References of "Khan, Nida 50026438"
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See detailBlockchain-based Micropayment Systems: Economic Impact
Khan, Nida UL; Ahmad, Tabrez; State, Radu UL

in ACM IDEAS '19 Proceedings of the 23rd International Database Engineering & Applications Symposium (in press)

The inception of blockchain catapulted the development of innovative use cases utilizing the trustless, decentralized environment, empowered by cryptocurrencies. The envisaged benefits of the technology ... [more ▼]

The inception of blockchain catapulted the development of innovative use cases utilizing the trustless, decentralized environment, empowered by cryptocurrencies. The envisaged benefits of the technology includes the divisible nature of a cryptocurrency, that can facilitate payments in fractions of a cent, enabling micropayments through the blockchain. Micropayments are a critical tool to enable financial inclusion and to aid in global poverty alleviation. The paper conducts a study on the economic impact of blockchain-based micropayment systems, emphasizing their significance for socioeconomic benefit and financial inclusion. The paper also highlights the contribution of blockchain-based micropayments to the cybercrime economy, indicating the critical need of economic regulations to curtail the growing threat posed by the digital payment mechanism. [less ▲]

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See detailLightning Network: A Comparative Review of Transaction Fees and Data Analysis
Khan, Nida UL; State, Radu UL

in Springer International Congress on Blockchain and Applications (in press)

Blockchain is a revolutionary, immutable database disrupting the finance industry with a potential to provide payments in a secure environment, unhindered by intermediaries. However, scalability and ... [more ▼]

Blockchain is a revolutionary, immutable database disrupting the finance industry with a potential to provide payments in a secure environment, unhindered by intermediaries. However, scalability and throughput issues plague the technology and prevent it's mass scale adoption. The paper focusses on Lightning Network, the off-chain, scalable and high throughput payment solution from Bitcoin. A comparison is conducted to highlight the fee incurred for payment transactions through Lightning Network, Raiden, Stellar, Bitcoin and conventional payment systems to assess its viability as a blockchain-based payment sys-tem. The paper also provides an analysis of the data of Lightning Network, to give a global overview of its usage and reachability. [less ▲]

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See detailFeasibility Analysis of Blockchain for Donation-based Crowdfunding of Ethical Projects
Khan, Nida UL; Ouaich, Rachid

in Springer Smart Technologies and Innovation for a Sustainable Future. Advances in Science, Technology & Innovation (IEREK Interdisciplinary Series for Sustainable Development). (2019)

Donation is a necessary social tool that is plagued by many inherent shortcomings. A novel model in the form of a decentralized app was designed in the Ethereum blockchain to solve the challenges present ... [more ▼]

Donation is a necessary social tool that is plagued by many inherent shortcomings. A novel model in the form of a decentralized app was designed in the Ethereum blockchain to solve the challenges present and optimize the process of Zakaah donation. Load and stress tests on the prototype of the smart contract in the public testnet of Ethereum were analyzed to gauge the feasibility of mass usage. Similar tests were done in Hyperledger to conclude on the optimum blockchain platform for Zakaah. An anomaly was detected during the testing phase of the decentralized app in the public testnet of Ethereum and it was exploited to propose a novel strategy to enhance the throughput of Ethereum. The testing is a pioneer in evaluating the throughput and feasibility of a blockchain based financial product and provides a benchmark to validate the business and technical hypotheses of other similar financial products and services. [less ▲]

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See detailFAST: A MapReduce Consensus for High Performance Blockchains
Khan, Nida UL

in BlockSys'18 Proceedings of the 1st Workshop on Blockchain-enabled Networked Sensor Systems (2018, November 04)

Blockchain platforms when used as a database for IoT systems can resolve data reliability fault-tolerance, consistency and non-repudiation issues. However, their inherent shortcomings related to their ... [more ▼]

Blockchain platforms when used as a database for IoT systems can resolve data reliability fault-tolerance, consistency and non-repudiation issues. However, their inherent shortcomings related to their throughput in terms of processed transactions, limit their applicability in such environments in a decentralized way as the underlying network is unable to sustain high workloads. In this paper a fully decentralized high performance consensus mechanism, named FAST, is proposed for a public blockchain. FAST is based on mapreduce paradigm for aggregating and adding transactions on blockchain blocks. FAST was implemented and evaluated in a basic blockchain prototype. A light client for FAST using IPFS, was developed to bring about a reduction in the data stored locally. The obtained results from tests conducted on the prototype depict that FAST exceeds the performance of not just other existing blockchain platforms but comes very close to the throughput of traditional electronic payment networks such as Visa. [less ▲]

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See detailTowards a Management Plane for Smart Contracts: Ethereum Case Study
Khan, Nida UL; Lahmadi, Abdelkader; Francois, Jerome et al

in NOMS 2018 - 2018 IEEE/IFIP Network Operations and Management Symposium (2018)

Blockchain is an emerging foundational technology with the potential to create a novel economic and social system. The complexity of the technology poses many challenges and foremost amongst these are ... [more ▼]

Blockchain is an emerging foundational technology with the potential to create a novel economic and social system. The complexity of the technology poses many challenges and foremost amongst these are monitoring and management of blockchain-based decentralized applications. In this paper, we design, implement and evaluate a novel system to enable management operations in smart contracts. A key aspect of our system is that it facilitates the integration of these operations through dedicated ’managing’ smart contracts to provide data filtering as per the role of the smart contract-based application user. We evaluate the overhead costs of such data filtering operations after post-deployment analyses of five categories of smart contracts on the Ethereum public testnet, Rinkeby. We also build a monitoring tool to display public blockchain data using a dashboard coupled with a notification mechanism of any changes in private data to the administrator of the monitored decentralized application. [less ▲]

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See detailBlockchain Technology - Arsenal for a Shariah-Compliant Financial Ecosystem
Lacasse, Richard-Marc; Lambert, Berthe; Khan, Nida UL

in Journal of Business and Economics (2017, December 05)

The authors’ first challenge is to decipher the complexity of Islamic Finance despite the opacity of the sector. A second focal point is the agent’s agenda; in the Islamic Finance industry, contributors ... [more ▼]

The authors’ first challenge is to decipher the complexity of Islamic Finance despite the opacity of the sector. A second focal point is the agent’s agenda; in the Islamic Finance industry, contributors mandate intermediaries (agents) to transfer their contributions to social causes according to the Shariah; in principle, Islamic financial institutions must create value for their stakeholders by offering Shariah-compliant products and services. An underlying assumption of agency theory is that agents attempt to maximize their personal welfare and compensation, but such behaviour may not always be in the best interests of other stakeholders, and an analysis of the agent’s agenda can help explain how agents can fall off the pedestal of altruism. Relationships between Islamic banks and three key stakeholders (contributors, beneficiaries and regulators) are also explored via a complexity-aware monitoring process. Contributors provide funds to an Islamic bank (agent), and in return, the agent should be accountable to the contributors, but the form and degree of accountability can vary depending on the organization’s mission. There are many unanswered questions regarding the monitoring process. One objective of the article is to consider whether agents act in the best interests of the stakeholders. Finally, the authors explore the following question: Can blockchain technology and smart contracts support and enhance the transparency feature, which is the core underlying principle of all transactions in the Islamic Finance industry? A qualitative research framework was adopted because of the constraints of the enigmatic, secretive Islamic Finance culture. [less ▲]

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