Articles

Utilization of Blockchain and the Roles of Banks in Indonesia in Tackling Environmental Challenges: A Qualitative Research

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This dissertation investigates the readiness of the blockchain technology to be utilized in the upcoming Indonesia’s Emissions Trading Scheme, also the roles of banks and digital banks in the ETS using PESTEL analysis. The study found that Indonesia still lacks the infrastructure to implement the blockchain technology, while banks in Indonesia has huge roles in the scheme including preparing the infrastructure. With a large and growing population, Indonesia has the potential to develop the human resources necessary for blockchain development. However, finding skilled programmers remains difficult. The relationship between blockchain and the environment is also examined, with experts debating its potential benefits and drawbacks. In addition, the thesis analyzes Indonesia’s efforts to mitigate and adapt to climate change, including its participation in international agreements and infrastructure improvements. Finally, the thesis considers the role of financial institutions in promoting emissions trading and the challenges they face in doing so. Overall, the thesis highlights the complex and interconnected factors that influence the adoption and development of blockchain technology in Indonesia.

Islamic Finance and Blockchain: A Bibliometric Analysis

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The Covid-19 pandemic is causing the digital economy to expand quickly. The development of Islamic finance employing Islamic financial technology should see this technology and the burgeoning digital economy as a problem and an opportunity. One of the most sophisticated acceleration development products is blockchain, and become Islamic finance’s most challenging product. There are still pros and cons to using blockchain in Islamic financial products. In terms of transparency and high trust level, the value of blockchain is similar to those of Islamic financial value. It’s critical to have this opportunity to speed up Islamic finance development. The main problem is that there are still very limited studies about Islamic finance and blockchain. With this study, we will conduct a bibliometric analysis of the publications we published from 2012-2022 about Islamic finance and blockchain through Scopus and google scholar. This study uses the Vos viewer program to see the number of publications, co-authorship authors, co-authorship institutions, co-authorship countries, and keywords. In Scopus, only 24 papers have discussed Islamic finance and blockchain in the last ten years. However, there are more papers on google scholar, but they are still not as specified as in Scopus. There are still many opportunities to have more research in this field.

A Peer-to-Peer File Storage System Using Blockchain and Interplanetary File System

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People’s lives have been profoundly impacted by the headway of innovation which has worked on their lives from each viewpoint. Clearly, innovation assumes a significant part in each circle of life and information stockpiling and sharing is a significant part of it. Current information sharing and storage devices depend on trusted third parties (TTP) and because of the contribution of third parties, such frameworks need straightforwardness, security, trust and strength. To solve these issues, this paper proposes a blockchain-based secure information sharing application by consolidating the highlights of IPFS and Ethereum. In this proposed scheme ethereum blockchain, decentralized storage, encryption and IPFS are combined to build an application that maximizes the technological resources and provide with an effective storage website ,Ethereum blockchain, decentralized capacity, encryption, and InterPlanetary File System are consolidated to assemble an application that boosts the innovative assets and gives a viable storage site. To carry out the proposed situation, smart contracts are written in solidity and sent on the nearby Ethereum test network. The proposed plot accomplishes security, transparency, legitimacy of owner, access control and nature of information.

Land Holding Using Blockchain

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Blockchain has been found of great use in various sectors and this technology promises much more because of the high level of security it provides and blockchain provides us trade without the need of any mediators so Land holding system seems to be a very promising area of interest.
All the countries around the world are now implementing blockchain in the area of land registrations in India, we should also consider it as a viable option. The blockchain has provided major security benefits in diverse fields. Therefore, this land holding system is implemented using a blockchain architecture.
In India main problems in traditional land holding system include space constraints, fraud in land registry, lack of uniformity and poor maintenance of land records, lack of single window title verification and investigation system, fear of destruction of records by force majeure events. Therefore, a blockchain is prepared to aid these problems in order to solve these problems we have analyzed, identified and developed an application with the help of blockchain smart contracts. In this paper we are developing a land holding System to encounter the problems in traditional systems.

Management of Blockchain Based Hybrid P2P Energy Trading Market

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In the local energy trade market peer to peer energy trading and generation of local energy can condense the cost of energy consumption and harmful gases emission ( results in to generate the energy at consumer’s end the renewable energy sources are used) and rise the resilience of smart grid. However, privacy issues and trust may available in the trading of local energy with peers. To manage the energy trading a centralized system can be utilized but it faces the several issues and also it promotes the overall system cost. In this tabloid, based on the blockchain system a hybrid P2P energy trading market is proposed. This system totally decentralized and this system allows that members in trading market can able to interact with each other member and can able to trade the energy without the third party involvement. In the blockchain based energy exchange market the smart agreements play a vital role. Smart agreements follows the all the essential rules in the energy trading. To develop the hybrid electricity exchange market the 3 smart agreements are proposed in this tabloid. The three smart agreements are Main Smart agreement, P2P smart agreement and Producer to Grid smart agreement. Initially the market member interacts with main smart agreement and for further process it follows the other 2 smart agreements. The implementation of an efficient hybrid energy exchange market is the main objective of this tabloid and also reduces the cost of energy and peak to average ratio of electricity.