization, and functionality. This article is categorized under:Technologies > Data PreprocessingApplication Areas > Business and IndustryFundamental Concepts of Data and Knowledge > Data ConceptsFundamental Concepts of Data and Knowledge > Knowledge Representation.
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Sarkodie SA, Ahmed MY, Owusu PA. COVID-19 pandemic improves market signals of cryptocurrencies-evidence from Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. FINANCE RESEARCH LETTERS 2022; 44:102049. [PMID: 35475023 PMCID: PMC9024312 DOI: 10.1016/j.frl.2021.102049] [Citation(s) in RCA: 20] [Impact Index Per Article: 10.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 01/29/2021] [Revised: 03/25/2021] [Accepted: 04/02/2021] [Indexed: 05/14/2023]
Abstract
The COVID-19 global pandemic has disrupted business-as-usual, hence, affecting sustained economic development across countries. However, it appears economic uncertainty following COVID-19 containment measures favor market signals of cryptocurrencies. Here, this study empirically and structurally investigates the implication of COVID-19 health outcomes on market prices of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Evidence from the novel Romano-Wolf multiple hypotheses reveal COVID-19 shocks spur Litecoin by 3.20-3.84%, Bitcoin by 2.71-3.27%, Ethereum by 1.43-1.75%, and Bitcoin Cash by 1.34-1.62%.
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Chauhan H, Gupta D, Gupta S, Singh A, Aljahdali HM, Goyal N, Noya ID, Kadry S. Blockchain Enabled Transparent and Anti-Counterfeiting Supply of COVID-19 Vaccine Vials. Vaccines (Basel) 2021; 9:vaccines9111239. [PMID: 34835170 PMCID: PMC8620123 DOI: 10.3390/vaccines9111239] [Citation(s) in RCA: 7] [Impact Index Per Article: 2.3] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 09/03/2021] [Revised: 09/27/2021] [Accepted: 09/30/2021] [Indexed: 12/23/2022] Open
Abstract
The COVID-19 pandemic has profoundly affected almost all facets of peoples’ lives, various economic areas and regions of the world. In such a situation implementation of a vaccination can be viewed as essential but its success will be dependent on availability and transparency in the distribution process that will be shared among the stakeholders. Various distributed ledgers (DLTs) such as blockchain provide an open, public, immutable system that has numerous applications due the mentioned abilities. In this paper the authors have proposed a solution based on blockchain to increase the security and transparency in the tracing of COVID-19 vaccination vials. Smart contracts have been developed to monitor the supply, distribution of vaccination vials. The proposed solution will help to generate a tamper-proof and secure environment for the distribution of COVID-19 vaccination vials. Proof of delivery is used as a consensus mechanism for the proposed solution. A feedback feature is also implemented in order to track the vials lot in case of any side effect cause to the patient. The authors have implemented and tested the proposed solution using Ethereum test network, RinkeyBy, MetaMask, one clicks DApp. The proposed solution shows promising results in terms of throughput and scalability.
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Javed IT, Alharbi F, Bellaj B, Margaria T, Crespi N, Qureshi KN. Health-ID: A Blockchain-Based Decentralized Identity Management for Remote Healthcare. Healthcare (Basel) 2021; 9:healthcare9060712. [PMID: 34200778 PMCID: PMC8230390 DOI: 10.3390/healthcare9060712] [Citation(s) in RCA: 16] [Impact Index Per Article: 5.3] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 04/24/2021] [Revised: 06/05/2021] [Accepted: 06/05/2021] [Indexed: 11/21/2022] Open
Abstract
COVID-19 has made eHealth an imperative. The pandemic has been a true catalyst for remote eHealth solutions such as teleHealth. Telehealth facilitates care, diagnoses, and treatment remotely, making them more efficient, accessible, and economical. However, they have a centralized identity management system that restricts the interoperability of patient and healthcare provider identification. Thus, creating silos of users that are unable to authenticate themselves beyond their eHealth application’s domain. Furthermore, the consumers of remote eHealth applications are forced to trust their service providers completely. They cannot check whether their eHealth service providers adhere to the regulations to ensure the security and privacy of their identity information. Therefore, we present a blockchain-based decentralized identity management system that allows patients and healthcare providers to identify and authenticate themselves transparently and securely across different eHealth domains. Patients and healthcare providers are uniquely identified by their health identifiers (healthIDs). The identity attributes are attested by a healthcare regulator, indexed on the blockchain, and stored by the identity owner. We implemented smart contracts on an Ethereum consortium blockchain to facilities identification and authentication procedures. We further analyze the performance using different metrics, including transaction gas cost, transaction per second, number of blocks lost, and block propagation time. Parameters including block-time, gas-limit, and sealers are adjusted to achieve the optimal performance of our consortium blockchain.
