A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

KYC Optimization Using Distributed Ledger Technology

The know-your-customer (KYC) due diligence process is outdated and generates costs of up to USD 500 million per year per bank. The authors propose a new system, based on distributed ledger technology (DLT), that reduces the costs of the core KYC verification process for financial institutions and improves the customer experience. In the proposed system, the core KYC verification process is only...

Scripting smart contracts for distributed ledger technology

We give an overview of the scripting languages used in existing cryptocurrencies, and in particular we review in some detail the scripting languages of Bitcoin, Nxt and Ethereum, in the context of a high-level overview of Distributed Ledger Technology and cryptocurrencies. We survey different approaches, and give an overview of critiques of existing languages. We also cover technologies that mi...

Reform Options for the European Emissions Trading System ( EU ETS )

A Comprehensive Reference Model for Blockchain-based Distributed Ledger Technology

Blockchain is a distributed, transactional database that is shared across all the nodes participating in the network. This is the main technical innovation of Bitcoin and it acts as a public ledger for the transactions. However, this technology lacks standardisation and uniform understanding. This is due to a few studies, that would provide a comprehensive model of the blockchain and the distri...

A Reference Model for Blockchain-Based Distributed Ledger Technology

Blockchain is a distributed, transactional database that is shared across all the nodes participating in the network. This is the main technical innovation of Bitcoin and it acts as a public ledger for the transactions. Every node in the system has a full copy of the current chain, which contains every transaction ever executed. Every block contains a hash of the previous block, linking these t...