5,819 research outputs found
Review of Peer-to-Peer (P2P) Lending Based on Blockchain
Peer-to-Peer (P2P) lending is a financing business model that has gained popularity in recent years due to the ease of loan application, disbursement, and repayment processes. The volume of Peer-to-Peer (P2P) Lending transactions have a significant growth. One of the reasons for the popularity of Peer-to-Peer (P2P) lending is its utilization of technology in both the application and loan repayment processes. One such technology gaining traction in Peer-to-Peer (P2P) lending is blockchain technology. The popularity of blockchain technology lies in its ability to enhance the transparency of the transaction process. This literature study aims to address three main questions: What are the characteristics of blockchain suitable for Peer-to-Peer (P2P) lending , the benefits of implementing blockchain technology in Peer-to-Peer (P2P) lending and the challenges of Peer-to-Peer (P2P) lending based on blockchain. The findings reveal that there are characteristics of blockchain that can be applied to Peer-to-Peer (P2P) lending, bringing numerous benefits to the overall Peer-to-Peer (P2P) lending process. However, challenges persist in the implementation of blockchain technology in Peer-to-Peer (P2P) lending. The insights gained from this literature review are intended to guide researchers interested in studying the application of blockchain technology in the context of Peer-to-Peer (P2P) lending
Configuration Management of Distributed Systems over Unreliable and Hostile Networks
Economic incentives of large criminal profits and the threat of legal consequences have pushed criminals to continuously improve their malware, especially command and control channels. This thesis applied concepts from successful malware command and control to explore the survivability and resilience of benign configuration management systems.
This work expands on existing stage models of malware life cycle to contribute a new model for identifying malware concepts applicable to benign configuration management. The Hidden Master architecture is a contribution to master-agent network communication. In the Hidden Master architecture, communication between master and agent is asynchronous and can operate trough intermediate nodes. This protects the master secret key, which gives full control of all computers participating in configuration management. Multiple improvements to idempotent configuration were proposed, including the definition of the minimal base resource dependency model, simplified resource revalidation and the use of imperative general purpose language for defining idempotent configuration.
Following the constructive research approach, the improvements to configuration management were designed into two prototypes. This allowed validation in laboratory testing, in two case studies and in expert interviews. In laboratory testing, the Hidden Master prototype was more resilient than leading configuration management tools in high load and low memory conditions, and against packet loss and corruption. Only the research prototype was adaptable to a network without stable topology due to the asynchronous nature of the Hidden Master architecture.
The main case study used the research prototype in a complex environment to deploy a multi-room, authenticated audiovisual system for a client of an organization deploying the configuration. The case studies indicated that imperative general purpose language can be used for idempotent configuration in real life, for defining new configurations in unexpected situations using the base resources, and abstracting those using standard language features; and that such a system seems easy to learn.
Potential business benefits were identified and evaluated using individual semistructured expert interviews. Respondents agreed that the models and the Hidden Master architecture could reduce costs and risks, improve developer productivity and allow faster time-to-market. Protection of master secret keys and the reduced need for incident response were seen as key drivers for improved security. Low-cost geographic scaling and leveraging file serving capabilities of commodity servers were seen to improve scaling and resiliency. Respondents identified jurisdictional legal limitations to encryption and requirements for cloud operator auditing as factors potentially limiting the full use of some concepts
Distributed Ledger Technology (DLT) Applications in Payment, Clearing, and Settlement Systems:A Study of Blockchain-Based Payment Barriers and Potential Solutions, and DLT Application in Central Bank Payment System Functions
Payment, clearing, and settlement systems are essential components of the financial markets and exert considerable influence on the overall economy. While there have been considerable technological advancements in payment systems, the conventional systems still depend on centralized architecture, with inherent limitations and risks. The emergence of Distributed ledger technology (DLT) is being regarded as a potential solution to transform payment and settlement processes and address certain challenges posed by the centralized architecture of traditional payment systems (Bank for International Settlements, 2017). While proof-of-concept projects have demonstrated the technical feasibility of DLT, significant barriers still hinder its adoption and implementation. The overarching objective of this thesis is to contribute to the developing area of DLT application in payment, clearing and settlement systems, which is still in its initial stages of applications development and lacks a substantial body of scholarly literature and empirical research. This is achieved by identifying the socio-technical barriers to adoption and diffusion of blockchain-based payment systems and the solutions proposed to address them. Furthermore, the thesis examines and classifies various applications of DLT in central bank payment system functions, offering valuable insights into the motivations, DLT platforms used, and consensus algorithms for applicable use cases. To achieve these objectives, the methodology employed involved a systematic literature review (SLR) of academic literature on blockchain-based payment systems. Furthermore, we utilized a thematic analysis approach to examine data collected from various sources regarding the use of DLT applications in central bank payment system functions, such as central bank white papers, industry reports, and policy documents. The study's findings on blockchain-based payment systems barriers and proposed solutions; challenge the prevailing emphasis on technological and regulatory barriers in the literature and industry discourse regarding the adoption and implementation of blockchain-based payment systems. It highlights the importance of considering the broader socio-technical context and identifying barriers across all five dimensions of the social technical framework, including technological, infrastructural, user practices/market, regulatory, and cultural dimensions. Furthermore, the research identified seven DLT applications in central bank payment system functions. These are grouped into three overarching themes: central banks' operational responsibilities in payment and settlement systems, issuance of central bank digital money, and regulatory oversight/supervisory functions, along with other ancillary functions. Each of these applications has unique motivations or value proposition, which is the underlying reason for utilizing in that particular use case
Assessing the Role and Regulatory Impact of Digital Assets in Decentralizing Finance
This project will explore the development of decentralized financial (DeFi) markets since the first introduction of digital assets created through the application of a form of distributed ledger technology (DLT), known as blockchain, in 2008. More specifically, a qualitative inquiry of the role of digital assets in relation to traditional financial markets infrastructure will be conducted in order to answer the following questions:
(i) can the digital asset and decentralized financial markets examined in this thesis co-exist with traditional assets and financial markets, and, if so,
(ii) are traditional or novel forms of regulation (whether financial or otherwise) needed or desirable for the digital asset and decentralized financial markets examined herein?
