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Decentralization, which has backed the hyper growth of many blockchains, comes at the cost of scalability. To understand this fundamental limitation, this paper proposes a quantitative measure of blockchain decentralization, and discusses…

Cryptography and Security · Computer Science 2018-10-09 Shumo Chu , Sophia Wang

Despite Information and Communication Technologies (ICT) have reduced the information asymmetry and increased the degree of interorganizational collaboration, the companies participating a supply chain are less inclined to share data when…

Cryptography and Security · Computer Science 2022-06-09 Francesco Longo , Letizia Nicoletti , Antonio Padovano , Gianfranco d'Atri , Marco Forte

Financial markets are undergoing an unprecedented transformation. Technological advances have brought major improvements to the operations of financial services. While these advances promote improved accessibility and convenience,…

Trading and Market Microstructure · Quantitative Finance 2023-12-05 Agostino Capponi , Garud Iyengar , Jay Sethuraman

The increasing congestion of Earth's orbit due to growing satellite deployments and space debris poses a significant challenge to sustainable space operations. Traditional space surveillance systems rely on centralized architectures, which…

Information Theory · Computer Science 2025-05-13 Nesrine Benchoubane , Nida Fidan , Gunes Karabulut Kurt , Enver Ozdemir

Trading data through blockchain platforms is hard to achieve \textit{fair exchange}. Reasons come from two folds: Firstly, guaranteeing fairness between sellers and consumers is a challenging task as the deception of any participating…

Cryptography and Security · Computer Science 2023-11-01 Erya Jiang , Bo Qin , Qin Wang , Qianhong Wu , Sanxi Li , Wenchang Shi , Yingxin Bi , Wenyi Tang

More than ten years ago the blockchain was acclaimed as the solution to overcome centralised trusted third parties for online payments. Through the years the crypto-movement changed and evolved, although decentralisation remained the core…

The current landscape of the core Internet technologies shows considerable centralisation with the big tech companies controlling the vast majority of traffic and services. This has sparked a wide range of decentralisation initiatives with…

Cryptography and Security · Computer Science 2019-12-10 Constantinos Patsakis , Fran Casino , Nikolaos Lykousas , Vasilios Katos

Traceability and auditability are key structures that are vital in supply chain management and construction. However, trust is the most important aspect of customers in these systems. Also, we have to rely on third parties to trade in…

Cryptography and Security · Computer Science 2021-03-22 Bora Bugra Sezer , Selcuk Topal , Urfat Nuriyev

In the last few years, a countless number of permissioned blockchain solutions have been proposed, with each one to claim that it revolutionizes the way of the transaction processing along with the security and privacy preserving mechanisms…

Cryptography and Security · Computer Science 2021-09-09 Sotirios Brotsis , Nicholas Kolokotronis , Konstantinos Limniotis , Gueltoum Bendiab , Stavros Shiaeles

A cryptocurrency is a decentralized digital currency that is designed for secure and private asset transfer and storage. As a currency, it should be difficult to counterfeit and double-spend. In this paper, we review and analyze the major…

Cryptography and Security · Computer Science 2019-04-26 Ehab Zaghloul , Tongtong Li , Matt Mutka , Jian Ren

In electronic marketplaces, after each transaction buyers will rate the products provided by the sellers. To decide the most trustworthy sellers to transact with, buyers rely on trust models to leverage these ratings to evaluate the…

Social and Information Networks · Computer Science 2013-06-24 Lizi Zhang

Traditional blockchain design gives miners or validators full control over transaction ordering, i.e., they can freely choose which transactions to include or exclude, as well as in which order. While not an issue initially, the emergence…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-12-19 Andrei Constantinescu , Diana Ghinea , Lioba Heimbach , Zilin Wang , Roger Wattenhofer

Blockchain transactions are signed by private keys. Secure key storage and tamper-proof computers are essential requirements for deploying a trusted infrastructure. In this paper, we identify some threats against blockchain wallets and…

Cryptography and Security · Computer Science 2023-03-31 Pascal Urien

This research study focuses primarily on Block-Chain-based voting systems, which facilitate participation in and administration of voting for voters, candidates, and officials. Because we used Block-Chain in the backend, which enables…

Machine Learning · Computer Science 2023-03-14 Jagbeer Singh , Utkarsh Rastogi , Yash Goel , Brijesh Gupta , Utkarsh

One fundamental limitation of blockchain-based smart contracts is that they execute in a closed environment. Thus, they only have access to data and functionality that is already on the blockchain, or is fed into the blockchain. Any…

Cryptography and Security · Computer Science 2021-09-03 Shayan Eskandari , Mehdi Salehi , Wanyun Catherine Gu , Jeremy Clark

Decentralization is a fundamental design element of the Web3 economy. Blockchains and distributed consensus mechanisms are touted as fault-tolerant, attack-resistant, and collusion-proof because they are decentralized. Recent analyses,…

Networking and Internet Architecture · Computer Science 2026-04-15 Harang Ju , Madhav Kumar , Ehsan Valavi , Sinan Aral

Blockchains revolutionized centralized sectors like banking and finance by promoting decentralization and transparency. In a blockchain, information is transmitted through transactions issued by participants or applications. Miners…

Cryptography and Security · Computer Science 2024-05-30 Johnnatan Messias Peixoto Afonso

As an emerging service framework built by combining cryptography, P2P network, consensus mechanism and innovative contract technology, blockchain has been widely used in digital finance, data sharing, message traceability and electronic…

Cryptography and Security · Computer Science 2025-08-05 Wenwen Zhou , Dongyang Lyu , Xiaoqi Li

Blockchains are being positioned as the "technology of trust" that can be used to mediate transactions between non-trusting parties without the need for a central authority. They support transaction types that are native to the blockchain…

Cryptography and Security · Computer Science 2024-11-06 Nodirbek Korchiev , Akash Pateria , Vodelina Samatova , Sogolsadat Mansouri , Kemafor Anyanwu

The challenge to establish and verify human identity over the Internet in a secure and privacy-respecting way is long-standing. In this paper, we explore the blockchain trilemma of scalability, security, and decentralization in the context…

Cryptography and Security · Computer Science 2022-04-13 Paul Dunphy