Unleashing the Full Potential of Blockchain Technology for Security-Sensitive Business Applications

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Abstract

Companies are eager to invest in the emerging blockchain technology, but often fail to integrate this technology into real-world business applications that go beyond cryptocurrencies or pure demonstrators. The reason often lies in specific requirements related to data security and privacy. Current blockchain solutions are not able to meet these requirements, preventing a broad adoption of blockchain technology in business applications. To tackle this problem, we introduce UBI: A Universal Blockchain Integrator. UBI acts as a middleware between a company's legacy IT infrastructure and off-The-shelf blockchain solutions. UBI enriches the functionality of these solutions so that they meet specific security and privacy requirements. Its successful implementation shows the feasibility of the proposed solution. First evaluation results demonstrate its potential for real-world business applications.

Original languageEnglish
Title of host publicationICBC 2019 - IEEE International Conference on Blockchain and Cryptocurrency
PublisherInstitute of Electrical and Electronics Engineers
Pages394-402
Number of pages9
ISBN (Electronic)9781728113289
DOIs
Publication statusPublished - 1 May 2019
Event1st IEEE International Conference on Blockchain and Cryptocurrency - Seoul, Korea, Republic of
Duration: 14 May 201917 May 2019

Conference

Conference1st IEEE International Conference on Blockchain and Cryptocurrency
Abbreviated titleICBC 2019
CountryKorea, Republic of
CitySeoul
Period14/05/1917/05/19

Keywords

  • Access control
  • Blockchain
  • Business integration
  • Middleware

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Management of Technology and Innovation
  • Computer Networks and Communications
  • Information Systems and Management
  • Safety, Risk, Reliability and Quality

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  • Cite this

    Marsalek, A., Kollmann, C., Zefferer, T., & Teufl, P. (2019). Unleashing the Full Potential of Blockchain Technology for Security-Sensitive Business Applications. In ICBC 2019 - IEEE International Conference on Blockchain and Cryptocurrency (pp. 394-402). [8751444] Institute of Electrical and Electronics Engineers. https://doi.org/10.1109/BLOC.2019.8751444