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A Scalable Implementation of Anonymous Voting over Ethereum Blockchain. SENSORS 2021; 21:s21123958. [PMID: 34201320 PMCID: PMC8229461 DOI: 10.3390/s21123958] [Citation(s) in RCA: 7] [Impact Index Per Article: 2.3] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 04/19/2021] [Revised: 06/05/2021] [Accepted: 06/05/2021] [Indexed: 12/02/2022]
Abstract
We considered scalable anonymous voting on the Ethereum blockchain. We identified three major bottlenecks in implementation: (1) division overflow in encryption of voting values for anonymity; (2) large time complexity in tallying, which limited scalability in the number of candidates and voters; and (3) tallying failure due to “no votes” from registered voters. Previous schemes failed at tallying if one (or more) registered voters did not send encrypted voting values. Algorithmic solutions and implementation details are provided. An experiment using Truffle and Remix running on a desktop PC was performed for evaluation. Our scheme shows great reduction in gas, which measures the computational burden of smart contracts to be executed on Ethereum. For instance, our scheme consumed 1/53 of the gas compared to a state-of-the-art solution for 60 voters. Time complexity analysis shows that our scheme is asymptotically superior to known solutions. In addition, we propose a solution to the tallying failure due to the “no vote” from registered voters.
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Agostinho BM, Dantas MAR, Pinto ASR. Proposal of an Economy of Things Architecture and an Approach Comparing Cryptocurrencies. SENSORS 2021; 21:s21093239. [PMID: 34067066 PMCID: PMC8124600 DOI: 10.3390/s21093239] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 03/31/2021] [Revised: 04/26/2021] [Accepted: 04/30/2021] [Indexed: 11/16/2022]
Abstract
In the present computational scenario, one can perceive the emergence of cryptocurrencies and the increased utilization of IoT devices, which are pushing to new challenges, opportunities, and behavior changes. It is still not known how these technologies will impact the current business and economic models. In this regard, this study proposes an economy of things architecture and an approach comparing several cryptocurrencies. Therefore, the proposed architecture aims to use these new opportunities to enable device-to-device (D2D) interaction based on this novel paradigm, called the Economy of Things (EoT). An experimental environment was conducted to compare characteristics of the cryptocurrencies Ripple, Iota, and Ethereum. The initial results show several interesting differences related to transaction costs, errors, speeds, and threads.
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Secure Combination of IoT and Blockchain by Physically Binding IoT Devices to Smart Non-Fungible Tokens Using PUFs. SENSORS 2021; 21:s21093119. [PMID: 33946227 PMCID: PMC8125170 DOI: 10.3390/s21093119] [Citation(s) in RCA: 8] [Impact Index Per Article: 2.7] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 03/31/2021] [Revised: 04/22/2021] [Accepted: 04/27/2021] [Indexed: 11/21/2022]
Abstract
Non-fungible tokens (NFTs) are widely used in blockchain to represent unique and non-interchangeable assets. Current NFTs allow representing assets by a unique identifier, as a possession of an owner. The novelty introduced in this paper is the proposal of smart NFTs to represent IoT devices, which are physical smart assets. Hence, they are also identified as the utility of a user, they have a blockchain account (BCA) address to participate actively in the blockchain transactions, they can establish secure communication channels with owners and users, and they operate dynamically with several modes associated with their token states. A smart NFT is physically bound to its IoT device thanks to the use of a physical unclonable function (PUF) that allows recovering its private key and, then, its BCA address. The link between tokens and devices is difficult to break and can be traced during their lifetime, because devices execute a secure boot and carry out mutual authentication processes with new owners and users that could add new software. Hence, devices prove their trusted hardware and software. A whole demonstration of the proposal developed with ESP32-based IoT devices and Ethereum blockchain is presented, using the SRAM of the ESP32 microcontroller as the PUF.
