Blockchain and distributed ledger technologies -- Security management of digital asset custodians

2020 ◽  
Author(s):  
Mary Asante ◽  
Gregory Epiphaniou ◽  
Carsten Maple ◽  
Haider Al-Khateeb ◽  
Mirko Bottarelli ◽  
...  

Author(s):  
Ahmed Ashoor ◽  
Kamaljeet Sandhu

Blockchain technology refers to a digital, immutable, distributed ledger that registers completed transactions in a well-ordered manner and near real time. Blockchain security creates a decentralized environment that bars any third-party organization from controlling the cryptographically validated transactions and data. Blockchain technology fosters business innovation by creating a peer-to-peer networking that prevents one central server from accessing as well as processing data belonging to all companies in the network. Cryptocurrency can be defined as a digital asset built to facilitate completed transactions using cryptography. It helps in providing protection to the completed transactions and controlling the creation of additional units of the currency. In the recent years, the application of blockchain technology has been associated with governance. Blockchain governance has been applied in different fields; for example, it can be used to create permanent laws that cannot be violated by any third party.


2020 ◽  
Vol 18 (2) ◽  
pp. 181-208 ◽  
Author(s):  
Wolfgang Karl Härdle ◽  
Campbell R Harvey ◽  
Raphael C G Reule

Abstract Cryptocurrency refers to a type of digital asset that uses distributed ledger, or blockchain, technology to enable a secure transaction. Although the technology is widely misunderstood, many central banks are considering launching their own national cryptocurrency. In contrast to most data in financial economics, detailed data on the history of every transaction in the cryptocurrency complex are freely available. Furthermore, empirically oriented research is only now beginning, presenting an extraordinary research opportunity for academia. We provide some insights into the mechanics of cryptocurrencies, describing summary statistics and focusing on potential future research avenues in financial economics.


Author(s):  
Ahmed Ashoor ◽  
Kamaljeet Sandhu

Blockchain technology refers to a digital, immutable, distributed ledger that registers completed transactions in a well-ordered manner and near real time. Blockchain security creates a decentralized environment that bars any third-party organization from controlling the cryptographically validated transactions and data. Blockchain technology fosters business innovation by creating a peer-to-peer networking that prevents one central server from accessing as well as processing data belonging to all companies in the network. Cryptocurrency can be defined as a digital asset built to facilitate completed transactions using cryptography. It helps in providing protection to the completed transactions and controlling the creation of additional units of the currency. In the recent years, the application of blockchain technology has been associated with governance. Blockchain governance has been applied in different fields; for example, it can be used to create permanent laws that cannot be violated by any third party.


Author(s):  
A.A. Kud

Figure. Distributed Ledger Token Accounting System. Figure. Subjects of Social Relations Based on the Decentralized Information Platform. Figure. Derivativeness of a Digital Asset. Figure. Semantic Features of the Concept of a “Digital Asset” in Economic and Legal Aspects. Figure. Derivativeness of Polyassets and Monoassets. Figure. Types of Tokenized Assets Derived from Property. Figure. Visual Representation of the Methods of Financial and Management Accounting of Property Using Various Types of Tokenized Assets. Figure. Visual Representation of the Classification of Virtual Assets Based on the Complexity of Their Nature. Table. Comparison of Properties of Various Types of Virtual Assets of the Distributed Ledger Derivative of the Original Asset. Table. Main Properties and Parameters of Types of Tokenized Assets. Table. Classification of Virtual Assets as Tools for Implementing the Methods of Financial and Management Accounting of Property.


Author(s):  
Muyideen Omuya Momoh ◽  
P.U. Chinedu ◽  
W. Nwankwo ◽  
D. Aliu ◽  
M.S. Shaba

In recent times, more scholastic and social attention have been paid to blockchain and its distributed ledger system mechanism. The reasons for this ever-increasing attention cannot be far-fetched: blockchain now occupies a copious position in the present-day ways of doing things economically, digitally and ‘digital-socially’. Blockchain could be described as a distributed ledger system that allows secure transactions without a central management system. In this distributed ledger system, transactions are coded into blocks, which are linked to each other in the form of a chain. The first application of blockchain is in the bitcoin cryptocurrency. Though not limited to bitcoin, blockchain finds usefulness in security and trusts for instance, digital assets could be coded into blocks to ensure and enforce quality of trust. Consequent upon the quality of trust the blockchain confers on a digital asset, transparency among participating nodes is guaranteed.  This is because, any change made to any record in a given block automatically initiates and enforces a corresponding change in all other blocks in the chain hence tampering or breach is almost impossible.  Owing to its impressive prospects in the socioeconomic and political ecosystem, this paper was conceived to examine the current developments around this novel technology with particular emphasis on its benefits and proposed  challenges and needs to fill the gap created in the vital socioeconomic domains. The paper concludes that the blockchain technology is a plausible approach to restoring the trust, confidentiality, availability and integrity in transactions in the cyberspace and the world at large as majority of the global economy thrives in the cloud.


2021 ◽  
Vol 107 ◽  
pp. 03001
Author(s):  
Andrii Bielinskyi ◽  
Oleksandr Serdyuk ◽  
Serhiy Semerikov ◽  
Vladimir Soloviev

Cryptocurrencies refer to a type of digital asset that uses distributed ledger, or blockchain technology to enable a secure transaction. Like other financial assets, they show signs of complex systems built from a large number of nonlinearly interacting constituents, which exhibits collective behavior and, due to an exchange of energy or information with the environment, can easily modify its internal structure and patterns of activity. We review the econophysics analysis methods and models adopted in or invented for financial time series and their subtle properties, which are applicable to time series in other disciplines. Quantitative measures of complexity have been proposed, classified, and adapted to the cryptocurrency market. Their behavior in the face of critical events and known cryptocurrency market crashes has been analyzed. It has been shown that most of these measures behave characteristically in the periods preceding the critical event. Therefore, it is possible to build indicators-precursors of crisis phenomena in the cryptocurrency market.


Author(s):  
Nataliia Tsymbalenko

The subject of research-theoretical concepts of economic security managementof universities. The purpose of the article. The study of the essence of the economicsecurity management system of the university and the definition of its main tasks,the formulation of principles of economic security management of the university.Methodology. The dialectical method, methods of analysis and synthesis, methodsof structural-logical and semantic analysis were used to study and summarizescientific papers on the research topic. The results of the work. The essence of theuniversity’s economic security management system has been reviewed. The maintasks of the control system have been identified. A definition of the university’seconomic security system has been proposed. Principles of management of economicsecurity of the university have been formulated. These are: scientific andorganizational and social principles. Conclusions. The proposed principles allow totake into account the economic role and social mission of universities in managingeconomic security.


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