Achieving Greater Decentralization with Atomic Ownership Blockchains

Abstract

This paper proposes Atomic Ownership Blockchains (AOB), a novel blockchain architecture designed to address scalability and decentralization challenges in distributed ledger systems. AOB introduces an approach where each atomic object is represented by an independent blockchain, potentially allowing for horizontal scaling and enhanced security. The system stores only ownership transfer records, which may enable parallel transaction processing and improved throughput. By eliminating traditional mining and voting mechanisms, AOB aims to mitigate certain security risks while proposing an implicit consensus mechanism for resolving forks. The AOB architecture could potentially support the digitization of real-world assets and enable decentralized applications involving shared or fractional ownership. This paper presents the theoretical framework of AOB, discussing its potential advantages and outlining areas for future research and empirical validation. Practical implementation and rigorous testing are necessary to fully assess its viability and impact on digital ownership paradigms.