Blockchain-based privacy and security model for transactional data in large private networks

Abstract

Cyberphysical systems connect physical devices and large private network environments in modern communication systems. A fundamental worry in the establishment of large private networks is mitigating the danger of transactional data privacy breaches caused by adversaries using a variety of exploitation techniques. This study presents a privacy-preserving architecture for ensuring the privacy and security of transaction data in large private networks. The proposed model employs digital certificates, RSA-based public key infrastructure, and the blockchain to address user transactional data privacy concerns. The model also guarantees that data in transit remains secure and unaltered and that its provenance remains authentic and secure during node-to-node interactions within a large private network. The proposed model has increased the encryption speed by about 17 times, while the decryption process is expedited by 4 times. Therefore, the average overall acceleration obtained was 16.5. Both the findings of the security analysis and the performance analysis demonstrate that the proposed model can safeguard transactional data during communications on large private networks more effectively and securely than the existing solutions.