With the development of sharded blockchains,high cross-shard rates and load imbalance have emerged as major challenges.Account partitioning based on hashing and real-time load faces the issue of high cross-shard rates...With the development of sharded blockchains,high cross-shard rates and load imbalance have emerged as major challenges.Account partitioning based on hashing and real-time load faces the issue of high cross-shard rates.Account partitioning based on historical transaction graphs is effective in reducing cross-shard rates but suffers from load imbalance and limited adaptability to dynamic workloads.Meanwhile,because of the coupling between consensus and execution,a target shard must receive both the partitioned transactions and the partitioned accounts before initiating consensus and execution.However,we observe that transaction partitioning and subsequent consensus do not require actual account data but only need to determine the relative partition order between shards.Therefore,we propose a novel sharded blockchain,called HATLedger,based on Hybrid Account and Transaction partitioning.First,HATLedger proposes building a future transaction graph to detect upcoming hotspot accounts and making more precise account partitioning to reduce transaction cross-shard rates.In the event of an impending overload,the source shard employs simulated partition transactions to specify the partition order across multiple target shards,thereby rapidly partitioning the pending transactions.The target shards can reach consensus on received transactions without waiting for account data.The source shard subsequently sends the account data to the corresponding target shards in the order specified by the previously simulated partition transactions.Based on real transaction history from Ethereum,we conducted extensive sharding scalability experiments.By maintaining low cross-shard rates and a relatively balanced load distribution,HATLedger achieves throughput improvements of 2.2x,1.9x,and 1.8x over SharPer,Shard Scheduler,and TxAllo,respectively,significantly enhancing efficiency and scalability.展开更多
Foreign-funded overseas industrial parks(OIPs)are crucial for attracting foreign investment and promoting globalization in developing countries.However,large-scale land acquisition for these parks generates conflicts ...Foreign-funded overseas industrial parks(OIPs)are crucial for attracting foreign investment and promoting globalization in developing countries.However,large-scale land acquisition for these parks generates conflicts between developers and local stakeholders,increasing development costs.A qualitative multicase study was conducted in this study to analyze the land transaction trajectories of China's OIPs.Four OIPs were selected to reveal the underlying mechanisms from the perspectives of institutional arrangements,governance mechanisms,and enterprise heterogeneity.The findings indicate that in host countries with insufficient institutional development,local governments are more inclined to directly engage in OIP land acquisition.High-level intergovernmental mechanisms facilitate land acquisition processes,although their efficacy depends largely on administrative power allocation across parks in host countries.The results also indicate that enterprise characteristics significantly influence land acquisition,where microscale private enterprises lacking political connections often employ low-cost,bottom-up strategies by leveraging international experience.In summary,policy-makers in developing countries should prioritize enhancing OIP governance to mitigate transaction costs,promote diversified land supply,and optimize land allocation.By depicting China's OIP land acquisition processes,this study deepens the academic understanding of OIP governance in developing countries and related international land transactions,offering practical OIP management insights for governments in both host and parent countries.展开更多
The rapid growth of blockchain and Decentralized Finance(DeFi)has introduced new challenges and vulnerabilities that threaten the integrity and efficiency of the ecosystem.This study identifies critical issues such as...The rapid growth of blockchain and Decentralized Finance(DeFi)has introduced new challenges and vulnerabilities that threaten the integrity and efficiency of the ecosystem.This study identifies critical issues such as Transaction Order Dependence(TOD),Blockchain Extractable Value(BEV),and Transaction Importance Diversity(TID),which collectively undermine the fairness and security of DeFi systems.BEV-related activities,including sandwich attacks,liquidations,transaction replay etc.have emerged as significant threats,collectively generating$540.54 million in losses over 32 months across 11,289 addresses,involving 49,691 cryptocurrencies and 60,830 on-chain markets.These attacks exploit transaction mechanics to manipulate asset prices and extract value at the expense of other participants,with sandwich attacks being particularly impactful.Additionally,the growing adoption of blockchain in traditional finance highlights the challenge of TID,wherein high transaction volumes can strain systems and compromise time-sensitive operations.To address these pressing issues,we propose a novel Distributed Transaction Sequencing Strategy(DTSS)that integrates forking mechanisms with an Analytic Hierarchy Process(AHP)to enforce fair and transparent transaction ordering in a decentralized manner.Our approach is further enhanced by an optimization framework and the introduction of a Normalized Allocation Disparity Metric(NADM)that ensures optimal parameter selection for transaction prioritization.Experimental evaluations demonstrated that the DTSS effectively mitigated BEV risks,enhanced transaction fairness,and significantly improved the security and transparency of DeFi ecosystems.展开更多
