Blockchain Interoperability Using Hash Time Locks

Dcunha, Snoviya; Patel, Srushti; Sawant, Shravani; Kulkarni, Varsha; Shirole, Mahesh

doi:10.1007/978-981-16-0275-7_39

Cited by 3 publications

(1 citation statement)

References 4 publications

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“…Blockchain bridges are an important development in the blockchain space because they enable greater interoperability between different blockchain networks, which can facilitate decentralization, scalability, and innovation. In previous studies by some researchers [19][20][21][22][23][24], the implementation of blockchain bridges depends on different technologies, such as: Hash Locks, Sidechains, Atomic Swaps, Bridge Validators, Multi-Signature Transactions, Bridge token, etc.…”

Section: Figure 2 Blockchain Bridge Between Two Networkmentioning

confidence: 99%

Enhancing Trustworthiness and Interoperability of Electronic Voting Systems through Blockchain Bridges

Rexha,

Neziri,

Dervishi

2023

HighTech. Innov. J.

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Decentralized applications leveraging blockchain technology are gaining widespread adoption within the decentralized applications ecosystem. Interoperability, a fundamental concept facilitating seamless data and processing power exchange across diverse blockchain networks, is paramount in this context. The primary objective of this paper is to explore the transformative potential of "blockchain bridges" in facilitating secure and transparent electronic voting processes across multiple blockchain networks. The study employs a comprehensive analysis of various approaches, including atomic exchanges, sidechains, cross-chain bridges, token wrappers, and interledger protocols. The selection of a specific method is guided by the unique requirements and privacy considerations of the electronic voting use case. The application of two distinct blockchains serves as a practical demonstration, illustrating the principles of blockchain bridges in real-world scenarios. The research reveals that blockchain bridges not only streamline the exchange of data between diverse blockchain networks but also establish a dual decentralization paradigm. This paradigm enables the creation of openly maintained, purpose-specific, decentralized ledgers for electronic voting. The integration of blockchain bridges significantly reduces the risk of fraud, instilling greater confidence in the accuracy of election results. Thus, by presenting a comprehensive array of approaches and emphasizing their practical application, this research contributes to advancing the understanding and implementation of blockchain technology in the critical domain of electronic voting. Doi: 10.28991/HIJ-2023-04-04-04 Full Text: PDF

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Section: Figure 2 Blockchain Bridge Between Two Networkmentioning

confidence: 99%

Enhancing Trustworthiness and Interoperability of Electronic Voting Systems through Blockchain Bridges

Rexha,

Neziri,

Dervishi

2023

HighTech. Innov. J.

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Blockchain Interoperability Landscape

Kang

Gupta

Seneviratne

2022

2022 IEEE International Conference on Big Data (Big Data)

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A Review of Blockchain in Fintech: Taxonomy, Challenges, and Future Directions

Nelaturu

2022

Cryptography

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The primary purpose of this paper is to bridge the technology gap between Blockchain and Fintech applications. Blockchain technology is already being explored in a wide number of Fintech sectors. After creating a unique taxonomy for Fintech ecosystems, this paper outlines a number of implementation scenarios. For each of the industries in which blockchain is already in use and has established itself as a complementary technology to traditional systems, we give a taxonomy of use cases. In this procedure, we cover both public and private blockchains. Because it is still believed to be in its infancy, especially when it comes to financial use cases, blockchain has both positive and negative aspects. As a result, it is critical to be aware of all of the open research issues in this field. Our goal is to compile a list of open research challenges related to various aspects of the blockchain’s protocol and application layers. Finally, we will provide a clear understanding of the applications for which blockchain can be valuable, as well as the risks associated with its use in parallel.

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Blockchain Interoperability Using Hash Time Locks

Cited by 3 publications

References 4 publications

Enhancing Trustworthiness and Interoperability of Electronic Voting Systems through Blockchain Bridges

Enhancing Trustworthiness and Interoperability of Electronic Voting Systems through Blockchain Bridges

Blockchain Interoperability Landscape

A Review of Blockchain in Fintech: Taxonomy, Challenges, and Future Directions

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