Transparent Transactions Research Articles

BLOCKCHAIN TECHNOLOGY: A NEW ERA OF TRANSACTION PROCESSING - (DECENTRALIZED, SECURE LEDGER TRANSFORMING GLOBAL TRANSACTION PROCESSES)

Blockchain technology has emerged as a disruptive force in the realm of transaction processing, heralding a new era marked by decentralization, security, and transparency. By leveraging distributed ledgers, blockchain eliminates the need for intermediaries, enabling peer-to-peer transactions that are secure and immutable. This shift towards decentralized networks not only ensures trust in transactions but also streamlines processes across industries, offering a paradigm shift in how transactions are conducted and verified. Furthermore, the implementation of smart contracts within blockchain technology adds a layer of automation and enforceability to agreements, revolutionizing the way contracts are executed. These self-executing contracts facilitate efficient and reliable transactions, minimizing the potential for fraud and human error. As a result, blockchain technology is not only transforming traditional financial systems but also finding applications in supply chain management, healthcare, and various sectors where secure and transparent transactions are paramount. KEYWORDS Blockchain technology, Decentralization, Distributed ledger, Smart contracts, Transaction security, Transparency, Peer-to-peer transactions, Immutable ledger, Cryptographic principles, Supply chain management, Scalability challenges, Regulatory uncertainty, Interoperability, Energy consumption, Tokenization, Digital trust, Automation

A Multi-Agent Reinforcement Learning Blockchain Framework for Improving Vehicular Internet of Things Cybersecurity

The Vehicular Internet of Things (VIoT) is a novel idea in the field of connected transportation systems that defines a new paradigm. Nevertheless, even the most modern and complex system will require additional and more powerful layers to protect the conversation from interception and the data from leakage. The centralized models have problems like trust problems and that there might be vulnerabilities and that is why there are attempts to integrate decentralization in operation. The first challenge in the VIoT networks is that the security and openness of such a connection and data transfer are still not well developed. Another issue is the security and dependability of the interaction between the vehicles and the infrastructure, although this issue is magnified by the size of the VIoT network. This research is a blockchain and game theory base research that uses Multi-Agent Reinforcement Learning (MARL) to improve the security and efficiency of the VIoT ecosystem. The technology of blockchain gives a distributed ledger where data cannot be altered or erased. Moreover, the MARL architecture allows for the realisation of better decisions for each of the members of the network. To this, the set that was made up of the smart contracts, Vehicle Units (VUs) and the decentralized servers that form the proposed architecture would be added to allow for the right flow and processing of the data. The blockchain’s decentralized nature provides a guarantee for all secure, immutable data transfers and transparent transactions throughout the network of the VIoT. MARL enables agents to learn and acquire the best strategies as they pass through time, which leads to secure and effective communication among entities. Besides, the implementation of lightweight cryptography techniques and strategic selections according to game theory help to protect and improve the performance of the security system of the VIoT ecosystem.

Blockchain-Driven Generalization of Policy Management for Multiproduct Insurance Companies

This article presents a Blockchain-based solution for the management of multipolicies in insurance companies, introducing a standardized policy model to facilitate streamlined operations and enhance collaboration between entities. The model ensures uniform policy management, providing scalability and flexibility to adapt to new market demands. The solution leverages Merkle trees for secure data management, with each policy represented by an independent Merkle tree, enabling updates and additions without altering existing policies. The architecture, implemented on a private Ethereum network using Hyperledger Besu and Tessera, ensures secure and transparent transactions, robust dispute resolution, and fraud prevention mechanisms. The validation phase demonstrated the model’s efficiency in reducing data redundancy and ensuring the consistency and integrity of policy information. Additionally, the system’s technical management has been simplified, operational redundancies have been eliminated, and privacy is enhanced.

