Abstract
Blockchain technology is a revolution started as a new economy with an alternative currency namely Bitcoin. Besides the economical aspect, the technological capabilities of Blockchain such as distributed computing, record keeping, irrecoverability of transactions, reliability and etc., are harness
Highlights
Blockchain is a series of blocks with records in a distributed environment and are managed by group of computing nodes called peers with characteristics like immutability, transparency, scalability, reliability and etc [1]
To analyse the performance of the proposed trust model, experiments were conducted in three different scenarios namely, without trust model, with trust model having threshold value 0.75 and with trust model having threshold value 0.6
The performance of the proposed trust model is analysed in three different scenarios for the following evaluation metrics
Summary
Blockchain is a series of blocks with records in a distributed environment and are managed by group of computing nodes called peers with characteristics like immutability, transparency, scalability, reliability and etc [1]. To further strengthen the security the entire block is protected by a hash and the hash is stored in the previous block. Blockchain is a decentralized information base with improved security and integrity of data that are stored regardless of the type of Blockchain namely permissionless or permissioned Blockchain. Permissioned Blockchain requires the nodes to be authenticated and controlled by central authority preventing accessing data directly unlike the permissionless Blockchain [4]. In permissionless Blockchain any node can access the data without any centralized administration. Though there are many application areas in the Blockchain, apparently the consensus mechanism is important that decides the access control of the data with the help of set of nodes in the network namely miners.
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