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Taralunga DD, Florea BC. A Blockchain-Enabled Framework for mHealth Systems. SENSORS (BASEL, SWITZERLAND) 2021; 21:2828. [PMID: 33923842 PMCID: PMC8073055 DOI: 10.3390/s21082828] [Citation(s) in RCA: 7] [Impact Index Per Article: 2.3] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 02/24/2021] [Revised: 03/29/2021] [Accepted: 04/09/2021] [Indexed: 11/27/2022]
Abstract
Presently modern technology makes a significant contribution to the transition from traditional healthcare to smart healthcare systems. Mobile health (mHealth) uses advances in wearable sensors, telecommunications and the Internet of Things (IoT) to propose a new healthcare concept centered on the patient. Patients' real-time remote continuous health monitoring, remote diagnosis, treatment, and therapy is possible in an mHealth system. However, major limitations include the transparency, security, and privacy of health data. One possible solution to this is the use of blockchain technologies, which have found numerous applications in the healthcare domain mainly due to theirs features such as decentralization (no central authority is needed), immutability, traceability, and transparency. We propose an mHealth system that uses a private blockchain based on the Ethereum platform, where wearable sensors can communicate with a smart device (a smartphone or smart tablet) that uses a peer-to-peer hypermedia protocol, the InterPlanetary File System (IPFS), for the distributed storage of health-related data. Smart contracts are used to create data queries, to access patient data by healthcare providers, to record diagnostic, treatment, and therapy, and to send alerts to patients and medical professionals.
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Ahmad RW, Salah K, Jayaraman R, Yaqoob I, Omar M, Ellahham S. Blockchain-Based Forward Supply Chain and Waste Management for COVID-19 Medical Equipment and Supplies. IEEE ACCESS : PRACTICAL INNOVATIONS, OPEN SOLUTIONS 2021; 9:44905-44927. [PMID: 34812386 PMCID: PMC8545229 DOI: 10.1109/access.2021.3066503] [Citation(s) in RCA: 16] [Impact Index Per Article: 5.3] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/02/2021] [Accepted: 03/12/2021] [Indexed: 05/22/2023]
Abstract
The year 2020 has witnessed unprecedented levels of demand for COVID-19 medical equipment and supplies. However, most of today's systems, methods, and technologies leveraged for handling the forward supply chain of COVID-19 medical equipment and the waste that results from them after usage are inefficient. They fall short in providing traceability, reliability, operational transparency, security, and trust features. Also, they are centralized that can cause a single point of failure problem. In this paper, we propose a decentralized blockchain-based solution to automate forward supply chain processes for the COVID-19 medical equipment and enable information exchange among all the stakeholders involved in their waste management in a manner that is fully secure, transparent, traceable, and trustworthy. We integrate the Ethereum blockchain with decentralized storage of interplanetary file systems (IPFS) to securely fetch, store, and share the data related to the forward supply chain of COVID-19 medical equipment and their waste management. We develop algorithms to define interaction rules regarding COVID-19 waste handling and penalties to be imposed on the stakeholders in case of violations. We present system design along with its full implementation details. We evaluate the performance of the proposed solution using cost analysis to show its affordability. We present the security analysis to verify the reliability of the smart contracts, and discuss our solution from the generalization and applicability point of view. Furthermore, we outline the limitations of our solution in form of open challenges that can act as future research directions. We make our smart contracts code publicly available on GitHub.
