Comparisons of Bitcoin Cryptosystem with Other Common Internet Transaction Systems by AHP Technique

Davor Maček, Dino Alagić

Abstract


This paper describes proposed methodology for evaluation of critical systems and prioritization of critical risks and assets identified in highly secured information systems. For different types of information assets or security environments it is necessary to apply different techniques and methods for their prioritization and evaluation. In this article, VECTOR matrix method for prioritization of critical assets and critical risks is explained and integrated into AHP (Analytic Hierarchy Process) technique as a set of fixed criteria for evaluation of defined alternatives. Bitcoin cryptocurrency was compared and evaluated along with other common Internet transaction systems by information security professionals according to defined VECTOR criteria. Also, the newly proposed hybrid AHP model is presented with potential case studies for future research. This article tries to discover security posture of Bitcoin cryptocurrency in the context of information security risks related to the existing most common online payment systems like e-banking, m-banking, and e-commerce.


Keywords


Cryptosystem; Cryptocurrency; Bitcoin; Analytic Hierarchy Process;Multi-criteria Decision Analyses; VECTOR; Information Security Risk; transaction systems

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Journal of Information and Organizational Sciences (Online)
ISSN 1846-9418 (online)
ISSN 1846-3312 (print)