The enterprise blockchain design framework and its application to an e-Procurement ecosystem

The research work of this paper has been partially funded by the project VORTAL INTER DATA (n° 038361), co-financed by Vortal and COMPETE Program P2020. We would also like to thank UNIDEMI, DEMI, and LASI for providing us with the research infrastucture and resources to conduct this research. Publisher Copyright: © 2022 Elsevier LtdBlockchain technologies have seen a steady growth in interest from industries as the technology is gaining maturity. It is offering a novel way to establish trust amongst multiple stakeholders without relying or trusting centralised authorities. While its use as a decentralised store of value has been validated through the emergence of cryptocurrencies, its use case in industrial applications with multiple stakeholder ecosystems such as industrial supply chain management, is still at an early stage of design and experimentation where private blockchains are used as opposed to public blockchains. Many enterprise blockchain projects failed to gain traction after initial launches, due to inefficient design, lack of incentives to all stakeholders or simply because the use of blockchain was not really necessary in the first place. There has been a need for a framework that allows blockchain designers and researchers to evaluate scenarios when a blockchain solution is useful and design the key configurations for an enterprise blockchain solution. Literature on blockchain architectures are sparse and only applicable to specific use cases or functionalities. This paper proposes a comprehensive Enterprise Blockchain Design Framework (EBDF), that not only identifies the relevant use cases when a blockchain must be utilised, but also details all the characteristics and configurations for designing an enterprise blockchain ecosystem, applicable to multiple industries. To validate the EBDF, we apply the same to the Vortal e-Procurement ecosystem allowing for multiple platforms to interoperate with greater transparency and accountability over the proposed blockchain framework. In this use case, many vendors bid for procurement procedures, often for publicly managed funds where it is extremely vital that full transparency and accountability is ensured in the entire process. Ensuring that certain digital certification functions, such as timestamps are independent from e-Procurement platform owners has been a challenge. Blockchain technology has emerged as a promising solution for not only ensuring transparency and immutability of records, but also providing for interoperability across different platforms by acting as a trusted third-party. The applied framework is used to design a Hyperledger based blockchain solution with some of the key architectural elements that could fulfil these needs while presenting the advantages of such a solution.publishersversionpublishe

Investigating the Decentralized Governance of Distributed Ledger Infrastructure Implementation in Extended Enterprises

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Enhancing blockchain interoperability and intraoperability capabilities in collaborative enterprise-a standardized architecture perspective

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Secure Information Sharing with Distributed Ledgers

In 2009, blockchain technology was first introduced as the supporting database technology for digital currencies. Since then, more advanced derivations of the technology have been developed under the broader term Distributed Ledgers, with improved scalability and support for general-purpose application logic. As a distributed database, they are able to support interorganizational information sharing while assuring desirable information security attributes like non-repudiation, auditability and transparency. Based on these characteristics, researchers and practitioners alike have begun to identify a plethora of disruptive use cases for Distributed Ledgers in existing application domains. While these use cases are promising significant efficiency improvements and cost reductions, practical adoption has been slow in the past years. This dissertation focuses on improving three aspects contributing to slow adoption. First, it attempts to identify application areas and substantiated use cases where Distributed Ledgers can considerably advance the security of information sharing. Second, it considers the security aspects of the technology itself, identifying threats to practical applications and detection approaches for these threats. And third, it investigates success factors for successful interorganizational collaborations using Distributed Ledgers

A review of Smart Contract Blockchain Based on Multi-Criteria Analysis: Challenges and Motivations

A smart contract is a digital program of transaction protocol (rules of contract) based on the consensus architecture of blockchain. Smart contracts with Blockchain are modern technologies that have gained enormous attention in scientific and practical applications. A smart contract is the central aspect of a blockchain that facilitates blockchain as a platform outside the cryptocurrency spectrum. The development of blockchain technology, with a focus on smart contracts, has advanced significantly in recent years. However research on the smart contract idea has weaknesses in the implementation sectors based on a decentralized network that shares an identical state. This paper extensively reviews smart contracts based on multi criteria analysis challenges and motivations. Therefore, implementing blockchain in multi-criteria research is required to increase the efficiency of interaction between users via supporting information exchange with high trust. Implementing blockchain in the multi-criteria analysis is necessary to increase the efficiency of interaction between users via supporting information exchange and with high confidence, detecting malfunctioning, helping users with performance issues, reaching a consensus, deploying distributed solutions and allocating plans, tasks and joint missions. The smart contract with decision-making performance, planning and execution improves the implementation based on efficiency, sustainability and management. Furthermore the uncertainty and supply chain performance lead to improved users confidence in offering new solutions in exchange for problems in smart contacts. Evaluation includes code analysis and performance while development performance can be under development.Comment: Revie