P2P trading is driving the decentralization of the electricity market,the autonomy and privacy requirements of prosumers may intro-duce safety risks such as voltage violations.Existing security management methods base...P2P trading is driving the decentralization of the electricity market,the autonomy and privacy requirements of prosumers may intro-duce safety risks such as voltage violations.Existing security management methods based on price guidance may face unsolvable situa-tions in trading scenarios and have difficulty assessing the impact of P2P transactions on voltage security.To this end,this paper proposes a novel distribution system operator(DSO)-prosumers bi-level optimization framework incorporating the dynamic operating envelope(DOE)and risk coefficient-based network usage charge(RC-NUC).In the upper-level,the DOE is employed for dynamic voltage man-agement to prevent violations while the RC-NUC further guides prosumers to engage in grid-friendly transactions.The lower-level decen-tralized market enables prosumers to optimize trading decisions autonomously.Only price signals and energy quantities are exchanged between the two levels,ensuring the privacy of both parties.Additionally,an alternating direction method of multipliers(ADMM)with adaptive penalty factor is introduced to improve computational efficiency.Case studies on a modified IEEE 33-bus system demonstrate that the proposed method reduces voltage violation risks by 18.31%and enhances trading efficiency by 32.3%.These results highlight the feasibility and effectiveness of the approach in advancing secure and efficient distributed energy transactions.展开更多
Blockchain platform swith the unique characteristics of anonymity,decentralization,and transparency of their transactions,which are faced with abnormal activities such as money laundering,phishing scams,and fraudulent...Blockchain platform swith the unique characteristics of anonymity,decentralization,and transparency of their transactions,which are faced with abnormal activities such as money laundering,phishing scams,and fraudulent behavior,posing a serious threat to account asset security.For these potential security risks,this paper proposes a hybrid neural network detection method(HNND)that learns multiple types of account features and enhances fusion information among them to effectively detect abnormal transaction behaviors in the blockchain.In HNND,the Temporal Transaction Graph Attention Network(T2GAT)is first designed to learn biased aggregation representation of multi-attribute transactions among nodes,which can capture key temporal information from node neighborhood transactions.Then,the Graph Convolutional Network(GCN)is adopted which captures abstract structural features of the transaction network.Further,the Stacked Denoising Autoencode(SDA)is developed to achieve adaptive fusion of thses features from different modules.Moreover,the SDA enhances robustness and generalization ability of node representation,leading to higher binary classification accuracy in detecting abnormal behaviors of blockchain accounts.Evaluations on a real-world abnormal transaction dataset demonstrate great advantages of the proposed HNND method over other compared methods.展开更多
This paper proposes a novel hybrid fraud detection framework that integrates multi-stage feature selection,unsupervised clustering,and ensemble learning to improve classification performance in financial transaction m...This paper proposes a novel hybrid fraud detection framework that integrates multi-stage feature selection,unsupervised clustering,and ensemble learning to improve classification performance in financial transaction monitoring systems.The framework is structured into three core layers:(1)feature selection using Recursive Feature Elimination(RFE),Principal Component Analysis(PCA),and Mutual Information(MI)to reduce dimensionality and enhance input relevance;(2)anomaly detection through unsupervised clustering using K-Means,Density-Based Spatial Clustering(DBSCAN),and Hierarchical Clustering to flag suspicious patterns in unlabeled data;and(3)final classification using a voting-based hybrid ensemble of Support Vector Machine(SVM),Random Forest(RF),and Gradient Boosting Classifier(GBC).The experimental evaluation is conducted on a synthetically generated dataset comprising one million financial transactions,with 5% labelled as fraudulent,simulating realistic fraud rates and behavioural features,including transaction time,origin,amount,and geo-location.The proposed model demonstrated a significant improvement over baseline classifiers,achieving an accuracy of 99%,a precision of 99%,a recall of 97%,and an F1-score of 99%.Compared to individual models,it yielded a 9% gain in overall detection accuracy.It reduced the false positive rate to below 3.5%,thereby minimising the operational costs associated with manually reviewing false alerts.The model’s interpretability is enhanced by the integration of Shapley Additive Explanations(SHAP)values for feature importance,supporting transparency and regulatory auditability.These results affirm the practical relevance of the proposed system for deployment in real-time fraud detection scenarios such as credit card transactions,mobile banking,and cross-border payments.The study also highlights future directions,including the deployment of lightweight models and the integration of multimodal data for scalable fraud analytics.展开更多
