When the Internet was created it did not include any protocol for identifying the person behind the computer. Instead, the act of identification has primarily been established by trusting a third party. But, the rise of Distributed Ledger Technology has made it possible to authenticate a digital identity and build trust without the need of a third party. The Swedish Maritime Administration are currently validating a new maritime digital infrastructure for the maritime transportation industry. The goal is to reduce the number of accidents, fuel consumption and voyage costs. Involved actors has their identity stored in a central registry that relies on the trust of a third party. This thesis investigates how a conversion from the centralized identity registry to a decentralized identity registry affects the usability and the risk for compromised data integrity. This is done by implementing a Proof of Concept of a decentralized identity registry that replaces the current centralized registry, and comparing them. The decentralized Proof of Concept’s risk for compromised data integrity is 95.1% less compared with the centralized registry, but this comes with a loss of 53% in efficiency.

This thesis aims to explore the compliance of blockchain technology and the GDPR. The GDPR was implemented for the EU member states in May 2018 with the purpose of harmonizing data protection regulation. However, the regulation is based on the notion that data is stored and processed in a centralized system. This causes an issue when it comes to distributed networks, and in particular with the distributed ledger technology (DLT), the underlying technology of blockchain. For this thesis, a literature review has been conducted to investigate the problems of GDPR compliance for blockchain projects, and what technical solutions exist to make a blockchain solution more GDPR compliant. In addition, interviews have been conducted to investigate the technical and legal perspectives on the current and future situations of regulation and technology. Compatibility problems mainly concern the immutability and transparency of a blockchain and examples of technical solutions that handle those problems can be found in the literature. Nevertheless, none of the discussed solutions are yet to guarantee full GDPR compliance. The technical and legal perspectives share ideas of the main compliance issues. However, differences such as interpretation of technical details can be identified, indicating problems to arise when regulating blockchains in the future. Further interdisciplinary work on guidelines for the GDPR is necessary for blockchain projects to be successful in complying with the regulation as well as to strengthen the technology neutrality of the GDPR.

The issue of food traceability is one that affects a great number of sectors and policy areas. Within the EU, there is increasing demand from consumers, businesses and institutions to have more direct access to information about how food is produced, transformed, and distributed. Currently, however, practices in the industry are very much open to human error. Databases are highly vulnerable to inaccuracies and hacking, as well as deliberate faults caused by corruption or fraudulent conduct. With food traceability being so closely related to trade and public health issues, there is arguably increasing incentive for the EU to seek alternative tools to increase transparency and accountability throughout supply chains. Consequently, this paper will examine a possible alternative to current practices by evaluating the applicability of 'blockchain' technology, namely a system of digitised, decentralised ledgers, which could allow key stakeholders to access information about the provenance of food immediately, comprehensively and securely. The analysis will focus specifically on Extra Virgin Olive Oil (EVOO), one of the most adulterated products in the food industry, identifying gaps and opportunities in current traceability systems. The research question tackled in this paper, therefore, may be formulated as follows: how and to what extent could blockchain technology constitute a sustainable solution for improving the traceability of EVOO within the EU? The paper begins with a brief overview of the issue and an explanation of the research methodology used, followed by an elaboration of key terms and concepts and a detailed explanation of the principles underlying blockchain technology. Subsequently, the key challenges and opportunities associated with blockchain-based traceability systems are examined through a case study, followed by an analysis aimed at assessing the sustainability of blockchain solutions for the EVOO sector. The conclusion, lastly, provides an overview of relevant findings and proposes a final assessment.

Creating standardized infrastructures for new technologies has become a frequent event in recent years, forcing competing firms to together collaborate in order to develop and mutually agree on a common standard. This is due to technologies such as blockchain (distributed ledger) technology that need interoperability to reach its full potential, making the collaboration aspect crucial for organizations that want to adapt to the technology. Therefore, this study’s purpose is to identify and analyze the challenges of creating such a standardized infrastructure. A case study was used to analyze these challenges, which involved experts of blockchain technology and three Nordic banks connected to the blockchain consortium R3. First, a pre-study took place with the help of blockchain experts, who helped identify potential problems regarding blockchain (distributed ledger) technology. Secondly, a main study was conducted consisting of four interviews with key persons representing the banks, in addition to collecting secondary data via news articles, and press releases. With the help of co-opetition theory and a technical description of blockchain (distributed ledger) technology, an analytical model was developed to support the analysis of the data collection. The analysis focus on aspects of co-opetition drivers, co-opetition capabilities, co-opetition dynamics and blockchain aspects, which were used to showcase the challenges of collaborating on creating a standardized infrastructure. The result of this study highlights the importance of learning and educational aspects, the size of a cooperation and threats from other competing solutions, which generates challenges. In addition to the identified challenges, this study has also contributed to an understanding of how these aspects can come to affect a collaboration.