The Future of the Digital Social Economy: Navigating the Confluence of Blockchain, Metaverse, and Artificial General Intelligence

This paper explores the transformative dynamics within the digital social economy, focusing on the intersection of Blockchain technology, the Metaverse, and Artificial General Intelligence (AGI). Our research illuminates the pathways and implications of this confluence, presenting a comprehensive view of its potential to reshape economic, social, and technological landscapes. We propose a multifaceted framework integrating these technologies, highlighting their collective potential to revolutionize the digital social economy. Methodologically, we combine extensive analysis of existing literature and current market data with qualitative interviews with industry experts in blockchain, virtual reality, and AGI. Our findings reveal that blockchain serves as the backbone for secure and transparent transactions, essential for trust in virtual interactions. The Metaverse emerges as a transformative platform for social and economic engagement, while AGI drives intelligent, adaptive, and personalized experiences within these digital realms. We identify critical challenges, such as platform interoperability, ethical considerations in AGI deployment, and the digital divide hindering equitable access. We propose strategic solutions, emphasizing robust governance frameworks, ethical AI development standards, and inclusive policies. This paper provides strategic insights for stakeholders, offering a visionary perspective for future innovation and policy development in the evolving digital social economy.

Digital twin-driven architecture for AIoT-based energy service provision and optimal energy trading between smart nanogrids

This article explores integrating digital twin technology and blockchain within smart grids to optimize energy trading among prosumers and consumers in smart nanogrids. Our platform employs a multi-objective optimization strategy, including Particle Swarm Optimization (PSO), to delineate energy trading routes between nanogrids, optimizing parameters such as route distance, surplus renewable energy, and energy power loss. Our platform ensures efficient and effective energy trading services by meticulously considering factors such as surplus energy amount, energy price, route distance, and time. The proposed digital twin-based architecture comprises seven layers, each tailored to address specific functionalities and services for energy management within smart nanogrids. At the apex lies the application layer (digital twin services), leveraging the digital twin's capabilities to optimize energy trading, manage surplus energy, and efficiently meet energy demand. This layer facilitates informed decision-making and resource optimization. Integrating a digital twin-driven architecture with a blockchain-based platform tackles challenges inherent in decentralized energy trading. The digital twin offers real-time energy resource monitoring and optimisation, ensuring efficient utilisation and autonomous decision-making. Concurrently, leveraging blockchain technology ensures secure and transparent transactions, fostering trust among participants and facilitating peer-to-peer energy exchange. Task generation, device virtualization, task mapping, scheduling on edge devices, and task assignment layers further streamline task execution and resource utilization, enhancing the efficiency of energy management processes. The predictive optimal energy control layer also orchestrates the entire architecture, enabling predictive and optimized energy control within smart nanogrids. Furthermore, the Security as a Service (SECaaS) layer enhances security and trustworthiness using blockchain technology, incorporating components such as consensus management, real-time distributed ledgers, and identity management. This layer enhances the security and transparency of energy-related transactions and data within the digital twin framework. The results showcase a remarkable 53% reduction in peak load, emphasizing the optimized energy consumption and demand achieved. Furthermore, our platform has significantly increased the utilization of renewable energy resources by 24%, highlighting its contribution to sustainable energy resource management. Rigorous assessment of the prediction and optimization modules reveals their high accuracy and precision, with mean absolute percentage error (MAPE) values of 15.125 and 14.369, respectively. These findings underscore the efficacy and reliability of our digital twin-based approach, surpassing existing solutions and benchmarks.

The Role of Islamic Economics in the Global Economy

This article explains the role of Islamic economics in the global economy consisting of an introduction, understanding sharia economics, principles of Islamic economics, globalization and the role of Islamic economics in the global economy. This journal is to find out the role of Islamic economics in the global economy in accordance with Islamic economic principles. Islamic economics is based on sharia principles which prohibit usury (interest), gharar (uncertainty), and encourage fair and transparent transactions. These principles support economic stability and social justice. This research concludes that Islamic Economics plays a very important role in the global economy by offering an ethical and sustainable alternative. With the continued development of Islamic finance and increased global awareness of sharia principles, Islamic economics has the potential to make a significant contribution to global economic stability and inclusiveness.

