Trusted, Decentralized and Blockchain-Based M2M Application Service Provision

Decentralized M2M service platforms enable the integration of end-user-based M2M applications and end-user-located M2M resources without the use of central entities or components in the system architecture. Sharing end-user-based M2M applications with other users’ part of an M2M community allows the creation of new and complex M2M applications. However, a fully decentralized system often leads to several trust issues regarding the behavior of end-users and M2M applications. A powerful measure to overcome possible limitations of decentralized M2M service platforms and to replace the missing control authority are trust relationships among the nodes. Therefore, this publication proposes a novel concept for trusted M2M application service provision. Moreover, it introduces the integration of blockchain elements and trust evaluation techniques to optimize the M2M application service provision. A trust consensus protocol is integrated in order to secure the decision-making process among the stakeholders which optimizes several aspects, such as peer joining, service registration and application configuration

The Machine-to-Everything (M2X) Economy: Business Enactments, Collaborations and e-Governance

Nowadays, business enactments almost exclusively focus on human-to-human business transactions. However, the ubiquitousness of smart devices enables business enactments among autonomously acting machines, thereby providing the foundation for the machine-driven Machine-to-Everything (M2X) Economy. Human-to-human business is governed by enforceable contracts either in the form of oral, or written agreements. Still, a machine-driven ecosystem requires a digital equivalent that is accessible to all stakeholders. Additionally, an electronic contract platform enables fact-tracking, non-repudiation, auditability and tamper-resistant storage of information in a distributed multi-stakeholder setting. A suitable approach for M2X enactments are electronic smart contracts that allow to govern business transactions using a computerized transaction protocol such as a blockchain. In this position paper, we argue in favor of an open, decentralized and distributed smart contract-based M2X Economy that supports the corresponding multi-stakeholder ecosystem and facilitates M2X value exchange, collaborations, and business enactments. Finally, it allows for a distributed e-governance model that fosters open platforms and interoperability. Thus, serving as a foundation for the ubiquitous M2X Economy and its ecosystem

Distributed ledger technology for trust management optimisation in M2M

Decentralised environments with a high number of end-users and M2M devices used in several M2M services increase the importance of a secure trust management and comprehensive trust evaluation system to avoid frauds from malicious nodes. Blockchain, as part of the distributed ledger technology (DLT), helps to improve the overall security in a decentralised M2M community in various aspects. This research publication summarises several existing trust management and evaluation approaches, concluding with their benefits and limitations. Besides these, it highlights the advantages of the distributed ledger technology with the focus on blockchain and consensus mechanisms. In this context, most relevant consensus mechanisms are reviewed and an optimisation concept is proposed. Finally, a blockchain-based trust evaluation system is presented which can be used for trust evaluation and computation of decentralised M2M services part of an M2M community

SWOT Analysis of Lending Platform from Blockchain Technology Perspectives

Blockchain Technology become phenomenal issue in the world, emerging with bitcoin and IoT. It had been implemented in many areas in human activity. Advantages of blockchain technology is distributed ledger where resources distributed to all member in network. Loans or credit as part of human activity in their life. When we need cash for a major expense, it might be tempting to borrow from a payday lender or max out a credit card or similar, but you have other options that will not harm your credit or put you in a cycle of debt, even if your credit record is not all that great. Collateral loans could be a way to borrow the money as you need. One of which is the lending platform. Blockchain technology has been implemented in many lending platforms, but there are still any weaknesses that can be refined and optimized. Tool of analysis is SWOT, describes of four analysis, as follow: Strength, Weakness, Opportunity and Threats. This paper purpose to analyzed lending platform measured by look for the weaknesses variable and how to optimize that system performance that can improve for helping people in lending process. In addition, the result of this analysis can use for enhancement recommendation the system based on the weaknesses are found and opportunity for make a lending platform robust

The Machine-to-Everything (M2X) economy: business enactments, collaborations, and e-governance

Nowadays, business enactments almost exclusively focus on human-to-human business transactions. However, the ubiquitousness of smart devices enables business enactments among autonomously acting machines, thereby providing the foundation for the machine-driven Machine-to-Everything (M2X) Economy. Human-to-human business is governed by enforceable contracts either in the form of oral, or written agreements. Still, a machine-driven ecosystem requires a digital equivalent that is accessible to all stakeholders. Additionally, an electronic contract platform enables fact-tracking, non-repudiation, auditability and tamper-resistant storage of information in a distributed multi-stakeholder setting. A suitable approach for M2X enactments are electronic smart contracts that allow to govern business transactions using a computerized transaction protocol such as a blockchain. In this position paper, we argue in favor of an open, decentralized and distributed smart contract-based M2X Economy that supports the corresponding multi-stakeholder ecosystem and facilitates M2X value exchange, collaborations, and business enactments. Finally, it allows for a distributed e-governance model that fosters open platforms and interoperability. Thus, serving as a foundation for the ubiquitous M2X Economy and its ecosystem