Overview of Blockchain Technology Development

Baohong, HE; Yihui, Zhang; Qing, Su-de

doi:10.31193/ssap.02.9787520153133.5

Cited by 1 publication

(1 citation statement)

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“…In order to ensure the security and integrity of data stored on the blockchain, a variety of modern cryptographic technologies are used in the definition and construction of blocks and blockchains, including public key encryption systems, hash functions, and Merkle trees, etc. [11][12][13][14] At the same time, a large number of related cryptographic techniques are also used in the design of a variety of different consensus algorithms.…”

Section: Cryptography In the Blockchainmentioning

confidence: 99%

Anti-Counterfeiting and Traceability Mechanism Based on Blockchain

Tan

Goyal

2021

Recent Trends in Intensive Computing

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The anti-counterfeiting traceability system based on blockchain technology can ensure the accuracy and consistency of the data stored by each participating node, protect the legitimacy of the data, ensure the product quality, improve the credibility of enterprises, and enhance consumers’ confidence in products. However, due to the low system throughput, high energy consumption and poor data availability, the combination of blockchain and traditional anti-counterfeiting traceability mode has many challenges, such as low efficiency. This paper aims to find an improved consensus mechanism based on contribution proof to improve the mining efficiency of honest miners. And plan to introduce a credit system, give priority to the high credit value of the mining block to package, improve the overall packaging efficiency of the system, to solve the problem of low feedback efficiency of the blockchain anti-counterfeiting system.

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Section: Cryptography In the Blockchainmentioning

confidence: 99%