Supervisable Anonymous Management of Digital Certificates for Blockchain PKI

Li, Shaozhuo; Wang, Na; Du, Xuehui; Li, Xuan

doi:10.1007/978-981-15-7981-3_10

Cited by 1 publication

(1 citation statement)

References 11 publications

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“…However, the blockchain technology development cycle is short, and the technology's evaluation is mixed [ 9 ]. The existing calculating methods may lead to a complex conversion procedure and low efficiency of long-term encryption and decryption process [ 10 ], yet all nodes in the blockchain network maintain the same block sequence and attain agreement according to the accepted norms [ 11 ]. In this research, we present the dDPoS algorithm and compare the experience with existing methods to verify the performance of the proposed method.…”

Section: Introductionmentioning

confidence: 99%

Development and Supervision of Financial Technology Based on Blockchain

Yang

2022

Computational Intelligence and Neuroscience

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Decentralization, stability, security, and immutability are all features of blockchain technology. Blockchain, as the underlying technology of Bitcoin’s digital monetary system, is currently sweeping the globe. Blockchain is a revolutionary decentralized database technology that employs encryption, a timestamp chain data structure, a distributed consensus mechanism, and other technologies to achieve decentralization, tamper resistance, easy tracking, and programmable smart contracts. In the face of rising financial technology, we must maintain inclusive, technological, and invasive regulatory principles that not only foster financial innovation, but also conduct dynamic supervision to avoid systemic financial hazards. The consensus algorithm is one of the main blockchain technologies that has a direct impact on the system’s functioning. As a result, in this paper, we propose a blockchain-based development and supervision method for financial technology, as well as an application of this technology to commercial settlement, which can significantly reduce data complexity, time consumption, and the structural chain phenomenon in existing transaction settlement. We bring the idea of pow competition into DPoS, construct a consensus algorithm with an upgrade mechanism, and call it delegated proof of work, based on an in-depth investigation of the working principle of pow (proof of work) (dDPoS). The blocking efficiency of the dDPoS consensus method is around one block every 10 seconds, which is significantly higher than the blocking efficiency of the POW and POS consensus algorithms. As a result, it offers a potential answer to traditional centralized institutions’ concerns of high brokerage costs and insecure central storage, as well as a wide range of application possibilities.

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Section: Introductionmentioning

confidence: 99%

Development and Supervision of Financial Technology Based on Blockchain

Yang

2022

Computational Intelligence and Neuroscience

View full text Add to dashboard Cite

show abstract

Supervisable Anonymous Management of Digital Certificates for Blockchain PKI

Cited by 1 publication

References 11 publications

Development and Supervision of Financial Technology Based on Blockchain

Development and Supervision of Financial Technology Based on Blockchain

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