Converging Blockchain and Social Business for Socio-Economic Development

Raghava Rao Mukkamala, Ravi Vatrapu, Pradeep Kumar Ray, Gora Sengupta, Sankar Halder

Publikation: Kapitel i bog/rapport/konferenceprocesKonferencebidrag i proceedingsForskningpeer review

Resumé

In recent years, there has been a growing research attention and practitioner interest in exploring the suitability of Blockchain technology for decentralised applications in multiple domains. This paper investigates the application of Blockchain technology to address some of the key challenges faced by the domain of Social Business (SB). SB is a business model for investments in social causes for the socio-economic development of underprivileged communities. We have modelled a small example of microcredit use-case from microfinance activities of SB using a semi-formal modelling approach using Blockchain technology. We identified that the Blockchain technology provide solutions that enhance trust, transparency and auditability in SB activities. However, we have also identified challenges related to creating a native cryptocurrency for SB, and barriers to infrastructure and technology adoption by the different stakeholders in SB.
In recent years, there has been a growing research attention and practitioner interest in exploring the suitability of Blockchain technology for decentralised applications in multiple domains. This paper investigates the application of Blockchain technology to address some of the key challenges faced by the domain of Social Business (SB). SB is a business model for investments in social causes for the socio-economic development of underprivileged communities. We have modelled a small example of microcredit use-case from microfinance activities of SB using a semi-formal modelling approach using Blockchain technology. We identified that the Blockchain technology provide solutions that enhance trust, transparency and auditability in SB activities. However, we have also identified challenges related to creating a native cryptocurrency for SB, and barriers to infrastructure and technology adoption by the different stakeholders in SB.
SprogEngelsk
TitelProceedings of the 2018 IEEE International Conference on Big Data
RedaktørerNaoki Abe, Huan Liu, Calton Pu, Xiaohua Hu, Nesreen Ahmed, Mu Qiao, Yang Song, Donald Kossmann, Bing Liu, Kisung Lee, Jiliang Tang, Jingrui He, Jeffrey Saltz
Antal sider10
Udgivelses stedLos Alamos, CA
ForlagIEEE
Dato2019
Sider3038-3047
ISBN (Trykt)9781538650363
ISBN (Elektronisk)9781538650349, 9781538650356
DOI
StatusUdgivet - 2019
Begivenhed2018 IEEE International Conference on Big Data - The Westin Seattle, Seattle, USA
Varighed: 10 dec. 201813 dec. 2018
Konferencens nummer: 6
http://cci.drexel.edu/bigdata/bigdata2018/index.html

Konference

Konference2018 IEEE International Conference on Big Data
Nummer6
LokationThe Westin Seattle
LandUSA
BySeattle
Periode10/12/201813/12/2018
Internetadresse

Bibliografisk note

CBS Bibliotek har ikke adgang til materialet

Emneord

  • Blockchain technology
  • Social business
  • Conceptual design

Citer dette

Mukkamala, R. R., Vatrapu, R., Ray, P. K., Sengupta, G., & Halder, S. (2019). Converging Blockchain and Social Business for Socio-Economic Development. I N. Abe, H. Liu, C. Pu, X. Hu, N. Ahmed, M. Qiao, Y. Song, D. Kossmann, B. Liu, K. Lee, . J. Tang, J. He, ... J. Saltz (red.), Proceedings of the 2018 IEEE International Conference on Big Data (s. 3038-3047). Los Alamos, CA: IEEE. DOI: 10.1109/BigData.2018.8622238
Mukkamala, Raghava Rao ; Vatrapu, Ravi ; Ray, Pradeep Kumar ; Sengupta, Gora ; Halder, Sankar. / Converging Blockchain and Social Business for Socio-Economic Development. Proceedings of the 2018 IEEE International Conference on Big Data. red. / Naoki Abe ; Huan Liu ; Calton Pu ; Xiaohua Hu ; Nesreen Ahmed ; Mu Qiao ; Yang Song ; Donald Kossmann ; Bing Liu ; Kisung Lee ; Jiliang Tang ; Jingrui He ; Jeffrey Saltz. Los Alamos, CA : IEEE, 2019. s. 3038-3047
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abstract = "In recent years, there has been a growing research attention and practitioner interest in exploring the suitability of Blockchain technology for decentralised applications in multiple domains. This paper investigates the application of Blockchain technology to address some of the key challenges faced by the domain of Social Business (SB). SB is a business model for investments in social causes for the socio-economic development of underprivileged communities. We have modelled a small example of microcredit use-case from microfinance activities of SB using a semi-formal modelling approach using Blockchain technology. We identified that the Blockchain technology provide solutions that enhance trust, transparency and auditability in SB activities. However, we have also identified challenges related to creating a native cryptocurrency for SB, and barriers to infrastructure and technology adoption by the different stakeholders in SB.",
keywords = "Blockchain technology, Social business, Conceptual design, Blockchain technology, Social business, Conceptual design",
author = "Mukkamala, {Raghava Rao} and Ravi Vatrapu and Ray, {Pradeep Kumar} and Gora Sengupta and Sankar Halder",
note = "CBS Library does not have access to the material",
year = "2019",
doi = "10.1109/BigData.2018.8622238",
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Mukkamala, RR, Vatrapu, R, Ray, PK, Sengupta, G & Halder, S 2019, Converging Blockchain and Social Business for Socio-Economic Development. i N Abe, H Liu, C Pu, X Hu, N Ahmed, M Qiao, Y Song, D Kossmann, B Liu, K Lee, J Tang, J He & J Saltz (red), Proceedings of the 2018 IEEE International Conference on Big Data. IEEE, Los Alamos, CA, s. 3038-3047, 2018 IEEE International Conference on Big Data, Seattle, USA, 10/12/2018. DOI: 10.1109/BigData.2018.8622238

