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

    14 Citations (Scopus)
    15 Downloads (Pure)


    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)
    Place of PublicationPiscataway, NJ
    Number of pages8
    ISBN (Electronic)978-1-5386-7975-3
    ISBN (Print)978-1-5386-7976-0
    Publication statusPublished - 3 Jun 2019
    Event2018 IEEE International Conference on Blockchain 2018 - Halifax, Canada
    Duration: 30 Jul 20183 Aug 2018


    Conference2018 IEEE International Conference on Blockchain 2018


    • Blockchain
    • Security
    • Smart contracts


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