Inspired by the digital revolution to the financial industry, the discussion around central bank digital currency also attract attention from academics and central banks. The People’s Bank of China (PBOC) is also researching on China’s CBDC: digital currency electronic payment (DCEP) and announced that DCEP would be issued as soon as possible.  However, the PBOC does not systematically disclose the information of DCEP. The characteristics and mechanism design are still obscured and need to be explored deeply. This thesis analysed the classification and mechanism design choices of DCEP from the perspective of two different demands: general demand and central bank demand. Based on pragmatism philosophy, we use a mixed-methods approach that is a combination of qualitative and quantitative research. Through the interview and surveys, we identified the demands from the PBOC and the general public in China and the characteristics of DCEP from official claims. Then generate the design choices via the money flower and the pyramid of CBDC models and compare the result with the demand. The analysis shows that the DCEP belongs to type B general-purpose CB digital tokens, and it would adopt a complex multi-layer hybrid architecture design, with the support from both DLT and conventional way. In conclusion, the current mechanism design choices can meet the demands from each side to a certain extent and reached a delicate balance under the trade-off between privacy and security issues. This thesis provides an insightful view on the classification and design choices of DCEP, fulfils the lack of systematic research relating to the demand and design choices of DCEP, and reveals the public’s insufficient knowledge in DCEP.

Centralized data storage and reconciliation by trusted intermediaries has historically put financial systems in the hands of a single central parties. The emergence of bitcoin and blockchain, combined with the 2008 financial crisis, has shifted the Swedish financial sector’s traditional perspectives on democratization, centralization, transparency and automation. Trade and export finance is one of many sectors investigating how blockchain and distributed ledger technology can be used other than as a digital currency system. Swedish trade and export finance connects importers, exporters, banks, credit providers, customs, and transporters into a fragmented and complex process with many stakeholders. Sweden further has a history of quickly adopting technological innovations. Banks therefore face a dynamic environment and an inconsistent, manual operative process that removes profitability incentives in providing small enterprises with credit. The adoption of DLT could provide efficiency gains and cost savings in administration, communication, reconciliation and accounting. In this thesis, the costs, benefits, and remaining barriers of implementing distributed ledger technology in Swedish trade finance are identified. Further, Swedish contextual factors’ effect on the rate of adoption is addressed. The chosen methodology of deep interviews and thorough studying of literature provides an assessment of the potential transition dynamics, forming a foundation for future investment decisions. The conclusions drawn suggest that the main costs related to adoption lie in research and development and implementation. R&D costs for distributed ledgers in the Swedish financial sector during 2019 were approximated to USD 40 million. The main benefits of automation, efficiency and reduced level of complexity were concluded to likely outweigh the costs within approximately ten to twenty years. Experience will allow companies to optimize governance structures and consensus mechanisms, while learning to expose parts of networks into public space. The innovative, adaptive Swedish market environment presumably enables faster than average diffusion of innovation, while remaining barriers in cooperation, trust, interoperability and regulation may extend the adoption process

No description available.

This study has the purpose to investigate the existing state of adoption of blockchain technology in higher education, exploring the obstacles, and potential associated with its implementation to provide an updated and concise overview of the challenges and assess the feasibility of adopting blockchain in higher education.This research includes a literature review to examine the current status of blockchain in higher education. Additionally, a qualitative approach involving semi-structured interviews is utilized to gain an in-depth understanding of blockchain adoption, the potential challenges of its adopting, and its prospects within higher education by investigating the perspective of the interviewed academic community.Furthermore, the TOE framework is used to categorize adoption challenges into technical, organizational, and environmental dimensions. Challenges identified include technical complexity, resistance to change, financial constraints, perception of immaturity, lack of awareness, limited interoperability, insufficient skills, inadequate organizational support, regulatory compliance, cultural factors, and ecosystem readiness.Besides, the TAM is utilized to highlight the potential of blockchain based on respondents’views. It also explores how challenges from the TOE framework impact users’ perceptions of blockchain’s ease of use and usefulness in higher education. The overall findings indicate that adopting blockchain in higher education presents challenges such as resistance to change, cost concerns, lack of awareness, cryptocurrency bias, technical complexity, regulatory compliance, and ecosystem readiness.As a consequence, considering the identified level of readiness of universities to embrace new technologies, it is evident that blockchain is still in its early stages of recognition in higher education. However, its potential benefits are suggested such as reducing bureaucracy, enhancing communication and collaboration, improving payment systems, and ensuring secure document storage. It will require time for the full potential of blockchain to be acknowledged and accepted within the field of higher education

