Analysis of consensus mechanism models in the application of industrial projects brought by blockchain technology

DOI

10.2991/iwmecs-18.2018.75How to use a DOI?

Keywords

Blockchain, decentralization, industrial chain, security architecture, application scenario.

Abstract

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.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yimin Qiu
AU  - Jia Fu
AU  - Weihui Lin
PY  - 2018/04
DA  - 2018/04
TI  - Analysis of consensus mechanism models in the application of industrial projects brought by blockchain technology
BT  - Proceedings of the 2018 3rd International Workshop on Materials Engineering and Computer Sciences (IWMECS 2018)
PB  - Atlantis Press
SP  - 349
EP  - 353
SN  - 2352-538X
UR  - https://doi.org/10.2991/iwmecs-18.2018.75
DO  - 10.2991/iwmecs-18.2018.75
ID  - Qiu2018/04
ER  -