Rethinking Blockchain Security: Position Paper

Vincent Chia, Pieter H. Hartel, Qingze Hum, Sebastian Ma, Georgios Piliouras, Daniël Reijsbergen, Mark Van Staalduinen, Pawel Szalachowski

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

Abstract

Blockchain technology has become almost as famous for incidents involving security breaches as for its innovative potential. We shed light on the prevalence and nature of these incidents through a database structured using the STIX format. Apart from OPSEC-related incidents, we find that the nature of many incidents is specific to blockchain technology. Two categories stand out: smart contracts, and techno-economic protocol incentives. For smart contracts, we propose to use recent advances in software testing to find flaws before deployment. For protocols, we propose the PRESTO framework that allows us to compare different protocols within a five-dimensional framework.
Original languageEnglish
Title of host publication2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData)
PublisherIEEE
Pages1273-1280
Number of pages8
ISBN (Electronic)978-1-5386-7975-3
DOIs
Publication statusPublished - 3 Jun 2019
Event2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData) 2018 - Halifax, Canada
Duration: 30 Jul 20183 Aug 2018

Conference

Conference2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData) 2018
CountryCanada
CityHalifax
Period30/07/183/08/18

Fingerprint

Network protocols
Software testing
Defects
Economics

Keywords

  • Blockchain
  • security
  • smart contracts

Cite this

Chia, V., Hartel, P. H., Hum, Q., Ma, S., Piliouras, G., Reijsbergen, D., ... Szalachowski, P. (2019). Rethinking Blockchain Security: Position Paper. In 2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData) (pp. 1273-1280). IEEE. https://doi.org/10.1109/Cybermatics_2018.2018.00222
Chia, Vincent ; Hartel, Pieter H. ; Hum, Qingze ; Ma, Sebastian ; Piliouras, Georgios ; Reijsbergen, Daniël ; Van Staalduinen, Mark ; Szalachowski, Pawel. / Rethinking Blockchain Security: Position Paper. 2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData). IEEE, 2019. pp. 1273-1280
@inproceedings{e35b0401ddc94ddc8723b65db5decc89,
title = "Rethinking Blockchain Security: Position Paper",
abstract = "Blockchain technology has become almost as famous for incidents involving security breaches as for its innovative potential. We shed light on the prevalence and nature of these incidents through a database structured using the STIX format. Apart from OPSEC-related incidents, we find that the nature of many incidents is specific to blockchain technology. Two categories stand out: smart contracts, and techno-economic protocol incentives. For smart contracts, we propose to use recent advances in software testing to find flaws before deployment. For protocols, we propose the PRESTO framework that allows us to compare different protocols within a five-dimensional framework.",
keywords = "Blockchain, security, smart contracts",
author = "Vincent Chia and Hartel, {Pieter H.} and Qingze Hum and Sebastian Ma and Georgios Piliouras and Dani{\"e}l Reijsbergen and {Van Staalduinen}, Mark and Pawel Szalachowski",
year = "2019",
month = "6",
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doi = "10.1109/Cybermatics_2018.2018.00222",
language = "English",
pages = "1273--1280",
booktitle = "2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData)",
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}

Chia, V, Hartel, PH, Hum, Q, Ma, S, Piliouras, G, Reijsbergen, D, Van Staalduinen, M & Szalachowski, P 2019, Rethinking Blockchain Security: Position Paper. in 2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData). IEEE, pp. 1273-1280, 2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData) 2018, Halifax, Canada, 30/07/18. https://doi.org/10.1109/Cybermatics_2018.2018.00222

Rethinking Blockchain Security: Position Paper. / Chia, Vincent; Hartel, Pieter H.; Hum, Qingze; Ma, Sebastian; Piliouras, Georgios; Reijsbergen, Daniël ; Van Staalduinen, Mark; Szalachowski, Pawel.

2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData). IEEE, 2019. p. 1273-1280.

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

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T1 - Rethinking Blockchain Security: Position Paper

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AU - Hartel, Pieter H.

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AU - Reijsbergen, Daniël

AU - Van Staalduinen, Mark

AU - Szalachowski, Pawel

PY - 2019/6/3

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AB - Blockchain technology has become almost as famous for incidents involving security breaches as for its innovative potential. We shed light on the prevalence and nature of these incidents through a database structured using the STIX format. Apart from OPSEC-related incidents, we find that the nature of many incidents is specific to blockchain technology. Two categories stand out: smart contracts, and techno-economic protocol incentives. For smart contracts, we propose to use recent advances in software testing to find flaws before deployment. For protocols, we propose the PRESTO framework that allows us to compare different protocols within a five-dimensional framework.

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KW - smart contracts

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Chia V, Hartel PH, Hum Q, Ma S, Piliouras G, Reijsbergen D et al. Rethinking Blockchain Security: Position Paper. In 2018 IEEE International Conference on Internet of Things (iThings) and IEEE Green Computing and Communications (GreenCom) and IEEE Cyber, Physical and Social Computing (CPSCom) and IEEE Smart Data (SmartData). IEEE. 2019. p. 1273-1280 https://doi.org/10.1109/Cybermatics_2018.2018.00222