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A Smart Contract-Based P2P Energy Trading System with Dynamic Pricing on Ethereum Blockchain. SENSORS 2021; 21:s21061985. [PMID: 33799808 PMCID: PMC8000994 DOI: 10.3390/s21061985] [Citation(s) in RCA: 12] [Impact Index Per Article: 4.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 02/15/2021] [Revised: 03/08/2021] [Accepted: 03/08/2021] [Indexed: 11/17/2022]
Abstract
We implement a peer-to-peer (P2P) energy trading system between prosumers and consumers using a smart contract on Ethereum blockchain. The smart contract resides on a blockchain shared by participants and hence guarantees exact execution of trade and keeps immutable transaction records. It removes high cost and overheads needed against hacking or tampering in traditional server-based P2P energy trade systems. The salient features of our implementation include: 1. Dynamic pricing for automatic balancing of total supply and total demand within a microgrid, 2. prevention of double sale, 3. automatic and autonomous operation, 4. experiment on a testbed (Node.js and web3.js API to access Ethereum Virtual Machine on Raspberry Pis with MATLAB interface), and 5. simulation via personas (virtual consumers and prosumers generated from benchmark). Detailed description of our implementation is provided along with state diagrams and core procedures.
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Sebastião H, Godinho P. Forecasting and trading cryptocurrencies with machine learning under changing market conditions. FINANCIAL INNOVATION 2021; 7:3. [PMID: 35024269 PMCID: PMC7785332 DOI: 10.1186/s40854-020-00217-x] [Citation(s) in RCA: 31] [Impact Index Per Article: 10.3] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 01/11/2020] [Accepted: 11/27/2020] [Indexed: 05/23/2023]
Abstract
This study examines the predictability of three major cryptocurrencies-bitcoin, ethereum, and litecoin-and the profitability of trading strategies devised upon machine learning techniques (e.g., linear models, random forests, and support vector machines). The models are validated in a period characterized by unprecedented turmoil and tested in a period of bear markets, allowing the assessment of whether the predictions are good even when the market direction changes between the validation and test periods. The classification and regression methods use attributes from trading and network activity for the period from August 15, 2015 to March 03, 2019, with the test sample beginning on April 13, 2018. For the test period, five out of 18 individual models have success rates of less than 50%. The trading strategies are built on model assembling. The ensemble assuming that five models produce identical signals (Ensemble 5) achieves the best performance for ethereum and litecoin, with annualized Sharpe ratios of 80.17% and 91.35% and annualized returns (after proportional round-trip trading costs of 0.5%) of 9.62% and 5.73%, respectively. These positive results support the claim that machine learning provides robust techniques for exploring the predictability of cryptocurrencies and for devising profitable trading strategies in these markets, even under adverse market conditions.
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Musamih A, Jayaraman R, Salah K, Hasan HR, Yaqoob I, Al-Hammadi Y. Blockchain-Based Solution for Distribution and Delivery of COVID-19 Vaccines. IEEE ACCESS : PRACTICAL INNOVATIONS, OPEN SOLUTIONS 2021; 9:71372-71387. [PMID: 34812393 PMCID: PMC8545205 DOI: 10.1109/access.2021.3079197] [Citation(s) in RCA: 8] [Impact Index Per Article: 2.7] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 04/21/2021] [Accepted: 05/08/2021] [Indexed: 05/10/2023]
Abstract
Distribution and delivery of Coronavirus 2019 (COVID-19) vaccines have become challenging after their emergence. Today's platforms and systems leveraged for managing data related to COVID-19 vaccines' distribution and delivery fall short in providing transparency, trackability and traceability, immutability, audit, and trust features. Also, they are vulnerable to the single point of failure problem due to centralization. Such limitations hindering the safe, secure, transparent, trustworthy, and reliable distribution and delivery process of COVID-19 vaccines. In this paper, we propose an Ethereum blockchain-based solution for managing data related to COVID-19 vaccines' distribution and delivery. We develop smart contracts to automate the traceability of COVID-19 vaccines while ensuring data provenance, transparency, security, and accountability. We integrate the Ethereum blockchain with off-chain storage to manage non-critical and large-sized data. We present algorithms and discuss their full implementation, testing, and validation details. We evaluate the proposed solution by performing cost and security analysis as well as comparing it with the existing non-blockchain and blockchain-based solutions. Performance evaluation results reveal that the proposed solution is low-cost, and our smart contracts are secure enough against possible attacks and vulnerabilities. The smart contracts code along with testing scripts is made publicly available.