Synergizing AI and Blockchain: Innovations in Decentralized Carbon Markets for Emission Reduction through Intelligent Carbon Credit Trading

This study aims to enhance the paradigm of decentralized carbon markets by proposing an innovative integration of artificial intelligence (AI) and blockchain technology for intelligent carbon credit trading with the goal of attaining sustainable emission reduction. Blockchain systems powered by artificial intelligence (AI) have the potential to boost the effectiveness of current systems and expedite the global implementation of emissions trading. Although still in its infancy, blockchain artificial intelligence (AI) presents a promising solution to some of the world's most pressing environmental issues. Environmental sustainability is greatly affected by artificial intelligence because of its decentralized computation architecture. The Artificial Intelligence and blockchain are outstanding direction for today’s environmental issues starting from carbon footprint emission to earth market unstable management, whereby the AI facilitates the best possible operational control of power systems and the blockchain offers decentralized trading platforms for the energy markets. The paper's theoretical framework, based on advanced mathematical models, serves as the foundation for this study, in which AI algorithms are methodically constructed to anticipate carbon emissions with unprecedented accuracy. Using sophisticated coding simulations and complicated mathematical formulas, the study boldly transitions into a realistic digital implementation that builds on this theoretical foundation. This complex experiment not only validates the theoretical ideas but also illustrates the complex relationship between blockchain and AI in the decentralized carbon market ecosystem. This experiment's mathematical basis is the creation of an integrated pricing model that seamlessly blends blockchain-based trading dynamics with AI-driven forecasts. The model incorporates a dynamic, self-adjusting system that responds to current market conditions, in addition to optimizing the pricing calculation of carbon credits. Complex market dynamics, player tactics, and the overall equilibrium of the carbon credit market are all modeled by mathematical simulations. The project goes deeper into building blockchain-based smart contracts, which enable safe and transparent transactions. The comprehensive mathematical results of the experiment shed light on the best way to price carbon credits while underscoring the disruptive potential of blockchain and artificial intelligence in terms of sustainable emission reduction strategies used in carbon markets. Major conclusions about the potential advantages of Blockchain AI for guaranteeing emissions reduction are drawn from the current study. Additionally, it presents a roadmap for future research in this area.

Development of a Blockchain System for Licensing Services for Nigerian Communications Commission

Digital assets face threats like unauthorized duplication, breaching intellectual property rights. Software licensing safeguards developers' rights and users' interests. However, traditional methods encounter challenges such as fraud, piracy, and lack of transparency. This study aims to enhance licensing using blockchain. Blockchain's decentralized system ensures encrypted, secure, and transparent transactions, potentially improving efficiency and security. The research proposes a novel approach using the Nigerian Communications Commission (NCC) as a case study, comprising token-based, hash-based, and smart contracts-based licensing. NCC issues certificates for Telecom services, with each license identified by numbers. Smart contracts automate the licensing process, enforcing terms and conditions. The study examines blockchain's benefits and challenges, including decentralization and trust. It contributes to software license management by leveraging blockchain's advantages.

Smart contract: Revolutionizing transactions in the digital age

Blockchain technology is a revolutionary concept that has transformed various industries, offering decentralized and secure solutions for data management. At its core, a blockchain is a distributed and immutable ledger that records transactions across a network of computers. One of the key features of blockchain is its transparency, as each participant in the network has access to the same information. The application of blockchain technology extends across diverse sectors, with finance being the most promising and well-known application domain. Cryptocurrencies, like Bitcoin and Ethereum, rely on blockchain to facilitate secure and transparent transactions. The decentralized nature of blockchain eliminates the need for intermediaries, reducing transaction costs and increasing efficiency. Beyond finance, blockchain is making significant strides in supply chain management. The emergence of blockchain technology has paved the way for a transformative innovation in the realm of digital transactions: smart contracts. These self-executing contracts encoded in blockchain have garnered significant attention for their potential to revolutionize the way agreements are made, executed, and enforced. This paper explores the concept of smart contracts, delving into the underlying technology, finding applications across various industries, legal implications, and future prospects.

