Nudging Data Privacy Management of Open Banking Based on Blockchain

Shenglan Ma; Chaonian Guo; Hao Wang; Hong Xiao; Botong Xu; Hong-Ning Dai; Shuhan Cheng; Ruihua Yi; Tongsen Wang

doi:10.1109/I-SPAN.2018.00021

Nudging Data Privacy Management of Open Banking Based on Blockchain

Shenglan Ma, Chaonian Guo, Hao Wang, Hong Xiao, Botong Xu^*, Hong-Ning Dai, Shuhan Cheng, Ruihua Yi, Tongsen Wang

^*Corresponding author for this work

Department of Computer Science

Research output: Chapter in book/report/conference proceeding › Conference proceeding › peer-review

10 Citations (Scopus)

Abstract

Open banking brings both the opportunities and challenges to banks all over the world. Due to the different economic development levels of each country and the gaps among financial environment maturity, all countries have different strategies and regulations towards the privacy protection of data in financial scenes, such as the General Data Protection Regulation (GDPR) by European Union (EU). A blockchain as a continuously growing list of records managed by a peer-to-peer network is widely used in various application scenarios, and can protect the privacy of financial data. However, financial blockchain still poses some problems that cannot fully meet the data protection needs. In order to address the existing problems, this paper proposes a new blockchain-based data privacy management framework. The framework consists of three components: a data privacy classification method according to the characteristics of financial data and a new collaborative-filtering-based model and a confirmation data disclosure scheme for customer strategies based on the Nudge Theory. We implement a prototype and propose a set of algorithms for this management framework.

Original language	English
Title of host publication	Proceedings - 2018 15th International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN 2018
Publisher	IEEE
Pages	72-79
Number of pages	8
Edition	1st
ISBN (Electronic)	9781538685341
ISBN (Print)	9781538685358
DOIs	https://doi.org/10.1109/I-SPAN.2018.00021
Publication status	Published - 16 Oct 2018
Event	15th International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN 2018 - Yichang, China Duration: 16 Oct 2018 → 18 Oct 2018 https://ieeexplore.ieee.org/xpl/conhome/8620718/proceeding (Conference proceedings)

Publication series

Name	Proceedings - International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN
ISSN (Print)	1087-4089
ISSN (Electronic)	2375-527X

Conference

Conference	15th International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN 2018
Country/Territory	China
City	Yichang
Period	16/10/18 → 18/10/18
Internet address	https://ieeexplore.ieee.org/xpl/conhome/8620718/proceeding (Conference proceedings)

Scopus Subject Areas

Computer Networks and Communications
Computer Science Applications
Hardware and Architecture
Information Systems
Information Systems and Management
Safety, Risk, Reliability and Quality
Media Technology

User-Defined Keywords

blockchain
open banking
Nudge Theory
data privacy management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1109/I-SPAN.2018.00021

Cite this

Ma, S., Guo, C., Wang, H., Xiao, H., Xu, B., Dai, H.-N., Cheng, S., Yi, R., & Wang, T. (2018). Nudging Data Privacy Management of Open Banking Based on Blockchain. In Proceedings - 2018 15th International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN 2018 (1st ed., pp. 72-79). (Proceedings - International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN). IEEE. https://doi.org/10.1109/I-SPAN.2018.00021

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author = "Shenglan Ma and Chaonian Guo and Hao Wang and Hong Xiao and Botong Xu and Hong-Ning Dai and Shuhan Cheng and Ruihua Yi and Tongsen Wang",

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Ma, S, Guo, C, Wang, H, Xiao, H, Xu, B, Dai, H-N, Cheng, S, Yi, R & Wang, T 2018, Nudging Data Privacy Management of Open Banking Based on Blockchain. in Proceedings - 2018 15th International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN 2018. 1st edn, Proceedings - International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN, IEEE, pp. 72-79, 15th International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN 2018, Yichang, China, 16/10/18. https://doi.org/10.1109/I-SPAN.2018.00021

Nudging Data Privacy Management of Open Banking Based on Blockchain. / Ma, Shenglan; Guo, Chaonian; Wang, Hao et al.
Proceedings - 2018 15th International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN 2018. 1st. ed. IEEE, 2018. p. 72-79 (Proceedings - International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN).

Research output: Chapter in book/report/conference proceeding › Conference proceeding › peer-review

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AU - Ma, Shenglan

AU - Guo, Chaonian

AU - Wang, Hao

AU - Xiao, Hong

AU - Xu, Botong

AU - Dai, Hong-Ning

AU - Cheng, Shuhan

AU - Yi, Ruihua

AU - Wang, Tongsen

PY - 2018/10/16

Y1 - 2018/10/16

N2 - Open banking brings both the opportunities and challenges to banks all over the world. Due to the different economic development levels of each country and the gaps among financial environment maturity, all countries have different strategies and regulations towards the privacy protection of data in financial scenes, such as the General Data Protection Regulation (GDPR) by European Union (EU). A blockchain as a continuously growing list of records managed by a peer-to-peer network is widely used in various application scenarios, and can protect the privacy of financial data. However, financial blockchain still poses some problems that cannot fully meet the data protection needs. In order to address the existing problems, this paper proposes a new blockchain-based data privacy management framework. The framework consists of three components: a data privacy classification method according to the characteristics of financial data and a new collaborative-filtering-based model and a confirmation data disclosure scheme for customer strategies based on the Nudge Theory. We implement a prototype and propose a set of algorithms for this management framework.

AB - Open banking brings both the opportunities and challenges to banks all over the world. Due to the different economic development levels of each country and the gaps among financial environment maturity, all countries have different strategies and regulations towards the privacy protection of data in financial scenes, such as the General Data Protection Regulation (GDPR) by European Union (EU). A blockchain as a continuously growing list of records managed by a peer-to-peer network is widely used in various application scenarios, and can protect the privacy of financial data. However, financial blockchain still poses some problems that cannot fully meet the data protection needs. In order to address the existing problems, this paper proposes a new blockchain-based data privacy management framework. The framework consists of three components: a data privacy classification method according to the characteristics of financial data and a new collaborative-filtering-based model and a confirmation data disclosure scheme for customer strategies based on the Nudge Theory. We implement a prototype and propose a set of algorithms for this management framework.

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PB - IEEE

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Y2 - 16 October 2018 through 18 October 2018

ER -

Ma S, Guo C, Wang H, Xiao H, Xu B, Dai HN et al. Nudging Data Privacy Management of Open Banking Based on Blockchain. In Proceedings - 2018 15th International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN 2018. 1st ed. IEEE. 2018. p. 72-79. (Proceedings - International Symposium on Pervasive Systems, Algorithms and Networks, I-SPAN). doi: 10.1109/I-SPAN.2018.00021

Nudging Data Privacy Management of Open Banking Based on Blockchain

Abstract

Publication series

Conference

Scopus Subject Areas

User-Defined Keywords

UN SDGs

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