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Said A, Janjua MU, Hassan SU, Muzammal Z, Saleem T, Thaipisutikul T, Tuarob S, Nawaz R. Detailed analysis of Ethereum network on transaction behavior, community structure and link prediction. PeerJ Comput Sci 2021; 7:e815. [PMID: 34977356 PMCID: PMC8670368 DOI: 10.7717/peerj-cs.815] [Citation(s) in RCA: 2] [Impact Index Per Article: 0.7] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 08/25/2021] [Accepted: 11/23/2021] [Indexed: 05/04/2023]
Abstract
Ethereum, the second-largest cryptocurrency after Bitcoin, has attracted wide attention in the last few years and accumulated significant transaction records. However, the underlying Ethereum network structure is still relatively unexplored. Also, very few attempts have been made to perform link predictability on the Ethereum transactions network. This paper presents a Detailed Analysis of the Ethereum Network on Transaction Behavior, Community Structure, and Link Prediction (DANET) framework to investigate various valuable aspects of the Ethereum network. Specifically, we explore the change in wealth distribution and accumulation on Ethereum Featured Transactional Network (EFTN) and further study its community structure. We further hunt for a suitable link predictability model on EFTN by employing state-of-the-art Variational Graph Auto-Encoders. The link prediction experimental results demonstrate the superiority of outstanding prediction accuracy on Ethereum networks. Moreover, the statistic usages of the Ethereum network are visualized and summarized through the experiments allowing us to formulate conjectures on the current use of this technology and future development.
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Dwita Mariana C, Ekaputra IA, Husodo ZA. Are Bitcoin and Ethereum safe-havens for stocks during the COVID-19 pandemic? FINANCE RESEARCH LETTERS 2021; 38:101798. [PMID: 33100925 PMCID: PMC7566681 DOI: 10.1016/j.frl.2020.101798] [Citation(s) in RCA: 46] [Impact Index Per Article: 15.3] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/10/2020] [Revised: 09/28/2020] [Accepted: 10/14/2020] [Indexed: 05/20/2023]
Abstract
Utilizing the WHO COVID-19 pandemic statement, we test Bitcoin and Ethereum as safe-havens for stocks. We find that the two largest cryptocurrencies are suitable as short-term safe-havens. The DCC and cDCC results show that their daily returns tend to correlate with S&P500 return negatively during the pandemic. The regression results also robustly support the safe-haven features and uncover that Ethereum is possibly a better safe-haven than Bitcoin. However, we note that both coins exhibit high volatilities. Before (during) the pandemic daily volatilities of Bitcoin, Ethereum, gold, and the S&P500 are 3.44% (9.11%), 4.34% (10.96%), 0.89% (2.19%), and 1.27% (6.07%), respectively.