Design and Application of a Credit Bank Based on Blockchain Technology

Credit banks are an important way to build a lifelong learning system and a learning society. At present, various types of credit banks in China generally have limitations such as low efficiency in learning achievement certification and conversion, difficulty in ensuring the quality of learning achievement certification, and vague identification of credit banks. Blockchain technology has the characteristics of openness, consensus, transparent transactions, anonymity, tamper resistance, and traceability, which can effectively solve the centralized governance problems faced by the current construction of credit banks. This article elaborates on the current development status and characteristics of credit banks at home and abroad, analyzes the feasibility of combining credit banks with blockchain, and designs a blockchain based credit bank system architecture and processing flow to address the challenges of inconsistent credit conversion standards, low conversion efficiency, and data security risks in traditional credit banks. It proposes using block structure design to achieve secure and tamper proof credit data, proposes a smart contract based credit recognition and conversion method to achieve decentralized governance of credit banks, and establishes a blockchain based credit bank certification, conversion, and other application design models, which can provide technical support for the large-scale application of credit banks in the future.

Revolutionizing Blockchain: Exploring the Transformative Potential of Quantum Ledger Database (QLDB) in AWS

The relentless march of technological innovation has ushered in an era of unprecedented disruption, transforming industries and redefining the boundaries of possibility. Among the myriad advancements, blockchain technology has emerged as a beacon of transparency, promising immutable ledgers and decentralized trust. However, traditional blockchain platforms have grappled with inherent limitations, from scalability bottlenecks to cumbersome data management. Enter AWS Quantum Ledger Database (QLDB), a paradigm-shifting solution poised to revolutionize blockchain applications. In this paper, we embark on a journey to explore the transformative potential of AWS QLDB in the realm of blockchain applications. We delve into the architecture, features, and capabilities of QLDB, dissecting its innovative approach to ledger database management. QLDB's architecture, characterized by tamper-resistant journaling and cryptographic verification, lays the foundation for unparalleled data integrity and transparency, overcoming the shortcomings of traditional blockchain platforms. Our exploration extends beyond the theoretical realm, as we uncover real-world use cases and success stories showcasing QLDB's prowess in diverse domains. From supply chain management to financial services, organizations are harnessing QLDB to streamline operations, enhance auditability, and foster trust in transactions. We delve into these use cases, shedding light on the tangible benefits and transformative impact of QLDB on business processes and ecosystem collaboration. Furthermore, we unravel the intricate tapestry of security and compliance considerations surrounding QLDB, elucidating its robust data encryption capabilities and compliance certifications. In an era fraught with data breaches and regulatory scrutiny, QLDB emerges as a bastion of data security and privacy, empowering organizations to navigate the complex landscape of compliance with confidence. Looking ahead, we envision a future brimming with possibilities, where QLDB transcends its current capabilities to unlock new frontiers in scalability, interoperability, and ecosystem integration. As blockchain technology continues to evolve, propelled by the relentless march of innovation, AWS QLDB stands at the vanguard of transformation, shaping the future of decentralized trust and transparent transactions. Keywords:- Technological innovation, Blockchain technology, AWS Quantum Ledger Database (QLDB), Ledger database management, Data integrity, Supply chain management, Real-world use cases, Financial services, Compliance, Transparent transactions, Decentralized trust, Ecosystem integration

Block Chain Based Agri-Food Traceability with SHA-256 Algorithm

Block chain technology has emerged as a promising solution for enhancing transparency and efficiency in various industries, including agriculture and food supply chains. This article examines the influence of block chain technology on agriculture, explores ongoing projects and initiatives, and assesses its potential implications, obstacles, and promises. Despite its potential to revolutionize the food supply chain by enabling transparent transactions among dispersed and untrustworthy parties without intermediaries like banks, several challenges hinder its widespread adoption. These challenges encompass technological limitations, educational gaps, and regulatory hurdles. This study provides insights into the current state of blockchain adoption in agriculture and offers critical perspectives on project maturity.