Converging Blockchain and Social Business for Socio-Economic Development. / Mukkamala, Raghava Rao; Vatrapu, Ravi; Ray, Pradeep Kumar; Sengupta, Gora; Halder, Sankar.

Proceedings of the 2018 IEEE International Conference on Big Data. red. / Naoki Abe; Huan Liu; Calton Pu; Xiaohua Hu; Nesreen Ahmed; Mu Qiao; Yang Song; Donald Kossmann; Bing Liu; Kisung Lee; Jiliang Tang; Jingrui He; Jeffrey Saltz. Los Alamos, CA : IEEE, 2019. s. 3038-3047.

Publikation: Kapitel i bog/rapport/konferenceprocesKonferencebidrag i proceedingsForskningpeer review

TY - GEN

T1 - Converging Blockchain and Social Business for Socio-Economic Development

AU - Mukkamala,Raghava Rao

AU - Vatrapu,Ravi

AU - Ray,Pradeep Kumar

AU - Sengupta,Gora

AU - Halder,Sankar

N1 - CBS Library does not have access to the material

PY - 2019

Y1 - 2019

N2 - In recent years, there has been a growing research attention and practitioner interest in exploring the suitability of Blockchain technology for decentralised applications in multiple domains. This paper investigates the application of Blockchain technology to address some of the key challenges faced by the domain of Social Business (SB). SB is a business model for investments in social causes for the socio-economic development of underprivileged communities. We have modelled a small example of microcredit use-case from microfinance activities of SB using a semi-formal modelling approach using Blockchain technology. We identified that the Blockchain technology provide solutions that enhance trust, transparency and auditability in SB activities. However, we have also identified challenges related to creating a native cryptocurrency for SB, and barriers to infrastructure and technology adoption by the different stakeholders in SB.

AB - In recent years, there has been a growing research attention and practitioner interest in exploring the suitability of Blockchain technology for decentralised applications in multiple domains. This paper investigates the application of Blockchain technology to address some of the key challenges faced by the domain of Social Business (SB). SB is a business model for investments in social causes for the socio-economic development of underprivileged communities. We have modelled a small example of microcredit use-case from microfinance activities of SB using a semi-formal modelling approach using Blockchain technology. We identified that the Blockchain technology provide solutions that enhance trust, transparency and auditability in SB activities. However, we have also identified challenges related to creating a native cryptocurrency for SB, and barriers to infrastructure and technology adoption by the different stakeholders in SB.

KW - Blockchain technology

KW - Social business

KW - Conceptual design

KW - Blockchain technology

KW - Social business

KW - Conceptual design

U2 - 10.1109/BigData.2018.8622238

DO - 10.1109/BigData.2018.8622238

M3 - Article in proceedings

SN - 9781538650363

SP - 3038

EP - 3047

BT - Proceedings of the 2018 IEEE International Conference on Big Data

PB - IEEE

CY - Los Alamos, CA

ER -

Mukkamala RR, Vatrapu R, Ray PK, Sengupta G, Halder S. Converging Blockchain and Social Business for Socio-Economic Development. I Abe N, Liu H, Pu C, Hu X, Ahmed N, Qiao M, Song Y, Kossmann D, Liu B, Lee K, Tang J, He J, Saltz J, red., Proceedings of the 2018 IEEE International Conference on Big Data. Los Alamos, CA: IEEE. 2019. s. 3038-3047. Tilgængelig fra, DOI: 10.1109/BigData.2018.8622238