A Review of the Lightning Network’s Evolution: Unraveling Its Present State and the Emergence of Disruptive Digital Business Models

The Lightning Network (LN), a second-layer protocol built on top of the Bitcoin blockchain, is an innovative digital payment solution that offers increased convenience, speed, and cost-effectiveness to consumers and businesses alike. However, there is limited literature available on the characteristics of this nascent technology, the depth and breadth of the various business LN-related applications as well as relevant adoption/implementation challenges. This study aims to contribute to the understanding of the LN’s characteristics, its potential in enhancing business operations and its applicability across different sectors, while taking into account adoption and implementation challenges. We apply a narrative review methodology using a semi-systematic approach to examine new and emerging business models empowered by the LN and its characteristics, topology, performance, privacy and security. We analyze the data to identify key themes and trends in the literature, offering a critical analysis of the strengths and weaknesses of the existing literature. Based on the findings, we provide several clusters of fruitful areas for future research directions. This study not only provides crucial insights for businesses contemplating the adoption of LN to improve their operations and customer experience, but it also represents a substantial academic contribution, offering valuable knowledge and fostering further research in the fields of blockchain technology, FinTech and cryptocurrencies

Supply chain management in view of climate change: an overview of possible impacts and the road ahead

Purpose: The paper aims to provide a general overview of the impacts of climate change upon supply chains and to analyze the implications of climate change for supply chain management in terms of strategic and operational planning. A roadmap of fruitful research approaches is also presented. Design/methodology/approach: The paper makes use of a general review of the relevant literature and, based on a systematic categorization of the findings, looks for useful insights towards the issues of climate change and supply chain management. A framework is drawn for systematically assessing the impacts of climate change upon supply chains and their management, while making suggestions for future research. Findings and Originality/value: Supply chain networks run physical, operational and reputational risks attributed to climate change. Escalation in regulations, market forces and stakeholders’ pressures are paving the way for the decarbonization of supply chains with obvious implications for supply chain management. Supply chain managers should pay special attention to the impacts of climate change on supply chains and academics should further explore the interrelationships between climate change and supply chain design and operations. Research limitations/implications: Additional qualitative research based on grounded theory is suggested for validating and interconnecting the findings with empirical data. Practical implications: The paper provides several insights towards the issues of supply chain management in view of climate change and may serve as an initial basis for exploring future research directions by academics. Practitioners, especially those drafting value-creating supply chain agendas, may also find these insights useful for improving their managerial practices. Originality/value: By providing an original structured overview of the impacts of climate change upon supply chain design and operations management the paper substantiates the need for management improvements and provides research directions that may prove valuable to researchers

A Two-Phase Stochastic Dynamic Model for COVID-19 Mid-Term Policy Recommendations in Greece: A Pathway towards Mass Vaccination

From 7 November 2020, Greece adopted a second nationwide lockdown policy to mitigate the transmission of SARS-CoV-2 (the first took place from 23 March to 4 May 2020), just as the second wave of COVID-19 was advancing, as did other European countries. To secure the full benefits of mass vaccination, which started in early January 2021, it is of utmost importance to complement it with mid-term non-pharmaceutical interventions (NPIs). The objective was to minimize human losses and to limit social and economic costs. In this paper a two-phase stochastic dynamic network compartmental model (a pre-vaccination SEIR until 15 February 2021 and a post-vaccination SVEIR from 15 February 2021 to 30 June 2021) is developed. Three scenarios are assessed for the first phase: (a) A baseline scenario, which lifts the national lockdown and all NPIs in January 2021; (b) a “semi-lockdown” scenario with school opening, partial retail sector operation, universal mask wearing, and social distancing/teleworking in January 2021; and (c) a “rolling lockdown” scenario combining a partial lifting of measures in January 2021 followed by a third nationwide lockdown in February 2021. In the second phase three scenarios with different vaccination rates are assessed. Publicly available data along with some first results of the SHARE COVID-19 survey conducted in Greece are used as input. The results regarding the first phase indicate that the “semi-lockdown” scenario clearly outperforms the third lockdown scenario (5.7% less expected fatalities); the second phase is extremely sensitive on the availability of sufficient vaccine supplies and high vaccination rates

Searching Deterministic Chaotic Properties in System-Wide Vulnerability Datasets

Cybersecurity is a never-ending battle against attackers, who try to identify and exploit misconfigurations and software vulnerabilities before being patched. In this ongoing conflict, it is important to analyse the properties of the vulnerability time series to understand when information systems are more vulnerable. We study computer systems’ software vulnerabilities and probe the relevant National Vulnerability Database (NVD) time-series properties. More specifically, we show through an extensive experimental study based on the National Institute of Standards and Technology (NIST) database that the relevant systems software time series present significant chaotic properties. Moreover, by defining some systems based on open and closed source software, we compare their chaotic properties resulting in statistical conclusions. The contribution of this novel study is focused on the prepossessing stage of vulnerabilities time series forecasting. The strong evidence of their chaotic properties as derived by this research effort could lead to a deeper analysis to provide additional tools to their forecasting process

A Systematic Literature Review of Blockchain-Enabled Supply Chain Traceability Implementations

In recent years, traceability systems have been developed as practical tools for improving supply chain (SC) transparency and visibility, especially in health and safety-sensitive sectors like food and pharmaceuticals. Blockchain-related SC traceability research has received significant attention during the last several years, and arguably blockchain is currently the most promising technology for providing traceability-related services in SC networks. This paper provides a systematic literature review of the various technical implementation aspects of blockchain-enabled SC traceability systems. We apply different drivers for classifying the selected literature, such as (a) the various domains of the available blockchain-enabled SC traceability systems and relevant methodologies applied; (b) the implementation maturity of these traceability systems along with technical implementation details; and (c) the sustainability perspective (economic, environmental, social) prevalent to these implementations. We provide key takeaways regarding the open issues and challenges of current blockchain traceability implementations and fruitful future research areas. Despite the significant volume and plethora of blockchain-enabled SC traceability systems, academia has so far focused on unstructured experimentation of blockchain-associated SC traceability solutions, and there is a clear need for developing and testing real-life traceability solutions, especially taking into account feasibility and cost-related SC aspects

The Effects of Cryptocurrency Trading Websites on Airlines’ Advertisement Campaigns

In future years, airline companies will be leaning more and more towards cryptocurrencies to implement their digital marketing strategies as leaders seek to gain an understanding of the factors affecting airlines’ visibility parameters. Cryptocurrency investment websites are currently experiencing rising demand, making them an appropriate site for paid advertisements. The above factors suggest the need for airlines to harvest cryptocurrency investment and platform users in their favour. To this end, it can be beneficial for airlines’ web promotions to link certain web analytics metrics to cryptocurrency trading site metrics. For research purposes, web analytics data were monitored and gathered for 2 consecutive years from 10 globally leading cryptocurrency trading companies and 10 airline websites. A three-stage model was adopted by the authors. In the first stage, statistical analysis was implemented using cryptocurrency and airline metrics, followed by fuzzy cognitive mapping and agent-based modelling stages. The findings of the study indicate that engagement with cryptocurrency trading websites has a positive impact on airline websites’ global ranking and visibility parameters. The outcomes of this research provide noteworthy digital marketing strategies which can be addressed by airline companies to increase their website visitors and optimise visibility parameters with the assistance of cryptocurrency trading websites