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Hasan HR, Salah K, Jayaraman R, Arshad J, Yaqoob I, Omar M, Ellahham S. Blockchain-Based Solution for COVID-19 Digital Medical Passports and Immunity Certificates. IEEE ACCESS : PRACTICAL INNOVATIONS, OPEN SOLUTIONS 2020; 8:222093-222108. [PMID: 34812373 PMCID: PMC8545253 DOI: 10.1109/access.2020.3043350] [Citation(s) in RCA: 13] [Impact Index Per Article: 3.3] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 11/30/2020] [Accepted: 12/05/2020] [Indexed: 05/18/2023]
Abstract
COVID-19 has emerged as a highly contagious disease which has caused a devastating impact across the world with a very large number of infections and deaths. Timely and accurate testing is paramount to an effective response to this pandemic as it helps identify infections and therefore mitigate (isolate/cure) them. In this paper, we investigate this challenge and contribute by presenting a blockchain-based solution that incorporates self-sovereign identity, re-encryption proxies, and decentralized storage, such as the interplanetary file systems (IPFS). Our solution implements digital medical passports (DMP) and immunity certificates for COVID-19 test-takers. We present smart contracts based on the Ethereum blockchain written and tested successfully to maintain a digital medical identity for test-takers that help in a prompt trusted response directly by the relevant medical authorities. We reduce the response time of the medical facilities, alleviate the spread of false information by using immutable trusted blockchain, and curb the spread of the disease through DMP. We present a detailed description of the system design, development, and evaluation (cost and security analysis) for the proposed solution. Since our code leverages the use of the on-chain events, the cost of our design is almost negligible. We have made our smart contract codes publicly available on Github.
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Conlon T, Corbet S, McGee RJ. Are cryptocurrencies a safe haven for equity markets? An international perspective from the COVID-19 pandemic. RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE 2020; 54:101248. [PMID: 34170988 PMCID: PMC7271856 DOI: 10.1016/j.ribaf.2020.101248] [Citation(s) in RCA: 103] [Impact Index Per Article: 25.8] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/11/2020] [Accepted: 05/17/2020] [Indexed: 05/06/2023]
Abstract
The COVID-19 pandemic provided the first widespread bear market conditions since the inception of cryptocurrencies. We test the widely mooted safe haven properties of Bitcoin, Ethereum and Tether from the perspective of international equity index investors. Bitcoin and Ethereum are not a safe haven for the majority of international equity markets examined, with their inclusion adding to portfolio downside risk. Only investors in the Chinese CSI 300 index realized modest downside risk benefits (contingent on very limited allocations to Bitcoin or Ethereum). As Tether successfully maintained its peg to the US dollar during the COVID-19 turmoil, it acted as a safe haven investment for all of the international indices examined. We caveat the latter findings with a warning that Tether's dollar peg has not always been maintained, with evidence of impaired downside risk hedging properties earlier in our sample.
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Zhao B, Huang X. Encrypted monument: The birth of crypto place on the blockchain. GEOFORUM; JOURNAL OF PHYSICAL, HUMAN, AND REGIONAL GEOSCIENCES 2020; 116:149-152. [PMID: 32895579 PMCID: PMC7468535 DOI: 10.1016/j.geoforum.2020.08.011] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.3] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/02/2020] [Revised: 08/17/2020] [Accepted: 08/18/2020] [Indexed: 05/19/2023]
Abstract
In this paper, we coin the term "crypto place" to describe an emerging type of virtual place on the blockchain. Using an encrypted monument that was built to memorialize Dr. Wenliang Li, one of the whistleblowers of China's coronavirus outbreak, we extensively investigate three definitive dimensions of crypto place in terms of decentralized location, immutable locales and transaction-based sense of place. We then reflect upon the complicated social implications of blockchain technology much beyond purely serving as an alternative cryptocurrency, and further examine how place information is stored, disseminated, and incentivized on blockchain. Through this paper, we investigate the relevance of blockchain to geography studies and discuss how it may enrich the concept of place in today's data-intensive and decentralized world.