The global wave of digitalization has accelerated the process of corporate digital transformation,placing higher demands on financial and accounting management.Since then,accounting work has shifted from the tradition...The global wave of digitalization has accelerated the process of corporate digital transformation,placing higher demands on financial and accounting management.Since then,accounting work has shifted from the traditional transactional model to a modern value management-oriented model,leading to a transformation of accounting functions.As corporate managers,they must advance their work proactively,empower the modernization and innovation of financial accounting with digital technology,and transition to management accounting to ensure enterprises keep pace with the times.Therefore,this paper explores the current status of corporate financial and accounting work amid the digital wave,identifies the challenges in the transformation of accounting from transactional to value management-oriented,and finally proposes several feasible and effective improvement strategies,aiming to provide more references for relevant practitioners.展开更多
The task of detecting fraud in credit card transactions is crucial to ensure the security and stability of a financial system,as well as to enforce customer confidence in digital payment systems.Historically,credit ca...The task of detecting fraud in credit card transactions is crucial to ensure the security and stability of a financial system,as well as to enforce customer confidence in digital payment systems.Historically,credit card companies have used rulebased approaches to detect fraudulent transactions,but these have proven inadequate due to the complexity of fraud strategies and have been replaced by much more powerful solutions based on machine learning or deep learning algorithms.Despite significant progress,the current approaches to fraud detection suffer from a number of limitations:for example,it is unclear whether some transaction features are more effective than others in discriminating fraudulent transactions,and they often neglect possible correlations among transactions,even though they could reveal illicit behaviour.In this paper,we propose a novel credit card fraud detection(CCFD)method based on a transaction behaviour-based hierarchical gated network.First,we introduce a feature-oriented extraction module capable of identifying key features from original transactions,and such analysis is effective in revealing the behavioural characteristics of fraudsters.Second,we design a transaction-oriented extraction module capable of capturing the correlation between users’historical and current transactional behaviour.Such information is crucial for revealing users’sequential behaviour patterns.Our approach,called transactional-behaviour-based hierarchical gated network model(TbHGN),extracts two types of new transactional features,which are then combined in a feature interaction module to learn the final transactional representations used for CCFD.We have conducted extensive experiments on a real-world credit card transaction dataset with an increase in average F1 between 1.42%and 6.53%and an improvement in average AUC between 0.63%and 2.78%over the state of the art.展开更多
Low data encryption efficiency and inadequate security are two issues with the current blockchain cross-chain transaction protection schemes.To address these issues,a blockchain cross-chain transaction protection sche...Low data encryption efficiency and inadequate security are two issues with the current blockchain cross-chain transaction protection schemes.To address these issues,a blockchain cross-chain transaction protection scheme based on Fully Homomorphic Encryption(FHE)is proposed.In the proposed scheme,the functional relationship is established by Box-Muller,Discrete Gaussian Distribution Function(DGDF)and Uniform Random Distribution Func-tion(URDF)are used to improve the security and efficiency of key generation.Subsequently,the data preprocessing function is introduced to perform cleaning,deduplication,and normalization operations on the transaction data of multi-key signature,and it is classified into interactive data and asset data,so as to perform different homomorphic operations in the FHE encryption stage.Ultimately,in the FHE encryption stage,homomorphic multiplication and homomorphic addition are used targeted for the interactive data and asset data,thereby reducing the computational complexity and enhancing the FHE encryption efficiency.The significance of the proposed scheme is proved by experimental results:Firstly,the multi-key generation function and its specific sampling method and transformation ensure the security and efficiency of key generation.Data preprocessing can also accelerate the FHE encryption process by eliminating invalid data and redundancy,so the FHE encryption efficiency is significantly improved.Secondly,the FHE encryption method based on discrete logarithm problem enhances the security of transaction data and can effectively resist multiple attacks.In addition,the preprocessed data also has good performance in capacity storage.The proposed scheme has significant impacts on key indicators such as encryption efficiency and security,it provides a new reference for blockchain cross-chain transaction protection technology and has an important impact on the security improvement of various cross-chain transaction data.展开更多
