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RMBC: Randomized mesh blockchain using DBFT consensus algorithm

Title
RMBC: Randomized mesh blockchain using DBFT consensus algorithm
Authors
Jeon S.Doh I.Chae K.
Ewha Authors
채기준
SCOPUS Author ID
채기준scopus
Issue Date
2018
Journal Title
International Conference on Information Networking
ISSN
1976-7684JCR Link
Citation
International Conference on Information Networking vol. 2018-January, pp. 712 - 717
Keywords
BLOCKCHAINBYZANTINE FAULT TOLERENCECONSENSUSDBFTPRIVATEPROOF OF WORKPUBLICRANDOMIZEDRMBCSMART CONTRACTSMART MANAGER
Publisher
IEEE Computer Society
Indexed
SCOPUS scopus
Document Type
Conference Paper
Abstract
The blockchain is decentralized network system that verifies the validity of the transaction through the consensus of the verifiers without trusted third parties. This mechanism ensures transaction integrity disclosing transaction information transparently. Therefore, it is emerging as the core technology of the 4th industrial revolution by improving reliability and efficiency with features of decentralization, ensuring the integrity, and economic cost reduction. However, there are some problems with the growth of the blockchain. The popularly used PoW (Proof of Work) consensus algorithm applied to the public blockchain requires the price to be compensated in order to agree on the validity of the transaction. This has the disadvantage that the system doesn't operate without compensation. Also, the BFT (Byzantine Fault Tolerance) Algorithm using private blockchain has a limited number of acceptable malicious users. In this case, if the users collude with malicious and exceed the limited number, the transaction is rejected. In this paper, we propose a Smart Manager System and RMBC-DBFT (Randomized Mesh Blockchain Diversity of opinion BFT) enables the safe transaction to the problems above. © 2018 IEEE.
DOI
10.1109/ICOIN.2018.8343211
ISBN
9781538622896
Appears in Collections:
엘텍공과대학 > 컴퓨터공학과 > Journal papers
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