Internet of Things, blockchain and shared economy applications

This paper explores how the Internet of Things and blockchain technology can benefit shared economy applications. The focus of this research is understanding how blockchain can be exploited to create decentralised, shared economy applications that allow people to monetise, securely, their things to create more wealth. Shared economy applications such as Airbnb and Uber are well-known applications, but there are many other opportunities to share in the digital economy. With the recent interest in the Internet of Things and blockchain, the opportunity exists to create a myriad of sharing applications, e.g. peer-to-peer automatic payment mechanisms, foreign exchange platforms, digital rights management and cultural heritage to name but a few. While many types of shared economy scenarios are proliferating, few of them, so far, leverage the Internet of Things and blockchain as technologies to build distributed applications. This paper discusses how we might make use of the Internet of Things and blockchains to create secure shared economy distributed applications. Presented are examples of such distributed applications in the context of an Internet of Things architecture using blockchain technology

Exploring blockchain technologies with an innovative multi-layered ontology design tool and eMudra – a novel peer to peer currency exchange application

Recent years have witnessed significant interest in shared economy applications and consequently a proliferation of such applications have emerged where people are monetizing their things. This thesis focuses on solving the problem of leftover foreign currency exchange as a shared economy application. Existing shared economy applications such as Ola, Uber or Airbnb are not deployed as decentralized applications (Dapps) leveraging blockchain and the Internet of Things (IoT), which are relatively recent technologies leading to more efficient applications that do not require the intervention of trusted third parties. Blockchain technology can be merged with IoT infrastructure to provide an immutable ledger of all the transactions related to shared economy applications; an immutable ledger is critical to the elimination of trusted third parties, making the system trustless. When blockchain and IoT are combined they can give rise to a plethora of useful shared economy applications — automatic payment mechanisms, digital rights management are some instances and in the case of this thesis a unique solution for the leftover foreign currency exchange problem. This thesis demonstrates the implementation of a novel permissioned consortium blockchain-based leftover foreign currency exchange platform that has been designed using a multi-layered blockchain ontology created with an innovative ontology design tool. The leftover foreign currency exchange problem arises because every year millions of travellers undertake international tours and need to perform currency exchange. However, there is a deficit of suitable currency exchange applications that would help travellers exchange money profitably and conveniently, especially small amounts of cash. This thesis proposes a novel peer to peer currency exchange application – e-Mudra, exploiting blockchain technology that would allow users to choose or quote their preferred exchange rates and exchange currencies including cash money with peer travellers without any middleman deciding the rates. The research work described focuses on an in-depth study of blockchain technology and a new multi-layered blockchain ontology is created with an innovative ontology design tool that facilitates generation of simple and complex ontologies enabling the design of blockchain (and other) applications using these ontologies. The novel ontology design tool created in this research work following a new Ontology Development Life Cycle and an ontology design methodology was used to design a blockchain ontology and a wallet ontology as examples of use, where the currency exchange application design (e-Mudra) is an instance of the blockchain ontology

Internet of robotic things : converging sensing/actuating, hypoconnectivity, artificial intelligence and IoT Platforms

The Internet of Things (IoT) concept is evolving rapidly and influencing newdevelopments in various application domains, such as the Internet of MobileThings (IoMT), Autonomous Internet of Things (A-IoT), Autonomous Systemof Things (ASoT), Internet of Autonomous Things (IoAT), Internetof Things Clouds (IoT-C) and the Internet of Robotic Things (IoRT) etc.that are progressing/advancing by using IoT technology. The IoT influencerepresents new development and deployment challenges in different areassuch as seamless platform integration, context based cognitive network integration,new mobile sensor/actuator network paradigms, things identification(addressing, naming in IoT) and dynamic things discoverability and manyothers. The IoRT represents new convergence challenges and their need to be addressed, in one side the programmability and the communication ofmultiple heterogeneous mobile/autonomous/robotic things for cooperating,their coordination, configuration, exchange of information, security, safetyand protection. Developments in IoT heterogeneous parallel processing/communication and dynamic systems based on parallelism and concurrencyrequire new ideas for integrating the intelligent “devices”, collaborativerobots (COBOTS), into IoT applications. Dynamic maintainability, selfhealing,self-repair of resources, changing resource state, (re-) configurationand context based IoT systems for service implementation and integrationwith IoT network service composition are of paramount importance whennew “cognitive devices” are becoming active participants in IoT applications.This chapter aims to be an overview of the IoRT concept, technologies,architectures and applications and to provide a comprehensive coverage offuture challenges, developments and applications

Blockchain, Leadership And Management: Business AS Usual Or Radical Disruption?

The Internet provided the world with interconnection. However, it did not provide it with trust. Trust is lacking everywhere in our society and is the reason for the existence of powerful intermediaries aggregating power. Trust is what prevents the digital world to take over. This has consequences for organisations: they are inefficient because time, energy, money and passion are wasted on verifying everything happens as decided. Managers play the role of intermediaries in such case: they connect experts with each others and instruct them of what to do. As a result, in our expert society, people's engagement is low because no one is there to inspire and empower them. In other words, our society faces an unprecedented lack of leadership. Provided all those shortcomings, the study imagines the potential repercussions, especially in the context of management, of implementing a blockchain infrastructure in any type of organisation. Indeed, the blockchain technology seems to be able to remedy to those issues, for this distributed and immutable ledger provides security, decentralisation and transparency. In the context of a blockchain economy, the findings show that value creation will be rearranged, with experts directly collaborating with each others, and hierarchy being eliminated. This could, in turn, render managers obsolete, as a blockchain infrastructure will automate most of the tasks. As a result, only a strong, action-oriented, leadership would maintain the organisation together. This leadership-in-action would consist in igniting people to take action; coach members of the organisations so that their contribution makes sense in the greater context of life

Sustainable Development Report: Blockchain, the Web3 & the SDGs

This is an output paper of the applied research that was conducted between July 2018 - October 2019 funded by the Austrian Development Agency (ADA) and conducted by the Research Institute for Cryptoeconomics at the Vienna University of Economics and Business and RCE Vienna (Regional Centre of Expertise on Education for Sustainable Development).Series: Working Paper Series / Institute for Cryptoeconomics / Interdisciplinary Researc

Sustainable Development Report: Blockchain, the Web3 & the SDGs

This is an output paper of the applied research that was conducted between July 2018 - October 2019 funded by the Austrian Development Agency (ADA) and conducted by the Research Institute for Cryptoeconomics at the Vienna University of Economics and Business and RCE Vienna (Regional Centre of Expertise on Education for Sustainable Development).Series: Working Paper Series / Institute for Cryptoeconomics / Interdisciplinary Researc

Blockchain Solutions for Multi-Agent Robotic Systems: Related Work and Open Questions

The possibilities of decentralization and immutability make blockchain probably one of the most breakthrough and promising technological innovations in recent years. This paper presents an overview, analysis, and classification of possible blockchain solutions for practical tasks facing multi-agent robotic systems. The paper discusses blockchain-based applications that demonstrate how distributed ledger can be used to extend the existing number of research platforms and libraries for multi-agent robotic systems.Comment: 5 pages, FRUCT-2019 conference pape