基金funded by the National Key Research and Development Program of China(Grant No.2024YFE0209000)the NSFC(Grant No.U23B2019)。
文摘With the development of sharded blockchains,high cross-shard rates and load imbalance have emerged as major challenges.Account partitioning based on hashing and real-time load faces the issue of high cross-shard rates.Account partitioning based on historical transaction graphs is effective in reducing cross-shard rates but suffers from load imbalance and limited adaptability to dynamic workloads.Meanwhile,because of the coupling between consensus and execution,a target shard must receive both the partitioned transactions and the partitioned accounts before initiating consensus and execution.However,we observe that transaction partitioning and subsequent consensus do not require actual account data but only need to determine the relative partition order between shards.Therefore,we propose a novel sharded blockchain,called HATLedger,based on Hybrid Account and Transaction partitioning.First,HATLedger proposes building a future transaction graph to detect upcoming hotspot accounts and making more precise account partitioning to reduce transaction cross-shard rates.In the event of an impending overload,the source shard employs simulated partition transactions to specify the partition order across multiple target shards,thereby rapidly partitioning the pending transactions.The target shards can reach consensus on received transactions without waiting for account data.The source shard subsequently sends the account data to the corresponding target shards in the order specified by the previously simulated partition transactions.Based on real transaction history from Ethereum,we conducted extensive sharding scalability experiments.By maintaining low cross-shard rates and a relatively balanced load distribution,HATLedger achieves throughput improvements of 2.2x,1.9x,and 1.8x over SharPer,Shard Scheduler,and TxAllo,respectively,significantly enhancing efficiency and scalability.
基金Philosophy and Social Science Planning Projects in Yunnan Province,No.QN202428China Postdoctoral Science Foundation,No.2024M752918。
文摘Foreign-funded overseas industrial parks(OIPs)are crucial for attracting foreign investment and promoting globalization in developing countries.However,large-scale land acquisition for these parks generates conflicts between developers and local stakeholders,increasing development costs.A qualitative multicase study was conducted in this study to analyze the land transaction trajectories of China's OIPs.Four OIPs were selected to reveal the underlying mechanisms from the perspectives of institutional arrangements,governance mechanisms,and enterprise heterogeneity.The findings indicate that in host countries with insufficient institutional development,local governments are more inclined to directly engage in OIP land acquisition.High-level intergovernmental mechanisms facilitate land acquisition processes,although their efficacy depends largely on administrative power allocation across parks in host countries.The results also indicate that enterprise characteristics significantly influence land acquisition,where microscale private enterprises lacking political connections often employ low-cost,bottom-up strategies by leveraging international experience.In summary,policy-makers in developing countries should prioritize enhancing OIP governance to mitigate transaction costs,promote diversified land supply,and optimize land allocation.By depicting China's OIP land acquisition processes,this study deepens the academic understanding of OIP governance in developing countries and related international land transactions,offering practical OIP management insights for governments in both host and parent countries.
基金funded by the University of Macao(file no.MYRG2022-00162-FST and MYRG2019-00136-FST).
文摘The rapid growth of blockchain and Decentralized Finance(DeFi)has introduced new challenges and vulnerabilities that threaten the integrity and efficiency of the ecosystem.This study identifies critical issues such as Transaction Order Dependence(TOD),Blockchain Extractable Value(BEV),and Transaction Importance Diversity(TID),which collectively undermine the fairness and security of DeFi systems.BEV-related activities,including sandwich attacks,liquidations,transaction replay etc.have emerged as significant threats,collectively generating$540.54 million in losses over 32 months across 11,289 addresses,involving 49,691 cryptocurrencies and 60,830 on-chain markets.These attacks exploit transaction mechanics to manipulate asset prices and extract value at the expense of other participants,with sandwich attacks being particularly impactful.Additionally,the growing adoption of blockchain in traditional finance highlights the challenge of TID,wherein high transaction volumes can strain systems and compromise time-sensitive operations.To address these pressing issues,we propose a novel Distributed Transaction Sequencing Strategy(DTSS)that integrates forking mechanisms with an Analytic Hierarchy Process(AHP)to enforce fair and transparent transaction ordering in a decentralized manner.Our approach is further enhanced by an optimization framework and the introduction of a Normalized Allocation Disparity Metric(NADM)that ensures optimal parameter selection for transaction prioritization.Experimental evaluations demonstrated that the DTSS effectively mitigated BEV risks,enhanced transaction fairness,and significantly improved the security and transparency of DeFi ecosystems.
