Converging Blockchain and Social Business for Socio-Economic Development

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

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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.
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
ISBN (Trykt)9781538650363
ISBN (Elektronisk)9781538650349, 9781538650356
StatusUdgivet - 2019
Begivenhed2018 IEEE International Conference on Big Data - The Westin Seattle, Seattle, USA
Varighed: 10 dec. 201813 dec. 2018
Konferencens nummer: 6


Konference2018 IEEE International Conference on Big Data
LokationThe Westin Seattle

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  • Blockchain technology
  • Social business
  • Conceptual design


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. 3039-3048). [8622238] Los Alamos, CA: IEEE.