Blockchain Papers

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Jan 1, 2019·UPCommons institutional repository (Universitat Politècnica de Catalunya)
35 cites
Distributed Access Control with Blockchain

Jordi Paillissé, Jordi Subira, Albert López, Alberto Rodríguez-Natal · 7 authors

The specification and enforcement of network-wide policies in a single administrative domain is common in today's networks and considered as already resolved. However, this is not the case for multi-administrative domains, e.g. among different enterprises. In such situation, new problems arise that challenge classical solutions such as PKIs, which suffer from scalability and granularity concerns. In this paper, we present an extension to Group-Based Policy -- a widely used network policy language -- for the aforementioned scenario. To do so, we take advantage of a permissioned blockchain implementation (Hyperledger Fabric) to distribute access control policies in a secure and auditable manner, preserving at the same time the independence of each organization. Network administrators specify polices that are rendered into blockchain transactions. A LISP control plane (RFC 6830) allows routers performing the access control to query the blockchain for authorizations. We have implemented an end-to-end experimental prototype and evaluated it in terms of scalability and network latency.

Open access
3 source records
cs.NI
cs.CR
Software-Defined Networks and 5G
Original source
Jan 1, 2019·Transdisciplinary Engineering Methods for Social Innovation of Industry 4.0, 2018
20 cites
Blockchain-Based Cloud Manufacturing: Decentralization

Ali Vatankhah Barenji, Hanyang Guo, Zonggui Tian, Zhi Li · 6 authors

Recently, there has been growing interest in the field of cloud manufacturing (CM) amongst researchers in the manufacturing community. Cloud manufacturing is a customer-driven manufacturing model that was inspired by cloud computing, and its major objective was to provide ubiquitous on-demand access to services. However, the current CM architecture suffers from problems that are associated with a centralized based industrial network framework and third part operation. In a nutshell, centralized networking has had issues with flexibility, efficiency, availability, and security. Therefore, this paper aims to tackle these problems by introducing an ongoing project to a decentralized network architecture for cloud manufacturing which is based on the blockchain technology. In essence, this research paper introduces the blockchain technology as a decentralized peer to peer network for multiple cloud manufacturing providers.

Open access
2 source records
cs.DC
cs.CR
Blockchain Technology Applications and Security
Original source
Jan 1, 2019·SSRN Electronic Journal
7 cites
Towards a Functional Fee Market for Cryptocurrencies

Soumya Basu, David Easley, Maureen O’Hara, Emin Gün Sirer

Blockchain-based cryptocurrencies prioritize transactions based on their fees, creating a unique kind of fee market. Empirically, this market has failed to yield stable equilibria with predictable prices for desired levels of service. We argue that this is due to the absence of a dominant strategy equilibrium in the current fee mechanism. We propose an alternative fee setting mechanism that is inspired by generalized second price auctions. The design of such a mechanism is challenging because miners can use any criteria for including transactions and can manipulate the results of the auction after seeing the proposed fees. Nonetheless, we show that our proposed protocol is free from manipulation as the number of users increases. We further show that, for a large number of users and miners, the gain from manipulation is small for all parties. This results in users proposing fees that represent their true utility and lower variance of revenue for miners. Historical analysis shows that Bitcoin users could have saved $272,528,000 USD in transaction fees while miners could have reduced the variance of fee income by an average factor of 7.4 times.

Open access
2 source records
cs.CR
cs.GT
Blockchain Technology Applications and Security
Original source
Jan 1, 2019·Lecture notes in computer science
16 cites
Tendrils of Crime: Visualizing the Diffusion of Stolen Bitcoins

Mansoor Ahmed, Ilia Shumailov, Ross Anderson

The first six months of 2018 saw cryptocurrency thefts of $761 million, and the technology is also the latest and greatest tool for money laundering. This increase in crime has caused both researchers and law enforcement to look for ways to trace criminal proceeds. Although tracing algorithms have improved recently, they still yield an enormous amount of data of which very few datapoints are relevant or interesting to investigators, let alone ordinary bitcoin owners interested in provenance. In this work we describe efforts to visualize relevant data on a blockchain. To accomplish this we come up with a graphical model to represent the stolen coins and then implement this using a variety of visualization techniques.

Open access
3 source records
cs.CY
cs.CR
cs.HC
Original source
Jan 1, 2019·Annals of Emerging Technologies in Computing (AETiC), Print ISSN: 2516-0281, Online ISSN: 2516-029X, pp. 42-50, Vol. 3, No. 1, 1st January 2019, Published by International Association of Educators and Researchers (IAER)
46 cites
Atomic Cross-chain Swaps: Development, Trajectory and Potential of Non-monetary Digital Token Swap Facilities

Mahdi H. Miraz, David C. Donald

Since the introduction of Bitcoin in 2008, many other cryptocurrencies have been introduced and gained popularity. Lack of interoperability and scalability amongst these cryptocurrencies was - and still is - acting as a significant impediment to the general adoption of cryptocurrencies and coloured tokens. Atomic Swaps – a smart exchange protocol for cryptocurrencies - is designed to facilitate a wallet-to-wallet transfer enabling direct trades amongst different cryptocurrencies. Since swaps between cryptocurrencies are still relatively unknown, this article will investigate the operation and market development thus far and query the advantages they offer and the future challenges they face. The paper contains detailed literature and technology reviews, followed by the main analysis and findings.

