Low powered blockchain consensus protocols based on consistent hash

Lei, Yu; Zhao, Xianfeng; Yan, Jin; Cai, Hengyi; Wei, Bo; Hu, Bin

doi:10.1631/fitee.1800119

Cited by 8 publications

(9 citation statements)

References 13 publications

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“…Decentralization, security, and energy consumption are the three major problems faced by blockchain consensus methods that cannot be improved synchronously. Using a consistent hash algorithm, Yu et al [15] described two novel blockchain consensus protocols: "CHB-consensus" and "CHBD-consensus". Guan et al [16] developed a concept of a blockchain-based energy trading system (BC-ETS) to solve the issues of centralized energy systems.…”

Section: Literature Reviewmentioning

confidence: 99%

Adoption of Blockchain With 5G Networks for Industrial IoT: Recent Advances, Challenges, and Potential Solutions

et al. 2022

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It has been proven that Internet of Things (IoT) platforms can improve the performance and efficiency of a wide range of processes. With the acceptance of IoT as a major part of the technology of Industry 4.0, the notion of leveraging the Internet in industries to enable automation and reconfigure existing industrial processes has greatly evolved. By introducing smart technology and intelligent processes, the Industrial Internet of Things (IIoT) is committed to bringing high operational efficiency, enhanced productivity, and effective management to industrial assets. Despite this, the reliance of IIoT on central architecture presents numerous challenges, including the security and maintenance of smart devices, privacy issues owing to third-party participation, and massive computations conducted by a central entity, all of which prevent its widespread adoption in businesses. Emerging blockchain technologies have the potential to transform IIoT platforms and applications. A distributed and decentralized approach followed by blockchain might offer interesting solutions to the challenges raised by IIoT. Furthermore, 5G networks are expected to deliver excellent solutions to meet the demands of decentralized systems, with a focus on application-specific vulnerabilities. Blockchain and IIoT, enabled by 5G, is a viable option to fully explore the potential of contemporary industry. In this context, this article analyzes and examines recent achievements to highlight the major obstacles in blockchain-IIoT convergence and presents a framework for potential solutions. Directions for the future are also provided and intend to assist researchers in understanding the full potential of these innovations.

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Section: Literature Reviewmentioning

confidence: 99%

Adoption of Blockchain With 5G Networks for Industrial IoT: Recent Advances, Challenges, and Potential Solutions

et al. 2022

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“…In a nutshell, a blockchain is composed of a set of blocks, with each block containing a header and transaction list [10]. The block header is made up of a root and a hash that uniquely identifies the previous block.…”

Section: Blockchain's Application Architecture Characteristics and mentioning

confidence: 99%

“…Examples of this type of algorithm are Practical Byzantine Fault Tolerance (PBFT), Proof of Stake (PoS), and Proof of Importance. Hybrid types are Proof-of-Elapsed-Time (PoET) and Proof of Authority (PoA) [10].…”

Section: Blockchain's Application Architecture Characteristics and mentioning

confidence: 99%

“…There is dearth of research that addresses the holistic view of blockchain implementation [8,10]. This holistic view is important to facilities in understanding blockchain from both business and technical perspectives and then developing the confidence to migrate to blockchain.…”

Section: Blockchain's Application Architecture Characteristics and mentioning

confidence: 99%

“…The literature outlines the complexity of blockchain from technical and business perspectives. The technical perspective has been widely addressed, focusing on technical infrastructure and processes such as peer-to-peer network [7,8], distributed data structure [2,8], database [3,4,9], secure blocks of data [1], consensus protocols [10], and encryption techniques [11]. However, there is limited research pertaining to the business perspective, which is focused on adopting blockchain in business transformation, transactions between participants, and impact analysis [5,12,13].…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Design Pattern Elicitation Framework for Proof of Integrity in Blockchain Applications

et al. 2020

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An emerging technology with a secure and a decentralized nature, blockchain has the potential to transform conventional practices in an efficient and dynamic manner. However, migrating to blockchain can be challenging due to the complexity of its infrastructure and processes. The complexity of building applications on blockchain has been highlighted by many studies, thus stressing the need to investigate practical solutions further. A commonly known software engineering concept, software design pattern contributes to the acceleration of software development. It offers a holistic reusable solution for commonly occurring problems in a given context. It helps to identify problems that occur repetitively and describes best practices to address them. The present study is one of the first investigations to inquire into design patterns for blockchain application. Seeking to reduce the complexity in understanding and building applications on blockchain, this paper identifies a design pattern elicitation framework from similar blockchain applications. Next, it provides a demonstration of the Proof of Integrity (PoI) pattern elicited from two different applications on the blockchain. The applicability of the pattern is evaluated by building a blockchain application to verify the integrity of the academic certificates and by explaining how this integrity has been achieved empirically.

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Leveraging blockchain technology to control contextualized business risks: Evidence from China

Zheng

Chong

et al. 2022

Information & Management

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Low powered blockchain consensus protocols based on consistent hash

Cited by 8 publications

References 13 publications

Adoption of Blockchain With 5G Networks for Industrial IoT: Recent Advances, Challenges, and Potential Solutions

Adoption of Blockchain With 5G Networks for Industrial IoT: Recent Advances, Challenges, and Potential Solutions

Design Pattern Elicitation Framework for Proof of Integrity in Blockchain Applications

Leveraging blockchain technology to control contextualized business risks: Evidence from China

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