Blockchain Integration in Banking: A Fintech Revolution

This research paper delves into the transformative impact of blockchain technology on the banking sector, ushering in a new era of financial technology (fintech) innovation. The study examines the fundamental shifts in traditional banking paradigms as blockchain integrates into various facets of financial operations. Highlighting the unparalleled security features of blockchain, the paper explores how it mitigates fraud, ensures transparent transactions, and fortifies data integrity. The efficiency gains from decentralized ledger systems are analysed, shedding light on streamlined processes, reduced costs, and accelerated transaction speeds.Furthermore, the research discusses the challenges and regulatory considerations accompanying blockchain adoption in banking. As fintech disrupts conventional banking norms, this paper evaluates the implications for financial institutions and their customers. By scrutinizing real-world examples and case studies, it provides insights into successful blockchain implementations and lessons learned from early adopters. In essence, this research illuminates the intricate dynamics of the fintech revolution within the banking industry, offering a comprehensive understanding of the present landscape and the promising future that blockchain integration heralds.

Augmenting cybersecurity in smart urban energy systems through IoT and blockchain technology within the Digital Twin framework

This research presents a comprehensive framework to enhance the cybersecurity and efficiency of smart urban energy systems by integrating cutting-edge technologies. Leveraging advanced evolutionary optimization techniques, specifically Covariance Matrix Adaptation Evolution Strategy (CMA-ES), the proposed system optimizes energy management and trading within urban infrastructure. Simultaneously, the integration of Internet of Things (IoT) devices enables real-time monitoring and decision-making, while blockchain technology ensures secure and transparent transactions. The study evaluates system performance by comparing it with traditional approaches, assessing key metrics such as convergence speed, exploration, exploitation, and cybersecurity. Results indicate that the proposed framework outperforms traditional systems in energy efficiency, cost-effectiveness, and cybersecurity metrics. This research offers valuable insights into integrating emerging technologies to address evolving challenges in smart urban energy systems. The findings highlight the potential of this innovative framework to revolutionize urban energy management, providing a foundation for more resilient, secure, and efficient smart cities. As the global urban landscape continues to evolve, this framework represents a strategic approach to meet the increasing demands for sustainable and secure urban energy solutions.

Tokenization of Dinar and Dirham: Potential and Implications in the Islamic Digital Financial System

In the era of digitalization, the Islamic community faces challenges in integrating modern technology with Shariah principles in financial transactions. This study explores the potential and implications of tokenizing Dinar and Dirham within the Islamic digital financial system. Dinar and Dirham, currencies made of precious metals, can be tokenized using blockchain technology, enabling faster, more secure, and transparent transactions. Tokenization offers benefits such as transparency, security, efficiency, and financial inclusion, which are crucial in Islamic financial principles. However, the main challenges include regulation, Shariah compliance, technological infrastructure, and public awareness and education. Case studies from Dubai and Saudi Arabia demonstrate efforts and successes in asset tokenization. This study concludes that tokenization of Dinar and Dirham has significant potential to address the challenges of digitalization in Islamic finance, but requires collaboration among governments, financial institutions, and communities. Further research is needed to understand the long-term impact and practical application of tokenization in the Islamic financial system.

A 3C Authentication: A Cross-Domain, Certificateless, and Consortium-Blockchain-Based Authentication Method for Vehicle-to-Grid Networks in a Smart Grid

As an important component of the smart grid, vehicle-to-grid (V2G) networks can deliver diverse auxiliary services and enhance the overall resilience of electrical power systems. However, V2G networks face two main challenges due to a large number of devices that connect to it. First, V2G networks suffer from serious security threats, such as doubtful authenticity and privacy leakage. Second, the efficiency will decrease significantly due to the massive requirements of authentication. To tackle these problems, this paper proposes a cross-domain authentication scheme for V2G networks based on consortium blockchain and certificateless signature technology. Featuring decentralized, open, and transparent transactions that cannot be tampered with, this scheme achieves good performance on both security and efficiency, which proves to be suitable for V2G scenarios in the smart grid.

