Analysis Study of Cryptocurrency Blockchain Technologies to Revolutionize Degree Automation

Authors

  • Oumaima Ouadoud Faculty of science Ben m’sick, Hassan II University, Casablanca, Morocco Moroccan school of engineering sciences, Rabat, Morocco
  • Ahmed Eddaoui Faculty of science Ben m’sick, Hassan II University, Casablanca, Morocco
  • Tarik Chafiq Faculty of science Ben m’sick, Hassan II University, Casablanca, Morocco
  • Brahim Elbhiri Moroccan school of engineering sciences, Rabat, Morocco

Keywords:

Cryptocurrencies, Decentralized Applications, University Degrees, Comparative Study, Practicality, Scalability, Smart Contracts, Security

Abstract

Cryptocurrencies have garnered significant attention in recent years due to their disruptive potential to revolutionize traditional systems and offer innovative solutions. Their incorporation into DApps has created distinctive opportunities across various sectors, including the education industry. Our study focuses on evaluating the key attributes of cryptocurrencies utilized in DApps for managing and verifying academic qualifications. The research methodology involves an in-depth analysis of several prominent cryptocurrencies widely used in decentralized education systems, among them, we find Ethereum, Solana, and Tron. Various factors are considered, including scalability, transaction speed, security, data storage, smart contract functionality, and community support.

The comparative analysis between the chosen cryptocurrencies reveals the distinct advantages and limitations of each cryptocurrency in the context of university degrees. The examination of scalability factors has brought to the forefront new cryptocurrencies like Polygon, EOS, and Stellar, showing promise in addressing the limitations of Ethereum.

The findings serve as a valuable reference for developers, educators, and policymakers seeking to implement secure and efficient DApps for managing academic qualifications.

Downloads

Download data is not yet available.

References

Y. Yuan and F. Y. Wang, “Blockchain and Cryptocurrencies: Model, Techniques, and Applications,” IEEE Trans. Syst. Man, Cybern. Syst., vol. 48, no. 9, pp. 1421–1428, Sep. 2018, doi: 10.1109/TSMC.2018.2854904.

Z. Cekerevac and P. Cekerevac, “BLOCKCHAIN AND THE APPLICATION OF BLOCKCHAIN TECHNOLOGY,” MEST J., vol. 10, no. 2, pp. 14–25, Jul. 2022, doi: 10.12709/MEST.10.10.02.02.

“Dapp Industry Report 2022.” https://dappradar.com/blog/dapp-industry-report-2022-dapp-industry-proves-resilient-in-crypto-winter (accessed Jun. 01, 2023).

K. Wu, “An Empirical Study of Blockchain-based Decentralized Applications,” 2019, doi: 10.1145/nnnnnnn.nnnnnnn.

K. Peng, M. Li, H. Huang, C. Wang, S. Wan, and K. K. R. Choo, “Security Challenges and Opportunities for Smart Contracts in Internet of Things: A Survey,” IEEE Internet Things J., vol. 8, no. 15, pp. 12004–12020, Aug. 2021, doi: 10.1109/JIOT.2021.3074544.

M. Hashemi Joo, Y. Nishikawa, and K. Dandapani, “Cryptocurrency, a successful application of blockchain technology,” Manag. Financ., vol. 46, no. 6, pp. 715–733, Aug. 2020, doi: 10.1108/MF-09-2018-0451/FULL/XML.

C. Rupa, D. Midhunchakkaravarthy, M. K. Hasan, H. Alhumyani, and R. A. Saeed, “Industry 5.0: Ethereum blockchain technology-based DApp smart contract,” Math. Biosci. Eng., vol. 18, no. 5, pp. 7010–7027, 2021, doi: 10.3934/MBE.2021349.

R. Xie et al., “Ethereum-Blockchain-Based Technology of Decentralized Smart Contract Certificate System,” IEEE Internet Things Mag., vol. 3, no. 2, pp. 44–50, Jun. 2020, doi: 10.1109/IOTM.0001.1900094.

“Blockcerts : The Open Standard for Blockchain Credentials.” https://www.blockcerts.org/ (accessed May 13, 2022).

D. Shah, D. Patel, J. Adesara, P. Hingu, and M. Shah, “Exploiting the Capabilities of Blockchain and Machine Learning in Education,” Augment. Hum. Res. 2021 61, vol. 6, no. 1, pp. 1–14, Jan. 2021, doi: 10.1007/S41133-020-00039-7.

P. Fairley, “Ethereum will cut back its absurd energy use,” IEEE Spectr., vol. 56, no. 1, pp. 29–32, Jan. 2019, doi: 10.1109/MSPEC.2019.8594790.

