Biblio

Wear and tear are essential in establishing the market value of an asset. From shutter counters on DSLRs to odometers inside cars, specific counters, that encode the degree of wear, exist on most products. But malicious modification of the information that they report was always a concern. Our work explores a solution to this problem by using the blockchain technology, a layered encoding of product attributes and identity-based cryptography. Merging such technologies is essential since blockchains facilitate the construction of a distributed database that is resilient to adversarial modifications, while identity-based signatures set room for a more convenient way to check the correctness of the reported values based on the name of the product and pseudonym of the owner alone. Nonetheless, we reinforce security by using ownership cards deployed around NFC tokens. Since odometer fraud is still a major practical concern, we discuss a practical scenario centered on vehicles, but the framework can be easily extended to many other assets.

When Bitcoin was first introduced to the world in 2008 by an enigmatic programmer going by the pseudonym Satoshi Nakamoto, it was billed as the world's first decentralized virtual currency. Offering the first credible incarnation of a digital currency, Bitcoin was based on the principal of peer to peer transactions involving a complex public address and a private key that only the owner of the coin would know. This paper will seek to investigate how the usage and value of Bitcoin is affected by current events in the cyber environment. Is an advancement in the digital security of Bitcoin reflected by the value of the currency and conversely does a major security breech have a negative effect? By analyzing statistical data of the market value of Bitcoin at specific points where the currency has fluctuated dramatically, it is believed that trends can be found. This paper proposes that based on the data analyzed, the current integrity of the Bitcoin security is trusted by general users and the value and usage of the currency is growing. All the major fluctuations of the currency can be linked to significant events within the digital security environment however these fluctuations are beginning to decrease in frequency and severity. Bitcoin is still a volatile currency but this paper concludes that this is a result of security flaws in Bitcoin services as opposed to the Bitcoin protocol itself.