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A survey on blockchain security and its impact analysis

The blockchain is an emerging and potential technology with consideration of its security control mechanism, immutability, transparency, traceability, and reconciliation process which already has created hype in the different sectors like healthcare, education, supply chain, and especially more focu...

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Main Authors: Islam, Md. Rafiqul, Rashid, Muhammad Mahbubur
Format: Proceeding Paper
Language:English
English
Published: IEEE 2023
Subjects:
TJ212 Control engineering
Online Access:http://irep.iium.edu.my/107043/1/107043_A%20survey%20on%20blockchain%20security.pdf
http://irep.iium.edu.my/107043/7/107043_A%20survey%20on%20blockchain%20security%20and%20its%20impact%20analysis_SCOPUS.pdf
http://irep.iium.edu.my/107043/
https://ieeexplore.ieee.org/abstract/document/10246031
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spelling my.iium.irep.1070432024-02-01T11:00:12Z http://irep.iium.edu.my/107043/ A survey on blockchain security and its impact analysis Islam, Md. Rafiqul Rashid, Muhammad Mahbubur TJ212 Control engineering The blockchain is an emerging and potential technology with consideration of its security control mechanism, immutability, transparency, traceability, and reconciliation process which already has created hype in the different sectors like healthcare, education, supply chain, and especially more focused on cross-border payment in the financial sector. However, most of the blockchain applications which presently exist in the market, are still facing security issues like scalability, network security, data privacy, private and public key management system, and smart contract vulnerabilities. To measure these security issues, a detailed survey was conducted among the blockchain application users and developers with 37 questionaries which are highlighted in section III, Table III. Based on the survey data, this study also found that 15.85% of users were happy with the existing security system, 9.15% of users gave their opinion with no comments, and the remaining 72% of users highly recommended the enhancement of the blockchain security system. There is also a details impact analysis that has been done on financial, production, brand image, intellectual property rights, and regulatory penalties which is severe. However, in this paper, a new concept about the blockchain security survey and impact analysis has been used which will help to build a secured blockchain application system as well as it will help the researchers to continue and enhance the blockchain security system. IEEE 2023-09-15 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/107043/1/107043_A%20survey%20on%20blockchain%20security.pdf application/pdf en http://irep.iium.edu.my/107043/7/107043_A%20survey%20on%20blockchain%20security%20and%20its%20impact%20analysis_SCOPUS.pdf Islam, Md. Rafiqul and Rashid, Muhammad Mahbubur (2023) A survey on blockchain security and its impact analysis. In: 2023 9th International Conference on Computer and Communication Engineering (ICCCE), Kuala Lumpur, Malaysia. https://ieeexplore.ieee.org/abstract/document/10246031 10.1109/ICCCE58854.2023.10246031
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic TJ212 Control engineering
spellingShingle TJ212 Control engineering
Islam, Md. Rafiqul
Rashid, Muhammad Mahbubur
A survey on blockchain security and its impact analysis
description The blockchain is an emerging and potential technology with consideration of its security control mechanism, immutability, transparency, traceability, and reconciliation process which already has created hype in the different sectors like healthcare, education, supply chain, and especially more focused on cross-border payment in the financial sector. However, most of the blockchain applications which presently exist in the market, are still facing security issues like scalability, network security, data privacy, private and public key management system, and smart contract vulnerabilities. To measure these security issues, a detailed survey was conducted among the blockchain application users and developers with 37 questionaries which are highlighted in section III, Table III. Based on the survey data, this study also found that 15.85% of users were happy with the existing security system, 9.15% of users gave their opinion with no comments, and the remaining 72% of users highly recommended the enhancement of the blockchain security system. There is also a details impact analysis that has been done on financial, production, brand image, intellectual property rights, and regulatory penalties which is severe. However, in this paper, a new concept about the blockchain security survey and impact analysis has been used which will help to build a secured blockchain application system as well as it will help the researchers to continue and enhance the blockchain security system.
format Proceeding Paper
author Islam, Md. Rafiqul
Rashid, Muhammad Mahbubur
author_facet Islam, Md. Rafiqul
Rashid, Muhammad Mahbubur
author_sort Islam, Md. Rafiqul
title A survey on blockchain security and its impact analysis
title_short A survey on blockchain security and its impact analysis
title_full A survey on blockchain security and its impact analysis
title_fullStr A survey on blockchain security and its impact analysis
title_full_unstemmed A survey on blockchain security and its impact analysis
title_sort survey on blockchain security and its impact analysis
publisher IEEE
publishDate 2023
url http://irep.iium.edu.my/107043/1/107043_A%20survey%20on%20blockchain%20security.pdf
http://irep.iium.edu.my/107043/7/107043_A%20survey%20on%20blockchain%20security%20and%20its%20impact%20analysis_SCOPUS.pdf
http://irep.iium.edu.my/107043/
https://ieeexplore.ieee.org/abstract/document/10246031
_version_ 1789940147147505664
score 13.211869

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