S. Tikhomirov, “Ethereum: State of knowledge and research perspectives,” Lect. Notes Comput. Sci. (including Subser. Lect. Notes Artif. Intell. Lect. Notes Bioinformatics), vol. 10723 LNCS, pp. 206–221, 2018, doi: 10.1007/978-3-319-75650-9_14/COVER.

J. E. de Azevedo Sousa et al., “An analysis of the fees and pending time correlation in Ethereum,” Int. J. Netw. Manag., vol. 31, no. 3, p. e2113, May 2021, doi: 10.1002/NEM.2113.

M. Bez, G. Fornari, and T. Vardanega, “The scalability challenge of Ethereum: An initial quantitative analysis,” Proc. - 13th IEEE Int. Conf. Serv. Syst. Eng. SOSE 2019, 10th Int. Work. Jt. Cloud Comput. JCC 2019 2019 IEEE Int. Work. Cloud Comput. Robot. Syst. CCRS 2019, pp. 167–176, May 2019, doi 10.1109/SOSE.2019.00031.

J. Chen, X. Xia, D. Lo, J. Grundy, and X. Yang, “Maintaining Smart Contracts on Ethereum: Issues, Techniques, and Future Challenges,” Jul. 2020, Accessed: May 25, 2023. [Online]. Available: https://arxiv.org/abs/2007.00286v2.

S. Tikhomirov, E. Voskresenskaya, I. Ivanitskiy, R. Takhaviev, E. Marchenko, and Y. Alexandrov, “SmartCheck: Static analysis of Ethereum smart contracts,” Proc. - Int. Conf. Softw. Eng., pp. 9–16, May 2018, doi: 10.1145/3194113.3194115.

M. Alahmad, A. Alfouderi, A. Alonaizi, and M. Aldhamen, “Comparison Study of the Top 5 Leading Cryptocurrencies based on General Consensus Protocol: Bitcoin, Ethereum, Tether, XRP and Bitcoin Cash,” WSEAS Trans. Comput. Res., vol. 11, pp. 23–32, 2023, doi: 10.37394/232018.2023.11.3.

“State of the DApps — Blockchain Apps for Ethereum, EOS, Klaytn, NEO and More.” https://www.stateofthedapps.com/platforms/icon (accessed Jul. 28, 2022).

“DappRadar - The World’s Dapp Store | Blockchain Dapps Ranked.” https://dappradar.com/ (accessed Sep. 08, 2022).

N. Grech, A. Jurisevic, M. Kong, L. Brent, B. Scholz, and Y. Smaragdakis, “MadMax: Surviving Out-of-Gas Conditions in Ethereum Smart Contracts,” Proc. ACM Program. Lang, vol. 2, p. 27, 2018, doi: 10.1145/3276486.

“Polygon Guilds.” https://polygon.technology/guilds (accessed May 17, 2023).

“BNB Chain: An Ecosystem of Blockchains | BNB Chain Documentation.” https://docs.bnbchain.org/docs/overview (accessed May 17, 2023).

“Getting Started - Cronos Documentation.” https://docs.cronos.org/getting-started/readme (accessed May 17, 2023).

“Developer Documentation - Fantom.” https://docs.fantom.foundation/ (accessed May 17, 2023).

“Hello from Flow docs | Flow docs.” https://developers.flow.com/ (accessed May 17, 2023).

“Getting Started.” https://developers.tron.network/docs (accessed May 17, 2023).

“NEO Developer Resource | NEO Developer Resource.” https://developers.neo.org/ (accessed May 17, 2023).

“Home | Solana Docs.” https://docs.solana.com/ (accessed May 17, 2023).

“Open Source Blockchain for Currencies & Payments - Stellar.” https://stellar.org/learn/intro-to-stellar (accessed May 17, 2023).

“Ethereum development documentation | ethereum.org.” https://ethereum.org/en/developers/docs/ (accessed May 17, 2023).

“Welcome to the Developer Portal | EOSIO Developer Docs.” https://developers.eos.io/welcome/latest/welcome-to-eosio/index (accessed May 17, 2023).

Downloads

Published

25.12.2023

How to Cite

Ouadoud, O. ., Eddaoui, A. ., Chafiq, T. ., & Elbhiri, B. . (2023). Analysis Study of Cryptocurrency Blockchain Technologies to Revolutionize Degree Automation. International Journal of Intelligent Systems and Applications in Engineering, 12(2), 576–587. Retrieved from https://ijisae.org/index.php/IJISAE/article/view/4301

Issue

Section

Research Article