Media Safety Threshold for the Digital Protection and Inheritance of Dunhuang Culture

This paper delves into the utilization of NFT (Non-Fungible Token) technology for safeguarding and perpetuating Dunhuang culture, with a focus on media safety. It proposes a research methodology aimed at constructing a digital resource library and management platform utilizing this innovative technology. Addressing the imperative requirements of safeguarding work copyrights and establishing robust transaction mechanisms, it introduces the unique features of NFTs, such as non-fungibility and smart contract transactions, in a novel manner. By digitizing cultural artifacts, this approach establishes clear copyright and ownership attributes, facilitating transparent transactions and seamless transfers of ownership. Moreover, the paper explores the integration of NFT technology into the online dissemination and preservation of Dunhuang cultural works, which encompasses the creation of digital exhibitions and online museums. Through collaborative efforts both domestically and internationally, the digital works of Dunhuang culture are poised to garner global exposure, thereby enhancing its international significance. By delving into the future potential of NFT technology for safeguarding and perpetuating Dunhuang culture, this paper seeks to foster better cultural dissemination strategies, ultimately contributing to the enhanced protection, inheritance, and promotion of Dunhuang culture on a global scale.

Cryptocurrency in India

Cryptocurrency, a form of digital currency, has emerged as a disruptive force in the financial landscape. Built on the the historical context and key milestones in the development of cryptocurrencies, highlighting the release of Bit coin as the pioneering cryptocurrency. It explores the underlying technology of block chain, elucidating its decentralized nature and cryptographic security features that enable trust and accountability in transactions. Overall, this abstract offers foundations of block chain technology, cryptocurrencies offer decentralized, secure, and transparent transactions, challenging the traditional centralized financial systems. This abstract presents a comprehensive analysis of the evolution, functioning, and implications of cryptocurrencies. The study begins by examining a comprehensive overview of cryptocurrencies, providing insights into their technological foundations, economic implications, and potential future developments. It aims to contribute to the understanding of this transformative digital currency revolution and its impact on global finance and economics

Blockchain and IOT for the sustainable agriculture census system development

The integration of Blockchain and the Internet of Things (IoT) technologies has revolutionized various sectors, including agriculture, by enhancing transparency, security, and efficiency. This abstract provides an overview of a groundbreaking project aimed at developing Blockchain and IoT technologies for agriculture. The conventional agriculture census process is often plagued by inefficiencies, data inaccuracies, and vulnerability to fraud. to fraud often plague the conventional agriculture census process. To address these challenges, this project leverages Blockchain's immutable ledger capabilities to ensure the integrity of agricultural data collected during the census. Furthermore, IoT devices, such as sensors and drones, are deployed to automate data collection and monitor various aspects of agricultural operations, promoting sustainability and resource optimization. Through the combination of Blockchain and IoT, the SACS provides several advantages. It offers secure, tamper-proof storage of agricultural data, ensuring its accuracy and reliability. Smart contracts on the Blockchain facilitate automated and transparent transactions, streamlining interactions among stakeholders in the agriculture ecosystem. Moreover, the real-time data collected by IoT devices enable farmers and policymakers to make data-driven decisions that improve crop yields, resource utilization, and environmental sustainability.

Integration of Edge Computing-Enabled IoT Monitoring and Sharded Blockchain in a Renewable Energy-Based Smart Grid System

An innovative cutting-edge smart grid system that integrates Internet of Things (IoT) with Blockchain technology is presented in this work. The smart grid harnesses the potential of Renewable Energy Sources (RESs) like Photovoltaic (PV) system and Wind Energy Conversion System (WECS) to meet the growing energy demands. The Edge computing enabled IoT technology and sharded blockchain is proposed to strengthen the functionality of smart grid. Moreover, the IoT infrastructure enables seamless communication and coordination between various grid components, facilitating optimal energy generation, consumption, and management. Furthermore, implementation of sharded blockchain architecture ensures secure and transparent transactions within smart grid ecosystem. The proposed smart grid system represents significant advancement in renewable energy integration, combining PV, WECS, and Energy Storage System (ESS) with edge computing enabled IoT and sharded blockchain. Through rigorous simulation and analysis, the remarkable advantages of these innovations are quantified. The sharded blockchain integration enhances transaction throughput by 300%, achieving 5000 transactions per second, while reducing confirmation latency to 3 s. It maintains 99.9% data integrity, achieves 98% privacy compliance via encryption, and exhibits robust resilience against cyber threats, securing energy-related data in the smart grid ecosystem.