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This paper highlights the necessity to use modern blockchain technology in traditional banking sector to reduce frauds and enable high-security transactions on a permanent blockchain ledger. Reviewing different channels through which the…

Cryptography and Security · Computer Science 2022-06-10 Rishav Kumar

Blockchain has emerged as a decentralized and distributed framework that enables tamper-resilience and, thus, practical immutability for stored data. This immutability property is important in scenarios where auditability is desired, such…

Databases · Computer Science 2020-03-09 Mustafa Safa Ozdayi , Murat Kantarcioglu , Bradley Malin

Although Blockchain has been successfully used in many different fields and applications, it has been traditionally regarded as an energy-intensive technology, essentially due to the past use of inefficient consensus algorithms that…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-10-29 Tiago M. Fernández-Caramés , Paula Fraga-Lamas

The increasing availability of data from diverse sources, including trusted entities such as governments, as well as untrusted crowd-sourced contributors, demands a secure and trustworthy environment for storage and retrieval. Blockchain,…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-03-27 Aishwarya Parab , Prakhar Pradhan , Yogesh Simmhan , Arnab K. Paul

Consensus is unnecessary when the truth is available. In this paper, we present a new perspective of rebuilding the blockchain without consensus. When the consensus phase is eliminated from a blockchain, transactions could be canonized…

Networking and Internet Architecture · Computer Science 2022-09-29 Qing Wang , Jian Zheng , Huawei Huang , Jianru Lin

There is an ongoing competition among blockchain technologies and the existence of one ultimate blockchain is impossible for many reasons. On the other hand, such variety can create difficulties in adoption, especially for the governments…

Cryptography and Security · Computer Science 2020-07-24 Oleksii Konashevych

Blockchain technology is a Distributed Ledger Technology mainly used to store information in an immutable and secure way, but scalability and throughput issues are major challenges. Integration of the NoSQL paradigm within a Blockchain…

Software Engineering · Computer Science 2023-05-26 Federico Carrozzino , Marco Fiore , Marina Mongiello

The state-of-the-art approach to manage blockchains is to process blocks of transactions in a shared-nothing environment. Although blockchains have the potential to provide various services for high-performance computing (HPC) systems, HPC…

Distributed, Parallel, and Cluster Computing · Computer Science 2020-01-22 Abdullah Al-Mamun , Dongfang Zhao

Existing blockchain systems scale poorly because of their distributed consensus protocols. Current attempts at improving blockchain scalability are limited to cryptocurrency. Scaling blockchain systems under general workloads (i.e.,…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-03-13 Hung Dang , Tien Tuan Anh Dinh , Dumitrel Loghin , Ee-Chien Chang , Qian Lin , Beng Chin Ooi

Within the last few years, a countless number of blockchain systems have emerged on the market, each one claiming to revolutionize the way of distributed transaction processing in one way or the other. Many blockchain features, such as…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-11-01 Ankur Sharma , Felix Martin Schuhknecht , Divya Agrawal , Jens Dittrich

Many researchers have proposed replacing the aggregation server in federated learning with a blockchain system to improve privacy, robustness, and scalability. In this approach, clients would upload their updated models to the blockchain…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-11-15 Yongding Tian , Zhuoran Guo , Jiaxuan Zhang , Zaid Al-Ars

Although blockchains have become widely popular for their use in cryptocurrencies, they are now becoming pervasive as more traditional applications adopt blockchain to ensure data security. Despite being a secured network, blockchains have…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-12-10 Faisal Haque Bappy , Tariqul Islam , Tarannum Shaila Zaman , Md Sajidul Islam Sajid , Mir Mehedi Ahsan Pritom

Blockchain is a distributed database that keeps a chronologically-growing list (chain) of records (blocks) secure from tampering and revision. While computerisation has changed the nature of a ledger from clay tables in the old days to…

General Finance · Quantitative Finance 2016-12-20 Jan Hendrik Witte

In recent years, the advancement in modern technologies has experienced an explosion of huge data sets being captured and recorded in different fields, but also given rise to concerns the security and protection of data storage,…

Cryptography and Security · Computer Science 2019-12-24 Uchi Ugobame Uchibeke , Sara Hosseinzadeh Kassani , Kevin A. Schneider , Ralph Deters

As transaction fees skyrocket today, blockchains become increasingly expensive, hurting their adoption in broader applications. This work tackles the saving of transaction fees for economic blockchain applications. The key insight is that…

Cryptography and Security · Computer Science 2022-10-11 Yibo Wang , Yuzhe Tang

Permissionless blockchains such as Bitcoin have long been criticized for their high computational and storage overhead. Unfortunately, while a number of proposals address the energy consumption of existing Proof-of-Work deployments, little…

Cryptography and Security · Computer Science 2022-07-01 Alessandro Sforzin , Matteo Maso , Claudio Soriente , Ghassan Karame

Blockchain also known as a distributed ledger technology stores different transactions/operations in a chain of blocks in a distributed manner without needing a trusted third-party. Blockchain is proven to be immutable which helps for…

Cryptography and Security · Computer Science 2019-04-30 Danda B. Rawat , Vijay Chaudhary , Ronald Doku

Blockchain has been applied to data sharing to ensure the integrity of data and chain of custody. Sharing big data such as large biomedical data files is a challenge to blockchain systems since the ledger is not designed to maintain big…

Cryptography and Security · Computer Science 2021-09-17 Shan Wang , Ming Yang , Tingjian Ge , Yan Luo , Xinwen Fu

Blockchain technology is ushering in another break-out year, the challenge of blockchain still remains to be solved. This paper analyzes the features of Bitcoin and Bitcoin-NG system based on blockchain, proposes an improved method of…

Cryptography and Security · Computer Science 2018-11-01 Jia Kan , Shangzhe Chen , Xin Huang

Blockchain technologies are gaining massive momentum in the last few years. Blockchains are distributed ledgers that enable parties who do not fully trust each other to maintain a set of global states. The parties agree on the existence,…

Databases · Computer Science 2017-08-21 Tien Tuan Anh Dinh , Rui Liu , Meihui Zhang , Gang Chen , Beng Chin Ooi , Ji Wang