Customizable Encryption Algorithms to Manage Data Assets Based on Blockchain Technology in Smart City

Abstract

The adoption of blockchain technology can provide data asset management’s high security, privacy, and traceability. After a comprehensive investigation of the present blockchain-based data asset management mechanism, it was determined that it is only relevant to a portion of the blockchain system design. To address this issue, a new model of data asset management based on blockchain technology is being developed, which incorporates applications at all levels of the blockchain system. This model implements a network layer node authority control mechanism, a consensus layer consensus mechanism with customizable attributes, improved data query efficiency at the data layer by optimizing the structure and building indexes, intelligent data management, and smart contract layer management. Furthermore, at the transaction layer, sharing information encryption using customizable encryption algorithms is introduced. The experimental results reveal that, when compared to the traditional paradigm, the new blockchain-based data asset management strategy enhances the efficiency of on-chain data queries by 2.33 times.