文摘P2P trading is driving the decentralization of the electricity market,the autonomy and privacy requirements of prosumers may intro-duce safety risks such as voltage violations.Existing security management methods based on price guidance may face unsolvable situa-tions in trading scenarios and have difficulty assessing the impact of P2P transactions on voltage security.To this end,this paper proposes a novel distribution system operator(DSO)-prosumers bi-level optimization framework incorporating the dynamic operating envelope(DOE)and risk coefficient-based network usage charge(RC-NUC).In the upper-level,the DOE is employed for dynamic voltage man-agement to prevent violations while the RC-NUC further guides prosumers to engage in grid-friendly transactions.The lower-level decen-tralized market enables prosumers to optimize trading decisions autonomously.Only price signals and energy quantities are exchanged between the two levels,ensuring the privacy of both parties.Additionally,an alternating direction method of multipliers(ADMM)with adaptive penalty factor is introduced to improve computational efficiency.Case studies on a modified IEEE 33-bus system demonstrate that the proposed method reduces voltage violation risks by 18.31%and enhances trading efficiency by 32.3%.These results highlight the feasibility and effectiveness of the approach in advancing secure and efficient distributed energy transactions.
文摘Blockchain platform swith the unique characteristics of anonymity,decentralization,and transparency of their transactions,which are faced with abnormal activities such as money laundering,phishing scams,and fraudulent behavior,posing a serious threat to account asset security.For these potential security risks,this paper proposes a hybrid neural network detection method(HNND)that learns multiple types of account features and enhances fusion information among them to effectively detect abnormal transaction behaviors in the blockchain.In HNND,the Temporal Transaction Graph Attention Network(T2GAT)is first designed to learn biased aggregation representation of multi-attribute transactions among nodes,which can capture key temporal information from node neighborhood transactions.Then,the Graph Convolutional Network(GCN)is adopted which captures abstract structural features of the transaction network.Further,the Stacked Denoising Autoencode(SDA)is developed to achieve adaptive fusion of thses features from different modules.Moreover,the SDA enhances robustness and generalization ability of node representation,leading to higher binary classification accuracy in detecting abnormal behaviors of blockchain accounts.Evaluations on a real-world abnormal transaction dataset demonstrate great advantages of the proposed HNND method over other compared methods.
基金funded by the Deanship of Scientific Research,Vice Presidency for Graduate Studies and Scientific Research,King Faisal University,Saudi Arabia[Grant No.KFU241683].
文摘This paper proposes a novel hybrid fraud detection framework that integrates multi-stage feature selection,unsupervised clustering,and ensemble learning to improve classification performance in financial transaction monitoring systems.The framework is structured into three core layers:(1)feature selection using Recursive Feature Elimination(RFE),Principal Component Analysis(PCA),and Mutual Information(MI)to reduce dimensionality and enhance input relevance;(2)anomaly detection through unsupervised clustering using K-Means,Density-Based Spatial Clustering(DBSCAN),and Hierarchical Clustering to flag suspicious patterns in unlabeled data;and(3)final classification using a voting-based hybrid ensemble of Support Vector Machine(SVM),Random Forest(RF),and Gradient Boosting Classifier(GBC).The experimental evaluation is conducted on a synthetically generated dataset comprising one million financial transactions,with 5% labelled as fraudulent,simulating realistic fraud rates and behavioural features,including transaction time,origin,amount,and geo-location.The proposed model demonstrated a significant improvement over baseline classifiers,achieving an accuracy of 99%,a precision of 99%,a recall of 97%,and an F1-score of 99%.Compared to individual models,it yielded a 9% gain in overall detection accuracy.It reduced the false positive rate to below 3.5%,thereby minimising the operational costs associated with manually reviewing false alerts.The model’s interpretability is enhanced by the integration of Shapley Additive Explanations(SHAP)values for feature importance,supporting transparency and regulatory auditability.These results affirm the practical relevance of the proposed system for deployment in real-time fraud detection scenarios such as credit card transactions,mobile banking,and cross-border payments.The study also highlights future directions,including the deployment of lightweight models and the integration of multimodal data for scalable fraud analytics.