Distributed Ledger Technologies for Network Slicing: A Survey

Network slicing is one of the fundamental tenets of Fifth Generation (5G)/Sixth Generation (6G) networks. Deploying slices requires end-to-end (E2E) control of services and the underlying resources in a network substrate featuring an increasing number of stakeholders. Beyond the technical difficulties this entails, there is a long list of administrative negotiations among parties that do not necessarily trust each other, which often requires costly manual processes, including the legal construction of neutral entities. In this context, Blockchain comes to the rescue by bringing its decentralized yet immutable and auditable lemdger, which has a high potential in the telco arena. In this sense, it may help to automate some of the above costly processes. There have been some proposals in this direction that are applied to various problems among different stakeholders. This paper aims at structuring this field of knowledge by, first, providing introductions to network slicing and blockchain technologies. Then, state-of-the-art is presented through a global architecture that aggregates the various proposals into a coherent whole while showing the motivation behind applying Blockchain and smart contracts to network slicing. And finally, some limitations of current work, future challenges and research directions are also presented.This work was supported in part by the Spanish Formación Personal Investigador (FPI) under Grant PRE2018-086061, in part by the TRUE5G under Grant PID2019-108713RB-C52/AEI/10.13039/501100011033, and in part by the European Union (EU) H2020 The 5G Infrastructure Public Private Partnership (5GPPP) 5Growth Project 856709.Publicad

Comparative analysis of permissioned blockchain frameworks for industrial applications

Blockchain is a technology that creates trust among non-trusting parties, without relying on any intermediary. Consequently, it has attracted the interest of companies operating in a multitude of sectors. However, due to the number of different blockchain solutions that have emerged in the last few years and their rapid changes, it is challenging for such companies to orient their technological decisions. This paper presents a comparative analysis of the key dimensions—namely, governance, maturity, support, latency, privacy, interoperability, flexibility, efficiency, resiliency, and scalability—of some of the most-used permissioned blockchain platforms. Moreover, we present the results of a performance evaluation considering the following frameworks: Hyperledger Fabric 2.2, Hyperledger Sawtooth 1.2, and ConsenSys Quorum 21.1 (with both the GoQuorum client and the Hyperledger Besu client). The platforms were tested under similar conditions, and official releases were used, such that our findings provide a reference for companies establishing their technological orientation

Blockchain Value Creation Logics and Financial Returns

With its complexities and portfolio-nature, the advent of blockchain technology presents several use cases to stakeholders for business value appropriation and financial gains. This 3-essay dissertation focuses on three exemplars and research approaches to understanding the value creation logics of blockchain technology for financial gains. The first essay is a conceptual piece that explores five main affordances of blockchain technology and how these can be actualized and assimilated for business value. Based on the analysis of literature findings, an Affordance-Experimentation-Actualization-Assimilation (AEAA) model is proposed. The model suggests five affordance-to-assimilation value chains and eight value interdependencies that firms can leverage to optimize their value creation and capture during blockchain technology implementation. The second essay empirically examines the financial returns of public firms\u27 blockchain adoption investments at the level of the three main blockchain archetypes (private-permissioned, public-permissioned and permissionless. Drawing upon Fichman\u27s model of the option value of innovative IT platform investments, the study examines business value creation through firm blockchain strategy (i.e., archetype instances, decentralization, and complementarity), learning (i.e., blockchain patents and event participation), and bandwagon effects using quarterly data of firm archetype investments from 2015 to 2020. The study\u27s propensity score matching utilization and fixed-effects modeling provide objective quantification of how blockchain adoption leads to increases in firm value (performance measured by Tobin\u27s q) at the archetype level (permissionless, public permissioned, and private permissioned). Surprisingly, a more decentralized archetype and a second different archetype implementation are associated with a lower Tobin\u27s q. In addition, IT-option proxy parameters such as blockchain patent originality, participation in blockchain events, and network externality positively impact firm performance, whereas the effect of blockchain patents is negative. As the foremost and more established use case of blockchain technology whose business value is accessed in either of the five affordances and exemplifies a permissionless archetype for financial gains, bitcoin cryptocurrency behavior is studied through the lens of opinion leaders on Twitter. The third essay this relationship understands the hourly price returns and volatility shocks that sentiments from opinion leaders generate and vice-versa. With a dynamic opinion leader identification strategy, lexicon and rule-based sentiment analytics, I extract sentiments of the top ten per cent bitcoin opinion leaders\u27 tweets. Controlling for various economic indices and contextual factors, the study estimates a vector autoregression model (VAR) and finds that finds that Bitcoin return granger cause Polarity but the influence of sentiment subjectivity is marginal and only stronger on bitcoin price volatility. Several key implications for blockchain practitioners and financial stakeholders and suggestions for future research are discussed