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Marbouh D, Abbasi T, Maasmi F, Omar IA, Debe MS, Salah K, Jayaraman R, Ellahham S. Blockchain for COVID-19: Review, Opportunities, and a Trusted Tracking System. ARABIAN JOURNAL FOR SCIENCE AND ENGINEERING 2020; 45:9895-9911. [PMID: 33072472 PMCID: PMC7549424 DOI: 10.1007/s13369-020-04950-4] [Citation(s) in RCA: 40] [Impact Index Per Article: 10.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 06/12/2020] [Accepted: 09/17/2020] [Indexed: 11/05/2022]
Abstract
The sudden development of the COVID-19 pandemic has exposed the limitations in modern healthcare systems to handle public health emergencies. It is evident that adopting innovative technologies such as blockchain can help in effective planning operations and resource deployments. Blockchain technology can play an important role in the healthcare sector, such as improved clinical trial data management by reducing delays in regulatory approvals, and streamline the communication between diverse stakeholders of the supply chain, etc. Moreover, the spread of misinformation has intensely increased during the outbreak, and existing platforms lack the ability to validate the authenticity of data, leading to public panic and irrational behavior. Thus, developing a blockchain-based tracking system is important to ensure that the information received by the public and government agencies is reliable and trustworthy. In this paper, we review various blockchain applications and opportunities in combating the COVID-19 pandemic and develop a tracking system for the COVID-19 data collected from various external sources. We propose, implement, and evaluate a blockchain-based system using Ethereum smart contracts and oracles to track reported data related to the number of new cases, deaths, and recovered cases obtained from trusted sources. We present detailed algorithms that capture the interactions between stakeholders in the network. We present security analysis and the cost incurred by the stakeholders, and we highlight the challenges and future directions of our work. Our work demonstrates that the proposed solution is economically feasible and ensures data integrity, security, transparency, data traceability among stakeholders.
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Omar IA, Jayaraman R, Salah K, Simsekler MCE, Yaqoob I, Ellahham S. Ensuring protocol compliance and data transparency in clinical trials using Blockchain smart contracts. BMC Med Res Methodol 2020; 20:224. [PMID: 32894068 PMCID: PMC7487835 DOI: 10.1186/s12874-020-01109-5] [Citation(s) in RCA: 14] [Impact Index Per Article: 3.5] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 04/19/2020] [Accepted: 08/30/2020] [Indexed: 12/02/2022] Open
Abstract
Background Clinical Trials (CTs) help in testing and validating the safety and efficacy of newly discovered drugs on specific patient population cohorts. However, these trials usually experience many challenges, such as extensive time frames, high financial cost, regulatory and administrative barriers, and insufficient workforce. In addition, CTs face several data management challenges pertaining to protocol compliance, patient enrollment, transparency, traceability, data integrity, and selective reporting. Blockchain can potentially address such challenges because of its intrinsic features and properties. Although existing literature broadly discusses the applicability of blockchain-based solutions for CTs, only a few studies present their working proof-of-concept. Methods We propose a blockchain-based framework for CT data management, using Ethereum smart contracts, which employs IPFS as the file storage system to automate processes and information exchange among CT stakeholders. CT documents stored in the IPFS are difficult to tamper with as they are given unique cryptographic hashes. We present algorithms that capture various stages of CT data management. We develop the Ethereum smart contract using Remix IDE that is validated under different scenarios. Results The proposed framework results are advantageous to all stakeholders ensuring transparency, data integrity, and protocol compliance. Although the proposed solution is tested on the Ethereum blockchain platform, it can be deployed in private blockchain networks using their native smart contract technologies. We make our smart contract code publicly available on Github. Conclusions We conclude that the proposed framework can be highly effective in ensuring that the trial abides by the protocol and the functions are executed only by the stakeholders who are given permission. It also assures data integrity and promotes transparency and traceability of information among stakeholders.