The aim of this project will be to challenge a preliminary hypothesis that traditional and decentralized finance can be compatible; provided, that governments and other centralized authorities approach market innovations as an opportunity to improve existing monetary infrastructure and delivery of financial services (both in the public and private sector), rather than as an existential threat. Thus, this thesis seeks to establish that, through collaborating with private markets to identify the public good to which DeFi markets contribute, the public sector can foster an appropriate environment which is both promotive and protective of the public interest without unduly stifling innovation and progress
Multidisciplinary perspectives on Artificial Intelligence and the law
This open access book presents an interdisciplinary, multi-authored, edited collection of chapters on Artificial Intelligence (‘AI’) and the Law. AI technology has come to play a central role in the modern data economy. Through a combination of increased computing power, the growing availability of data and the advancement of algorithms, AI has now become an umbrella term for some of the most transformational technological breakthroughs of this age. The importance of AI stems from both the opportunities that it offers and the challenges that it entails. While AI applications hold the promise of economic growth and efficiency gains, they also create significant risks and uncertainty. The potential and perils of AI have thus come to dominate modern discussions of technology and ethics – and although AI was initially allowed to largely develop without guidelines or rules, few would deny that the law is set to play a fundamental role in shaping the future of AI. As the debate over AI is far from over, the need for rigorous analysis has never been greater. This book thus brings together contributors from different fields and backgrounds to explore how the law might provide answers to some of the most pressing questions raised by AI. An outcome of the Católica Research Centre for the Future of Law and its interdisciplinary working group on Law and Artificial Intelligence, it includes contributions by leading scholars in the fields of technology, ethics and the law.info:eu-repo/semantics/publishedVersio
iBUST: An intelligent behavioural trust model for securing industrial cyber-physical systems
To meet the demand of the world's largest population, smart manufacturing has accelerated the adoption of smart factories—where autonomous and cooperative instruments across all levels of production and logistics networks are integrated through a Cyber-Physical Production System (CPPS). However, these networks are comprised of various heterogeneous devices with varying computational power and memory capabilities. As a result, many secure communication protocols – that demand considerably high computational power and memory – can not be verbatim employed on these networks, and thereby, leaving them more vulnerable to security threats and attacks over conventional networks. These threats can largely be tackled by employing a Trust Management Model (TMM) by exploiting the behavioural patterns of nodes to identify their trust class. In this context, ML-based models are best suited due to their ability to capture hidden patterns in data, learning and improving the pattern detection accuracy over time to counteract and tackle threats of a dynamic nature, which is absent in most of the conventional models. However, among the existing ML-based solutions in detecting attack patterns, many of them are computationally expensive, require a long training time, and a considerably large amount of training data—which are seldom available. An aid to this is the association rule learning (ARL) paradigm, whose models are computationally inexpensive and do not require a long training time. Therefore, this paper proposes an ARL-based intelligent Behavioural Trust Model (iBUST) for securing the CPPS. For this intelligent TMM, a variant of Frequency Pattern Growth (FP-Growth), called enhanced FP-Growth (EFP-Growth) algorithm is developed by altering the internal data structures for faster execution and by developing a modified exponential decay function (MEDF) to automatically calculate minimum supports for adapting trust evolution characteristics. In addition, a new optimisation model for finding optimum parameter values in the MEDF and an algorithm for transmuting a 1D quantitative feature into a respective categorical feature are developed to facilitate the model. Afterwards, the trust class of an object is identified employing the Naïve Bayes classifier. This proposed model is evaluated on a trust evolution-supported experimental environment along with other compared models taking a benchmark dataset into consideration, where it outperforms its counterparts
Modern computing: Vision and challenges
Over the past six decades, the computing systems field has experienced significant transformations, profoundly impacting society with transformational developments, such as the Internet and the commodification of computing. Underpinned by technological advancements, computer systems, far from being static, have been continuously evolving and adapting to cover multifaceted societal niches. This has led to new paradigms such as cloud, fog, edge computing, and the Internet of Things (IoT), which offer fresh economic and creative opportunities. Nevertheless, this rapid change poses complex research challenges, especially in maximizing potential and enhancing functionality. As such, to maintain an economical level of performance that meets ever-tighter requirements, one must understand the drivers of new model emergence and expansion, and how contemporary challenges differ from past ones. To that end, this article investigates and assesses the factors influencing the evolution of computing systems, covering established systems and architectures as well as newer developments, such as serverless computing, quantum computing, and on-device AI on edge devices. Trends emerge when one traces technological trajectory, which includes the rapid obsolescence of frameworks due to business and technical constraints, a move towards specialized systems and models, and varying approaches to centralized and decentralized control. This comprehensive review of modern computing systems looks ahead to the future of research in the field, highlighting key challenges and emerging trends, and underscoring their importance in cost-effectively driving technological progress
UMSL Bulletin 2022-2023
The 2022-2023 Bulletin and Course Catalog for the University of Missouri St. Louis.https://irl.umsl.edu/bulletin/1087/thumbnail.jp
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