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A Non-Consensus Based Decentralized ...
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Arizona State University.
A Non-Consensus Based Decentralized Financial Transaction Processing Model with Support for Efficient Auditing.
紀錄類型:
書目-語言資料,手稿 : Monograph/item
正題名/作者:
A Non-Consensus Based Decentralized Financial Transaction Processing Model with Support for Efficient Auditing./
作者:
Gupta, Saurabh.
面頁冊數:
1 online resource (83 pages)
附註:
Source: Masters Abstracts International, Volume: 55-06.
標題:
Computer science. -
電子資源:
click for full text (PQDT)
ISBN:
9781339932484
A Non-Consensus Based Decentralized Financial Transaction Processing Model with Support for Efficient Auditing.
Gupta, Saurabh.
A Non-Consensus Based Decentralized Financial Transaction Processing Model with Support for Efficient Auditing.
- 1 online resource (83 pages)
Source: Masters Abstracts International, Volume: 55-06.
Thesis (M.S.)--Arizona State University, 2016.
Includes bibliographical references
The success of Bitcoin has generated significant interest in the financial community to understand whether the technological underpinnings of the cryptocurrency paradigm can be leveraged to improve the efficiency of financial processes in the existing infrastructure. Various alternative proposals, most notably, Ripple and Ethereum, aim to provide solutions to the financial community in different ways. These proposals derive their security guarantees from either the computational hardness of proof-of-work or voting based distributed consensus mechanism, both of which can be computationally expensive. Furthermore, the financial audit requirements for a participating financial institutions have not been suitably addressed.
Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018
Mode of access: World Wide Web
ISBN: 9781339932484Subjects--Topical Terms:
573171
Computer science.
Index Terms--Genre/Form:
554714
Electronic books.
A Non-Consensus Based Decentralized Financial Transaction Processing Model with Support for Efficient Auditing.
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The success of Bitcoin has generated significant interest in the financial community to understand whether the technological underpinnings of the cryptocurrency paradigm can be leveraged to improve the efficiency of financial processes in the existing infrastructure. Various alternative proposals, most notably, Ripple and Ethereum, aim to provide solutions to the financial community in different ways. These proposals derive their security guarantees from either the computational hardness of proof-of-work or voting based distributed consensus mechanism, both of which can be computationally expensive. Furthermore, the financial audit requirements for a participating financial institutions have not been suitably addressed.
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This thesis presents a novel approach of constructing a non-consensus based decentralized financial transaction processing model with a built-in efficient audit structure. The problem of decentralized inter-bank payment processing is used for the model design. The two key insights used in this work are (1) to utilize a majority signature based replicated storage protocol for transaction authorization, and (2) to construct individual self-verifiable audit trails for each node as opposed to a common Blockchain. Theoretical analysis shows that the model provides cryptographic security for transaction processing and the presented audit structure facilitates financial auditing of individual nodes in time independent of the number of transactions.
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click for full text (PQDT)
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