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Gürsoy G, Brannon CM, Gerstein M. Using Ethereum blockchain to store and query pharmacogenomics data via smart contracts. BMC Med Genomics 2020; 13:74. [PMID: 32487214 PMCID: PMC7268467 DOI: 10.1186/s12920-020-00732-x] [Citation(s) in RCA: 15] [Impact Index Per Article: 3.8] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 11/26/2019] [Accepted: 05/25/2020] [Indexed: 11/10/2022] Open
Abstract
Background As pharmacogenomics data becomes increasingly integral to clinical treatment decisions, appropriate data storage and sharing protocols need to be adopted. One promising option for secure, high-integrity storage and sharing is Ethereum smart contracts. Ethereum is a blockchain platform, and smart contracts are immutable pieces of code running on virtual machines in this platform that can be invoked by a user or another contract (in the blockchain network). The 2019 iDASH (Integrating Data for Analysis, Anonymization, and Sharing) competition for Secure Genome Analysis challenged participants to develop time- and space-efficient Ethereum smart contracts for gene-drug relationship data. Methods Here we design a specific smart contract to store and query gene-drug interactions in Ethereum using an index-based, multi-mapping approach. Our contract stores each pharmacogenomics observation, a gene-variant-drug triplet with outcome, in a mapping searchable by a unique identifier, allowing for time and space efficient storage and query. This solution ranked in the top three at the 2019 IDASH competition. We further improve our ”challenge solution” and develop an alternate ”fastQuery” smart contract, which combines together identical gene-variant-drug combinations into a single storage entry, leading to significantly better scalability and query efficiency. Results On a private, proof-of-authority network, both our challenge and fastQuery solutions exhibit approximately linear memory and time usage for inserting into and querying small databases (<1,000 entries). For larger databases (1000 to 10,000 entries), fastQuery maintains this scaling. Furthermore, both solutions can query by a single field (”0-AND”) or a combination of fields (”1- or 2-AND”). Specifically, the challenge solution can complete a 2-AND query from a small database (100 entries) in 35ms using 0.1 MB of memory. For the same query, fastQuery has a 2-fold improvement in time and a 10-fold improvement in memory. Conclusion We show that pharmacogenomics data can be stored and queried efficiently using Ethereum blockchain. Our solutions could potentially be used to store a range of clinical data and extended to other fields requiring high-integrity data storage and efficient access.
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Securing MQTT by Blockchain-Based OTP Authentication. SENSORS 2020; 20:s20072002. [PMID: 32260049 PMCID: PMC7180730 DOI: 10.3390/s20072002] [Citation(s) in RCA: 12] [Impact Index Per Article: 3.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 02/15/2020] [Revised: 03/24/2020] [Accepted: 04/01/2020] [Indexed: 11/24/2022]
Abstract
The Internet of Things is constantly capturing interest from modern applications, changing our everyday life and empowering industrial applications. Interaction and the collaboration among smart devices offer new challenges to security since they conflict with economic and energy consumption requirement constraints. On the other hand, the lack of security measures could negatively impact the concrete adoption of this paradigm. This paper focuses on the Message Queuing Telemetry Transport (MQTT) protocol, widely adopted in the Internet of Things. This protocol does not implement natively secure authentication mechanisms, which are demanded to developers. Hence, this paper proposes a novel OTP (one-time password)-authentication schema for MQTT, which uses the Ethereum blockchain to implement a second-factor out-of-band channel. The proposal enables the authentication of both local and remote devices preserving user privacy and guaranteeing trust and accountability via Ethereum smart contracts.
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An Analysis of Smart Contracts Security Threats Alongside Existing Solutions. ENTROPY 2020; 22:e22020203. [PMID: 33285978 PMCID: PMC7516633 DOI: 10.3390/e22020203] [Citation(s) in RCA: 9] [Impact Index Per Article: 2.3] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 12/04/2019] [Revised: 01/18/2020] [Accepted: 02/05/2020] [Indexed: 11/16/2022]
Abstract
Smart contracts have gained a lot of popularity in recent times as they are a very powerful tool for the development of decentralised and automatic applications in many fields without the need for intermediaries or trusted third parties. However, due to the decentralised nature of the blockchain on which they are based, a series of challenges have emerged related to vulnerabilities in their programming that, given their particularities, could have (and have already had) a very high economic impact. This article provides a holistic view of security challenges associated with smart contracts, as well as the state of the art of available public domain tools.
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