A Blockchain Framework in Compliance with Data Protection Law to Manage and Integrate Human Knowledge by Fuzzy Cognitive Maps: Small Business Loans

Sachan, Swati ORCID: 0000-0003-0136-0553, Fickett, Dale S, Kyaw, Nan Ei Ei, Purkayastha, Rituparna Shome and Renimol, S (2023) A Blockchain Framework in Compliance with Data Protection Law to Manage and Integrate Human Knowledge by Fuzzy Cognitive Maps: Small Business Loans. In: 2023 IEEE International Conference on Blockchain and Cryptocurrency (ICBC), 2023-5-1 - 2023-5-5, Dubai, United Arab Emirates.

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Abstract

New firms have minimum accessibility to data, unlike large data repositories of businesses operating for longer periods. They rely on the knowledge exchange and perceptions of domain experts outside the organisation to enhance the capability of the decision support systems. This paper presents a framework on blockchain technology to develop a secure knowledge management service which addresses the challenges imposed by European and US data protection laws and high on-chain computational costs. It presents a hybrid off-chain and on-chain smart contract computation methodology for the scalable application of blockchain technology. It requires low on-chain storage cost and low cost of frequent data imports for off-chain AI computations. The framework demonstrates a real-world application of knowledge management by blockchain to integrate the judgment of multiple financial experts to design loan eligibility policies.

Item Type:	Conference or Workshop Item (Unspecified)
Uncontrolled Keywords:	blockchain, artificial intelligence, knowledgebase, loans, small business, finance
Divisions:	Faculty of Humanities and Social Sciences > School of Management
Depositing User:	Symplectic Admin
Date Deposited:	23 Mar 2023 09:07
Last Modified:	15 Mar 2024 18:14
DOI:	10.1109/ICBC56567.2023.10174925
Related URLs:	Author Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3169203