Butean, A, Pournaras, E, Tara, A et al. (2 more authors) (2020) Dynamic Consensus: Increasing Blockchain Adaptability to Enterprise Applications. In: Proceedings of the 9th Computer Science On-line Conference 2020. CSOC 2020: Applied Informatics and Cybernetics in Intelligent Systems, 15 Jul 2020, Zlin, Czech Republic. Springer International Publishing , Cham, Switzerland , pp. 433-442. ISBN 9783030519735
Abstract
Decentralization powered by blockchain is validated for its capability to build trust like no other computational system before. The evolution of blockchain models has opened new use-cases that are becoming operational in many industry fields such as: energy, healthcare, banking, cross-border trade, aerospace, supply chain, and others. The core component of a decentralized architecture is the consensus algorithm - the set of rules that ensures an automated and fair agreement between the actors in the same network. Classic consensus algorithms are tailored to solve specific problems, but in an open ecosystem, each business case is unique and needs a certain level of customization. This paper introduces a new meta-consensus model called Dynamic Consensus, an architecture extension that allows multiple, complementary, consensus algorithms to run on the same platform. While classic consensus mechanisms are more appropriate for public or private systems (narrow set of rules), a dynamic approach would fit better for federated business consortiums (more rules and higher need for adaptability). The model is illustrated and analyzed as an ongoing experimental feature that can be added to enterprise blockchains designed to operate in cross-domain environments.
Metadata
Item Type: | Proceedings Paper |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | © Springer Nature Switzerland AG 2020. This is an author produced version of a conference paper published in Proceedings of the 9th Computer Science On-line Conference 2020. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Decentralized system; Blockchain; Consensus; Enterprise |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Engineering & Physical Sciences (Leeds) > School of Computing (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 22 Apr 2021 09:07 |
Last Modified: | 08 Aug 2021 00:38 |
Status: | Published |
Publisher: | Springer International Publishing |
Identification Number: | 10.1007/978-3-030-51974-2_41 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:173340 |