Decision Making using the Blockchain Proof of Authority Consensus

Abstract

As the modern world migrates towards an interconnected environment, be it financially, socially, or industrially, the need for distributed systems has become paramount. Emergent paradigms need decentralized solutions to better handle the single point of failure problem, one example is given by the Internet of Things (IoT), in which devices need to be connected to a central hub to function, or the secure decision making process. Blockchain comes with the solution that overcomes some of the shortcomings in existing systems and provides a secure alternative when designing decentralized systems. This paper proposes a decision making system based on the Proof of Authority consensus protocol enabled by the blockchain paradigm.