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We propose a blockchain architecture in which mining requires a quantum computer. The consensus mechanism is based on proof of quantum work, a quantum-enhanced alternative to traditional proof of work that leverages quantum supremacy to…

Blockchain is a decentralized, distributed ledger technology that ensures transparency, security, and immutability through cryptographic techniques. However, advancements in quantum computing threaten the security of classical cryptographic…

Cryptography and Security · Computer Science 2026-01-14 Nicholas J. C. Papadopoulos

Blockchains rely on a consensus among participants to achieve decentralization and security. However, reaching consensus in an online, digital world where identities are not tied to physical users is a challenging problem. Proof-of-work…

Cryptography and Security · Computer Science 2020-11-16 Hjalmar Turesson , Henry M. Kim , Marek Laskowski , Alexandra Roatis

We propose a proof-of-work algorithm that rewards blockchain miners for using computational resources to solve NP-complete puzzles. The resulting blockchain will publicly store and improve solutions to problems with real world applications…

Distributed, Parallel, and Cluster Computing · Computer Science 2017-09-05 Carlos G. Oliver , Alessandro Ricottone , Pericles Philippopoulos

To address the large amount of energy wasted by blockchains, we propose a decentralized consensus protocol for blockchains in which the computation can be used to search for good approximate solutions to any optimization problem. Our…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-12-03 Naoki Shibata

This work proposes a novel proof-of-work blockchain incentive scheme such that, barring exogenous motivations, following the protocol is guaranteed to be the optimal strategy for miners. Our blockchain takes the form of a directed acyclic…

Cryptography and Security · Computer Science 2022-06-22 Jakub Sliwinski , Roger Wattenhofer

In this paper, we provide an overview of the recent work in the quantum finance realm from various perspectives. The applications in consideration are Portfolio Optimization, Fraud Detection, and Monte Carlo methods for derivative pricing…

Cryptography and Security · Computer Science 2023-07-04 Abha Naik , Esra Yeniaras , Gerhard Hellstern , Grishma Prasad , Sanjay Kumar Lalta Prasad Vishwakarma

We propose the formal study of governed blockchains that are owned and controlled by organizations and that neither create cryptocurrencies nor provide any incentives to solvers of cryptographic puzzles. We view such approaches as…

Cryptography and Security · Computer Science 2017-05-17 Leif-Nissen Lundbaek , Andrea Callia D'Iddio , Michael Huth

Decentralized services are increasingly being developed and their Decentralized applications are increasingly developed but their performance metrics are not tested enough. The total number of transactions that can be supported by the…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-05-04 Melih Birim , Hüseyin Emre Ari , Enis Karaarslan

Blockchain has proven to be an emerging technology in the digital world, changing the way everyone thinks about data security and bringing efficiency to several industries. It has already been applied to a wide range of applications, from…

Cryptography and Security · Computer Science 2023-02-09 Md. Mijanur Rahman , Md Tanzinul Kabir Tonmoy , Saifur Rahman Shihab , Riya Farhana

Despite Information and Communication Technologies (ICT) have reduced the information asymmetry and increased the degree of interorganizational collaboration, the companies participating a supply chain are less inclined to share data when…

Cryptography and Security · Computer Science 2022-06-09 Francesco Longo , Letizia Nicoletti , Antonio Padovano , Gianfranco d'Atri , Marco Forte

Blockchain has attracted much attention from both academia and industry since emerging in 2008. Due to the inconvenience of the deployment of large-scale blockchains, blockchain simulators are used to facilitate blockchain design and…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-05-31 Xuyang Ma , Han Wu , Du Xu , Katinka Wolter

Technological advancements of Blockchain and other Distributed Ledger Techniques (DLTs) promise to provide significant advantages to applications seeking transparency, redundancy, and accountability. Actual adoption of these emerging…

Cryptography and Security · Computer Science 2021-10-12 Nivedita Dey , Mrityunjay Ghosh , Amlan Chakrabarti

Recently, distributed ledger technologies like blockchain have been proliferating and have attracted interest from the academic community, government, and industry. A wide range of blockchain solutions has been introduced, such as Bitcoin,…

Cryptography and Security · Computer Science 2022-08-25 Adel Albshri , Ali Alzubaidi , Bakri Awaji , Ellis Solaiman

Transaction throughput, confirmation latency and confirmation reliability are fundamental performance measures of any blockchain system in addition to its security. In a decentralized setting, these measures are limited by two underlying…

Cryptography and Security · Computer Science 2019-10-03 Vivek Bagaria , Sreeram Kannan , David Tse , Giulia Fanti , Pramod Viswanath

The Blockchain and the programs running on it, called Smart Contracts, are more and more applied in all fields requiring trust and strong certifications. In this work we compare public and permissioned blockchains for industrial…

Cryptography and Security · Computer Science 2020-05-07 Lodovica Marchesi , Michele Marchesi , Roberto Tonelli

As blockchain technology rapidly evolves, researchers face a significant challenge due to diverse and non-standardized simulation parameters, which hinder the replicability and comparability of research methodologies. This paper introduces…

Computational Engineering, Finance, and Science · Computer Science 2025-08-07 Hou-Wan Long , Yujun Pan , Xiongfei Zhao , Yain-Whar Si

Blockchain offers a decentralized, immutable, transparent system of records. It offers a peer-to-peer network of nodes with no centralised governing entity making it unhackable and therefore, more secure than the traditional paper-based or…

Cryptography and Security · Computer Science 2019-11-27 Harsh Jot Singh , Abdelhakim Senhaji Hafid

Blockchain is an essentially distributed database recording all transactions or digital events among participating parties. Each transaction in the records is approved and verified by consensus of the participants in the system that…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-07-07 Jie You

Blockchain technology has gained increasing popularity in the research of Internet of Things (IoT) systems in the past decade. As a distributed and immutable ledger secured by strong cryptography algorithms, the blockchain brings a new…

Cryptography and Security · Computer Science 2022-10-31 Ruipeng Zhang , Chen Xu , Mengjun Xie
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