Blockchain and Biometrics Authorization: What We Actually Count Truly Counts?

The purpose of this paper is to explore the possibility of sharing value among complexly related stakeholders using blockchain, the core technology of cryptocurrency (Bitcoin) [Nakamoto (Bitcoin: A peer-to-peer electronic cash system, 2008)]. In particular, the value interaction between human input (smell, taste, touch, sound, sight) and human output (tactile, symbol, writing, sound, voice) as IoB (Internet of Body) via the blockchain is concerned. This interaction is related to the cognitive circuits in the brain [Turnbull (A sustainable future for corporate governance theory and practice, 2012)]. The dilemma is the autonomous decentralization of systems through P2PP2P (peer-to-peer authorization) and the digital invasion of biological privacy. IoBIoB privacy data are a human rights issue and must be protected appropriately and evaluated. Personal physical data give possibilities for understanding effective predictions of the collective humanhuman action. This is similer to adopting process of bitcoin into society. In other words, it is similar to finding a causal correlation with a logical way of thinking as the background of data. Does society (collective cognition) admit new things like Bitcoin as a payment method? Here, the correlationcorrelation between e-commerce data, Bitcoin prices, NASDAQNASDAQ, and other variables is concerned. As a result, Bitcoin strongly correlated with NASDAQ (0.844), the regression coefficient with e-commerce data was negative 5%, significantly negative to the Bitcoin price, and 1% strongly positive with the NASDAQ index (equation: Y 1 = − 6.59 × 10 − 16 − 0.211 X 1 ∗ + 0.068 X 2 − 0.233 X 3 + 0.863 X 4 ∗ ∗ ∗ $$ {Y}_1=-6.59\times {10}^{-16}-0.211{X}_1^{\ast }+0.068{X}_2-0.233{X}_3+0.863{X}_4^{\ast \ast \ast } $$ ). It assumed Bitcoin does not work as a major payment method for e-commerce when the price of Bitcoin continues to rises and fluctuates. However, if Tesla and Visa purchase Bitcoin as their payment method, the price will rise due to increased trust. Therefore, this phenomenon shows that the blockchain technology,blockchain technology as a proxy variable, and the NASDAQ, has been very promising.