Rethinking Blockchain Security: Position Paper

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

doi:10.1109/Cybermatics_2018.2018.00222

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 proceeding › Conference contribution › Academic › peer-review

17 Citations (Scopus)

51 Downloads (Pure)

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 language	English
Title of host publication	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)
Place of Publication	Piscataway, NJ
Publisher	IEEE
Pages	1273-1280
Number of pages	8
ISBN (Electronic)	978-1-5386-7975-3
ISBN (Print)	978-1-5386-7976-0
DOIs	https://doi.org/10.1109/Cybermatics_2018.2018.00222
Publication status	Published - 3 Jun 2019
Event	2018 IEEE International Conference on Blockchain 2018 - Halifax, Canada Duration: 30 Jul 2018 → 3 Aug 2018

Conference

Conference	2018 IEEE International Conference on Blockchain 2018
Country/Territory	Canada
City	Halifax
Period	30/07/18 → 3/08/18

Keywords

Blockchain
Security
Smart contracts

Access to Document

10.1109/Cybermatics_2018.2018.00222

Cite this

Chia, V., Hartel, P. H., 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) (pp. 1273-1280). Article 8726738 IEEE. https://doi.org/10.1109/Cybermatics_2018.2018.00222

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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",

note = "Funding Information: This work was supported in part by the National Research Foundation (NRF), Prime Minister{\textquoteright}s Office, Singapore, under its National Cybersecurity R&D Programme (Award No. NRF2016NCR-NCR002-028) and administered by the National Cybersecurity R&D Directorate. Publisher Copyright: {\textcopyright} 2018 IEEE.; 2018 IEEE International Conference on Blockchain 2018 ; Conference date: 30-07-2018 Through 03-08-2018",

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doi = "10.1109/Cybermatics_2018.2018.00222",

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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)., 8726738, IEEE, Piscataway, NJ, pp. 1273-1280, 2018 IEEE International Conference on Blockchain 2018, Halifax, Nova Scotia, 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 et al.
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). Piscataway, NJ: IEEE, 2019. p. 1273-1280 8726738.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AU - Chia, Vincent

AU - Hartel, Pieter H.

AU - Hum, Qingze

AU - Ma, Sebastian

AU - Piliouras, Georgios

AU - Reijsbergen, Daniël

AU - van Staalduinen, Mark

AU - Szalachowski, Pawel

N1 - Funding Information: This work was supported in part by the National Research Foundation (NRF), Prime Minister’s Office, Singapore, under its National Cybersecurity R&D Programme (Award No. NRF2016NCR-NCR002-028) and administered by the National Cybersecurity R&D Directorate. Publisher Copyright: © 2018 IEEE.

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N2 - 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.

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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BT - 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 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). Piscataway, NJ: IEEE. 2019. p. 1273-1280. 8726738 doi: 10.1109/Cybermatics_2018.2018.00222

Rethinking Blockchain Security: Position Paper

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