Design of Blockchain Implementation for Cooperative: Indonesia Case
Lukman Rosyidi, Rusmanto Maryanto, Muh Syaiful Romadhon · 2019 Fourth International Conference on Informatics and Computing (ICIC) · 2019
Cooperatives are social business entities which should be formed with the principle of transparency, equality and togetherness among its members. Fraud is one of the top problems that exist in cooperatives movement, especially in developing countries, in terms of recording transactions and managing assets. Blockchain as an emerging technology that can be a solution to prevent the problem and increase member trust to cooperative system, because financial data do not only hold on one party. Hence, there are many types of blockchain and its consensus that should be analyzed to determine which one that fits into cooperatives business operation. This study aims to design an architectural model of blockchain system by taking cooperatives as the case of implementation. This study uses a comparative analytical study to identify the type of blockchain and the consensus system that is most suitable for use in cooperatives, along with a description of the design of applications at different cooperative scales.