Biblio

Frauds in supply chain finance not only result in substantial loss for financial institutions (e.g., banks, trust company, private funds), but also are detrimental to the reputation of the ecosystem. However, such frauds are hard to detect due to the complexity of the operating environment in supply chain finance such as involvement of multiple parties under different agreements. Traditional instruments of financial institutions are time-consuming yet insufficient in countering fraudulent supply chain financing. In this study, we propose a novel blockchain-driven framework for deterring fraud in supply chain finance. Specifically, we use inventory financing in jewelry supply chain as an illustrative scenario. The blockchain technology enables secure and trusted data sharing among multiple parties due to its characteristics of immutability and traceability. Consequently, information on manufacturing, brand license, and warehouse status are available to financial institutions in real time. Moreover, we develop a novel rule-based fraud check module to automatically detect suspicious fraud cases by auditing documents shared by multiple parties through a blockchain network. To validate the effectiveness of the proposed framework, we employ agent-based modeling and simulation. Experimental results show that our proposed framework can effectively deter fraudulent supply chain financing as well as improve operational efficiency.

By 2025, it is estimated that installed data storage in the U.S. will be 2.2 Zettabytes, generating about 50 million units of end-of-life hard-disk drives (HDDs) per year. The circular economy (CE) tackles waste issues by maximizing value retention in the economy, for instance, through reuse and recycling. However, the reuse of hard disk drives is hindered by the lack of trust organizations have toward other means of data removal than physically destroying HDDs. Here, an agent-based approach explores how organizations' decisions to adopt other data removal means affect HDDs' circularity. The model applies the theory of planned behavior to model the decisions of HDDs end-users. Results demonstrate that the attitude (which is affected by trust) of end-users toward data-wiping technologies acts as a barrier to reuse. Moreover, social pressure can play a significant role as organizations that adopt CE behaviors can set an example for others.

Effective reasoning about the impact of security policy decisions requires understanding how human users actually behave, rather than assuming desirable but incorrect behavior. Simulation could help with this reasoning, but it requires building computational models of the relevant human behavior and validating that these models match what humans actually do. In this paper we describe our progress on building agent-based models of human behavior with passwords, and we demonstrate how these models reproduce phenomena
shown in the empirical literature.