Business Commons^™

Blockchain Based Efficient And Robust Fair Payment For Outsourcing Services In Cloud Computing, Yinghui Zhang, Robert H. Deng, Ximeng Liu, Dong Zheng

Research Collection School Of Computing and Information Systems

As an attractive business model of cloud computing, outsourcing services usually involve online payment and security issues. The mutual distrust between users and outsourcing service providers may severely impede the wide adoption of cloud computing. Nevertheless, most existing payment solutions only consider a specific type of outsourcing service and rely on a trusted third-party to realize fairness. In this paper, in order to realize secure and fair payment of outsourcing services in general without relying on any third-party, trusted or not, we introduce BCPay, a blockchain based fair payment framework for outsourcing services in cloud computing. We first present the …

The Technology Tide: Has It Hit The Shores Of Social Innovation?, Andrew Koh

Social Space

“We want a nice colour and it must look modern.”

That was the feedback some villagers gave during a design-thinking exercise regarding sanitation facilities. Although this took place several years ago, as part of my previous work in the international development sector, I remember the experience vividly. It struck me that most people—village-dwellers or Singaporeans alike—have similar aspirations for a better quality of living.

Easy Does It: Blockchain-Based Solutions For The Future, David Wong, Freddy Setiawan, Alvin Yong

Social Space

y now, most people are aware of Bitcoin and its meteoric rise in value. What is less known, however, is its underpinning technology, blockchain. Blockchain is a distributed ledger that records virtually all types of transactions.This distributed nature is reflected in itsphysical architecture, and is one of the main reasons for its strong resistance to hacking and its immutable nature.

All Systems Go: Building An Internet For Good, Sylvia Cadena

Social Space

The Internet has supercharged our ability to achieve development targets. Digital solutions, from both the public and private sectors, can facilitate unprecedented access to government and social services, banking andfinance, telehealth and well-being,education and training, employment opportunities, as well as create business opportunities.

Soa Maturity Influence On Digital Banking Transformation, Alan Megargel, Venky Shankararaman, Terence P. C. Fan

Research Collection School Of Computing and Information Systems

Digital Banking is an evolution of online banking, where the banks attempt to further enhance customer experience by integrating digital technologies such as mobile technology, social media and analytics. Traditional banks have the highest barriers to entry into the digital banking market due to the presence of legacy core banking systems. These legacy systems while still high performing and reliable, are inflexible to change and are not easily integrated to the modern application systems needed for delivering digital banking services across multiple online banking channels. One solution that is widely adopted in the industry to overcome this obstacle is the …

Quadratic Two-Stage Stochastic Optimization With Coherent Measures Of Risk, Jie Sun, Li-Zhi Liao, Brian Rodrigues

Research Collection Lee Kong Chian School Of Business

A new scheme to cope with two-stage stochastic optimization problems uses a risk measure as the objective function of the recourse action, where the risk measure is defined as the worst-case expected values over a set of constrained distributions. This paper develops an approach to deal with the case where both the first and second stage objective functions are convex linear-quadratic. It is shown that under a standard set of regularity assumptions, this two-stage quadratic stochastic optimization problem with measures of risk is equivalent to a conic optimization problem that can be solved in polynomial time.

Real-Time Inbound Marketing: A Use Case For Digital Banking, Alan Megargel, Venky Shankararaman, Srinivas K. Reddy

Research Collection School Of Computing and Information Systems

Over the years banks have been strategically using digital technologies to help transform various aspects of their business. In recent times, this strategy has evolved into one of digital augmentation of the bank’s processes, products and channels. This allows for reaching out to customers and partners through digital platforms, for example; the addition of mobile apps for customers to access and perform service transactions. Marketing continues to play a major role in supporting the expansion of business and increasing revenue for the bank. Marketing has evolved from mass direct targeting to more personalised, face-to-face and real-time targeting. In the digital …