6,562 research outputs found
The Evolution of Embedding Metadata in Blockchain Transactions
The use of blockchains is growing every day, and their utility has greatly
expanded from sending and receiving crypto-coins to smart-contracts and
decentralized autonomous organizations. Modern blockchains underpin a variety
of applications: from designing a global identity to improving satellite
connectivity. In our research we look at the ability of blockchains to store
metadata in an increasing volume of transactions and with evolving focus of
utilization. We further show that basic approaches to improving blockchain
privacy also rely on embedding metadata. This paper identifies and classifies
real-life blockchain transactions embedding metadata of a number of major
protocols running essentially over the bitcoin blockchain. The empirical
analysis here presents the evolution of metadata utilization in the recent
years, and the discussion suggests steps towards preventing criminal use.
Metadata are relevant to any blockchain, and our analysis considers primarily
bitcoin as a case study. The paper concludes that simultaneously with both
expanding legitimate utilization of embedded metadata and expanding blockchain
functionality, the applied research on improving anonymity and security must
also attempt to protect against blockchain abuse.Comment: 9 pages, 6 figures, 1 table, 2018 International Joint Conference on
Neural Network
The political imaginaries of blockchain projects: discerning the expressions of an emerging ecosystem
There is a wealth of information, hype around, and research into blockchain’s ‘disruptive’ and ‘transformative’ potential concerning every industry. However, there is an absence of scholarly attention given to identifying and analyzing the political premises and consequences of blockchain projects. Through digital ethnography and participatory action research, this article shows how blockchain experiments personify ‘prefigurative politics’ by design: they embody the politics and power structures which they want to enable in society. By showing how these prefigurative embodiments are informed and determined by the underlying political imaginaries, the article proposes a basic typology of blockchain projects. Furthermore, it outlines a frame to question, cluster, and analyze the expressions of political imaginaries intrinsic to the design and operationalization of blockchain projects on three analytic levels: users, intermediaries, and institutions.</p
An empirical analysis of smart contracts: platforms, applications, and design patterns
Smart contracts are computer programs that can be consistently executed by a
network of mutually distrusting nodes, without the arbitration of a trusted
authority. Because of their resilience to tampering, smart contracts are
appealing in many scenarios, especially in those which require transfers of
money to respect certain agreed rules (like in financial services and in
games). Over the last few years many platforms for smart contracts have been
proposed, and some of them have been actually implemented and used. We study
how the notion of smart contract is interpreted in some of these platforms.
Focussing on the two most widespread ones, Bitcoin and Ethereum, we quantify
the usage of smart contracts in relation to their application domain. We also
analyse the most common programming patterns in Ethereum, where the source code
of smart contracts is available.Comment: WTSC 201
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