Blockchain Based Decentralized Trust Management framework

Abstract

The blockchain is a storage technology and transmission of information, transparent, secure, and operating without central control. In this paper, we propose a new decentralized trust management and cooperation model where data is shared via blockchain and we explore the revenue distribution under different consensus schemes. To reduce the power calculation with respect to the control mechanism, our proposal adopts the possibility of Proof on Trust (PoT) and Proof of proof-of-stake based trust to replace the proof of work (PoW) scheme, to carry out the mining and storage of new data blocks. To detect nodes with malicious behavior to provide false system information, the trust updating algorithm is proposed..