文摘The global wave of digitalization has accelerated the process of corporate digital transformation,placing higher demands on financial and accounting management.Since then,accounting work has shifted from the traditional transactional model to a modern value management-oriented model,leading to a transformation of accounting functions.As corporate managers,they must advance their work proactively,empower the modernization and innovation of financial accounting with digital technology,and transition to management accounting to ensure enterprises keep pace with the times.Therefore,this paper explores the current status of corporate financial and accounting work amid the digital wave,identifies the challenges in the transformation of accounting from transactional to value management-oriented,and finally proposes several feasible and effective improvement strategies,aiming to provide more references for relevant practitioners.
基金supported in part by the National Natural Science Foundation of China(61972241)the Natural Science Foundation of Shanghai(24ZR1427500,22ZR1427100)+1 种基金the Key Projects of Natural Science Research in Anhui Higher Education Institutions(2022AH051909)Bengbu University 2021 High-Level Scientific Research and Cultivation Project(2021pyxm04).
文摘The task of detecting fraud in credit card transactions is crucial to ensure the security and stability of a financial system,as well as to enforce customer confidence in digital payment systems.Historically,credit card companies have used rulebased approaches to detect fraudulent transactions,but these have proven inadequate due to the complexity of fraud strategies and have been replaced by much more powerful solutions based on machine learning or deep learning algorithms.Despite significant progress,the current approaches to fraud detection suffer from a number of limitations:for example,it is unclear whether some transaction features are more effective than others in discriminating fraudulent transactions,and they often neglect possible correlations among transactions,even though they could reveal illicit behaviour.In this paper,we propose a novel credit card fraud detection(CCFD)method based on a transaction behaviour-based hierarchical gated network.First,we introduce a feature-oriented extraction module capable of identifying key features from original transactions,and such analysis is effective in revealing the behavioural characteristics of fraudsters.Second,we design a transaction-oriented extraction module capable of capturing the correlation between users’historical and current transactional behaviour.Such information is crucial for revealing users’sequential behaviour patterns.Our approach,called transactional-behaviour-based hierarchical gated network model(TbHGN),extracts two types of new transactional features,which are then combined in a feature interaction module to learn the final transactional representations used for CCFD.We have conducted extensive experiments on a real-world credit card transaction dataset with an increase in average F1 between 1.42%and 6.53%and an improvement in average AUC between 0.63%and 2.78%over the state of the art.
文摘Low data encryption efficiency and inadequate security are two issues with the current blockchain cross-chain transaction protection schemes.To address these issues,a blockchain cross-chain transaction protection scheme based on Fully Homomorphic Encryption(FHE)is proposed.In the proposed scheme,the functional relationship is established by Box-Muller,Discrete Gaussian Distribution Function(DGDF)and Uniform Random Distribution Func-tion(URDF)are used to improve the security and efficiency of key generation.Subsequently,the data preprocessing function is introduced to perform cleaning,deduplication,and normalization operations on the transaction data of multi-key signature,and it is classified into interactive data and asset data,so as to perform different homomorphic operations in the FHE encryption stage.Ultimately,in the FHE encryption stage,homomorphic multiplication and homomorphic addition are used targeted for the interactive data and asset data,thereby reducing the computational complexity and enhancing the FHE encryption efficiency.The significance of the proposed scheme is proved by experimental results:Firstly,the multi-key generation function and its specific sampling method and transformation ensure the security and efficiency of key generation.Data preprocessing can also accelerate the FHE encryption process by eliminating invalid data and redundancy,so the FHE encryption efficiency is significantly improved.Secondly,the FHE encryption method based on discrete logarithm problem enhances the security of transaction data and can effectively resist multiple attacks.In addition,the preprocessed data also has good performance in capacity storage.The proposed scheme has significant impacts on key indicators such as encryption efficiency and security,it provides a new reference for blockchain cross-chain transaction protection technology and has an important impact on the security improvement of various cross-chain transaction data.
