Analysis of Consensus Mechanism Models in the Application of Industrial Projects Brought by Blockchain Technology

Qiu, Yimin1; Fu, Jia2,3; Lin, Weihui4

2018

2352-538X

PROCEEDINGS OF THE 2018 3RD INTERNATIONAL WORKSHOP ON MATERIALS ENGINEERING AND COMPUTER SCIENCES (IWMECS 2018)

78

349-353

29 AVENUE LAVMIERE, PARIS, 75019, FRANCE

ATLANTIS PRESS

Based on ERC20 standard, industrial chain platform is developed, where numerical comparison of consensus mechanisms of POW and POS are analyzed and discussed. Besides, some basic concepts of block chain, such as its types, consensus mechanism and incentive mechanism were briefly introduced, combined with features of virtual users, the framework of industrial chain based on blockchain technology was developed. The technical realization of this framework was introduced, and the formulation of smart contract was added. Afterwards, specific applications of blockchain in dating scenario, transaction, settlement and physical constraints were illuminated. Challenges of blockchain' s application in dating platform were discussed. The industrial chain aims to do more research and investigation on the design and implementation of blockchain technique, including security investigation for blockchain, related application of blockchain, the security architecture comparison of both blockchain security system and traditional centralized modes. The summaries for the advantages and disadvantages of consensus mechanism models in the application of industrial chain project brought by blockchain technology, and more actual application scenarios are derived.

Blockchain decentralization industrial chain security architecture application scenario

通讯

英语

CPCI-S

Shenzhen basic research project[JCYJ20160518112621719]

Computer Science ; Materials Science

Computer Science, Theory & Methods ; Materials Science, Multidisciplinary

WOS:000452191700075

Web of Science

1.Shenzhen Nisen Ind Co LTD, Shenzhen 518115, Peoples R China
2.Southern Univ Sci & Technol, Shenzhen 518055, Peoples R China
3.Xian Shiyou Univ, Xian 710065, Shaanxi, Peoples R China
4.Xi An Jiao Tong Univ, Xian 710049, Shaanxi, Peoples R China

Qiu, Yimin,Fu, Jia,Lin, Weihui. Analysis of Consensus Mechanism Models in the Application of Industrial Projects Brought by Blockchain Technology[C]. 29 AVENUE LAVMIERE, PARIS, 75019, FRANCE:ATLANTIS PRESS,2018:349-353.