[pt] Blockchain e Tangle são estruturas de dados usadas para criar um registro público imutável de dados segurados por uma rede de participantes peer-to-peer que mantém um conjunto de registros de dados em constante crescimento conhecidos como ledgers. As tecnologias Blockchain e Tangle são uma solução descentralizada que garante a troca de grandes quantidades de mensagens confiáveis, entre bilhões de dispositivos de IoT conectados, os quais são muito valiosos, desde que sejam válidos e completos. Esse mecanismo de mensagens peer-to-peer altamente criptografado e seguro é adotado neste projeto para gerenciar o processamento de transações de IoT e a coordenação entre os dispositivos que interagem com o processo. Para manter as transações privadas e seguras, os algoritmos de consenso distribuídos são responsáveis por validar e escolher as transações e registrá-las no ledger global. Os resultados mostraram que a velocidade dos algoritmos de consenso pode afetar a criação em tempo real de histórias confiáveis que rastreiam os eventos das redes IoT. Após incorporar o Processamento de Eventos Complexos, que permite selecionar apenas os eventos de alto nível, é possível obter uma melhoria em muitas situações. O resultado é um sistema Middleware que fornece framework para a construção de aplicativos de larga escala onde podem usar Processamento de Eventos Complexos e diferentes ledgers descentralizados, como o blockchain da Ethereum ou IOTA Tangle, para armazenamento seguro de dados. / [en] Blockchain and Tangle are data structures and protocols used to create an immutable public record of data ensured by a network of peer-to-peer participants that maintain a monotonic constantly growing set of data records known as ledgers. Both technologies provide a decentralized solution that guarantees the exchange, among billions of IoT devices, of large amounts of trusted messages, which are very valuable as long as they are valid and complete. This highly encrypted and secure peer-to-peer messaging mechanism is adopted in this project to manage the processing of IoT transactions. To maintain transactions private, and secured consensus algorithms are responsible for validating and choosing transactions and recording them in the global ledger. The results showed that the speed of the consensus algorithms can affect the creation in real-time of reliable stories that track the events of the IoT networks. After incorporating Complex Event Processing that allows selecting only those high-level events, it is possible to obtain an improvement in many situations. The result is a Middleware system that provides a framework for the construction of large-scale computer applications that use Complex Events Processing and different decentralized ledgers such as the blockchain of Ethereum or IOTA Tangle, for secure data storage.

Handeln med finansiella instrument har effektiviserats avsevärt under de senaste decennierna tack vare den tekniska utvecklingen och internationaliseringen. Pappersbaserade värdepapper har ersatts av digitala finansiella instrument och investerare kan numera på ett enkelt sätt skapa värdepappersportföljer innehållande komplexa värdepapper från hela världen. En välfungerande och effektiv handel med finansiella instrument förutsätter att förtroendet existerar mellan aktörer på finansiella marknader. Idag säkerställs förtroendet inom finansiella marknader av ett antal olika finansiella intermediärer, vilka ansvarar för olika funktioner såsom clearing, avveckling och kontoföring. Transaktionskedjan avseende finansiella instrument består därmed av flera nivåer och varje enskild transaktion måste genomgå samtliga nivåer. Den finansiella handeln har ökat betydligt i omfattningen och ett betydande antal transaktioner är numera gränsöverskridande. Detta har resulterat i ett tämligen komplext, sammanlänkat och sårbart system, vilket bland annat har synliggjorts under den senaste finanskrisen år 2008.     Blockkedjeteknologi, vilken är en typ av Distributed Ledger Technology, kan något förenklat ses som en databas eller ett transaktionsregister. Till skillnad från traditionella transaktionsregister, vilka i regel är centraliserade och förvaltas av olika intermediärer, bygger den nya teknologin på ett decentraliserat nätverk av aktörer utan att någon tredje part är ansvarig för verifiering av transaktioner. Blockkedjeteknologin introducerar därmed ett nytt sätt att genomföra transaktioner med digitala tillgångar, genom att förtroendet säkerställs med hjälp av kryptografiska lösningar och ett decentraliserat nätverk. Blockkedjeteknologin anses av många ha en betydande potential att effektivisera transaktionskedjan avseende finansiella instrument genom att exempelvis automatisera förandet av transaktionsregister samt integrera de olika nivåerna inom transaktionskedjan. Tekniken är dock fortfarande i en utvecklingsfas och många olika utmaningar återstår innan tekniken kan komma till användning. I Sverige präglas transaktionskedjan avseende finansiella instrument dessutom av strikta regleringar, varför frågan uppstår om huruvida lösningar baserade på blockkedjetekniken är förenliga med dagens rättsliga ramar.   I denna uppsats diskuteras huruvida och på vilket sätt blockkedjeteknologin skulle kunna effektivisera vissa funktioner inom transaktionskedjan avseende finansiella instrument samt vilka rättsliga frågeställningar som uppstår i samband med tillämpning av den nya tekniken utifrån dagens rättsläge i Sverige.