Open access
4 source records
cs.CR
cs.DC
cs.NI
Original source
Jan 1, 2019·Padua Research Archive (University of Padova)
29 cites
Blockchain trilemma solver algorand has dilemma over undecidable messages

Mauro Conti, Ankit Gangwal, Michele Todero

A variety of solutions, e.g., Proof-of-Work (PoW), Proof-of-Stake (PoS), Proof-of-Burn (PoB), and Proof-of-Elapsed-Time (PoET), have been proposed to make consensus mechanism used by the blockchain technology more democratic, efficient, and scalable. However, these solutions have a number of limitations, e.g., PoW approach requires a huge amount of computational power, scales poorly, and wastes a lot of electrical energy. Recently, an innovative protocol called Algorand has been proposed to overcome these limitations. Algorand not only guarantees an overwhelming probability of linearity of the blockchain, but it also aims to solve the “blockchain trilemma” of decentralization, scalability, and security. In this paper, we present a security analysis of Algorand. To the best of our knowledge, it is the first security analysis as well as the first formal study on Algorand. We designed an attack scenario in which a group of malicious users tries to break the protocol, or at least limit it to a reduced partition of network users, by exploiting a security flaw in the messages validation process of the Byzantine Agreement (BA). Since the source code or an official simulator for Algorand was not available at the time of our study, we created a simulator (which is available on request) to implement the protocol and assess the feasibility of our attack scenario. Our attack requires the attacker to merely have the trivial capability of establishing multiple connections with targeted nodes, and it costs practically nothing to the attacker. Our results show that it is possible to slow down the message validation process on honest nodes - which eventually forces them to select default values on the consensus - leaving the targeted nodes behind in the chain as compared to the non-attacked nodes. Even though our results are subject to the real implementation of the protocol, the core concept of our attack remains valid.

Open access
3 source records
Blockchain Technology Applications and Security
Distributed systems and fault tolerance
Cryptography and Data Security
Original source
Jan 1, 2019·National Bureau of Economic Research
17 cites
More (or Less) Economic Limits of the Blockchain

Joshua S. Gans, Neil Gandal

This paper extends the blockchain sustainability framework of Budish (2018) to consider proof of stake (in addition to proof of work) consensus mechanisms and permissioned (where the number of nodes are fixed) networks. It is demonstrated that an economically sustainable network will involve the same cost regardless of whether it is proof of work or proof of stake although in the later the cost will take the form of illiquid financial resources. In addition, it is shown that regulating the number of nodes (as in a permissioned network) does not lead to additional cost savings that cannot otherwise be achieved via a setting of block rewards in a permissionless (i.e., free entry) network. This suggests that permissioned networks will not be able to economize on costs relative to permissionless networks.

Open access
4 source records
Blockchain Technology Applications and Security
cs.CR
Original source
Jan 1, 2019·reposiTUm (TU Wien)
98 cites
Dextt: Deterministic Cross-Blockchain Token Transfers

Michael Borkowski, Marten Sigwart, Philipp Frauenthaler, Taneli Hukkinen · 5 authors

Current blockchain technologies provide very limited interoperability. Restrictions with regard to asset transfers and data exchange between different blockchains reduce the usability and comfort of users, and hinder novel developments within the blockchain space. As a first step towards blockchain interoperability, we propose the DeXTT cross-blockchain transfer protocol, which can be used to record a token transfer on any number of blockchains simultaneously in a decentralized manner. We provide a reference implementation using Solidity, and evaluate its performance. We show logarithmic scalability of DeXTT with respect to the number of participating nodes, and analyze cost requirements of the transferred tokens.

Open access
3 source records
Blockchain Technology Applications and Security
IoT and Edge/Fog Computing
Cloud Data Security Solutions
Original source
Jan 1, 2019·Lecture notes in business information processing
34 cites
Blockchain-based Application Security Risks: A Systematic Literature Review

Mubashar Iqbal, Raimundas Matulevičius

Although the blockchain-based applications are considered to be less vulnerable due to the nature of the distributed ledger, they did not become the silver bullet with respect to securing the information against different security risks. In this paper, we present a literature review on the security risks that can be mitigated by introducing the blockchain technology, and on the security risks that are identified in the blockchain-based applications. In addition, we highlight the application and technology domains where these security risks are observed. The results of this study could be seen as a preliminary checklist of security risks when implementing blockchain-based applications.

Open access
2 source records
cs.CR
Blockchain Technology Applications and Security
IoT and Edge/Fog Computing
Original source
Jan 1, 2019·IRIS Research product catalog (Sapienza University of Rome)
22 cites
Secure Open Federation of IoT Platforms Through Interledger Technologies -- The SOFIE Approach

Dmitrij Lagutin, Francesco Bellesini, Tommaso Bragatto, Alessio Cavadenti · 13 authors

The lack of interoperability among IoT platforms has led to a fragmented environment, where the users and society as a whole suffer from lock-ins, lack of privacy, and reduced functionality. This paper presents SOFIE, a solution for federating the existing IoT platforms in an open and secure manner using Distributed Ledger Technologies (DLTs) and without requiring modifications to the IoT platforms, and describes how SOFIE is used to enable two complex real life pilots: food supply chain tracking from field to fork and electricity distribution grid balancing with guided electrical vehicle (EV) charging. SOFIE's main contribution is to provide interoperability between IoT systems while also enabling new functionality and business models.

Open access
3 source records
cs.CR
cs.CY
Blockchain Technology Applications and Security
Original source
Jan 1, 2019·Lect. Notes Bus. Inf. 373, 232 (2019)
9 cites
Detecting brute-force attacks on cryptocurrency wallets

E. O. Kiktenko, M. A. Kudinov, A. K. Fedorov

Blockchain is a distributed ledger, which is protected against malicious modifications by means of cryptographic tools, e.g. digital signatures and hash functions. One of the most prominent applications of blockchains is cryptocurrencies, such as Bitcoin. In this work, we consider a particular attack on wallets for collecting assets in a cryptocurrency network based on brute-force search attacks. Using Bitcoin as an example, we demonstrate that if the attack is implemented successfully, a legitimate user is able to prove that fact of this attack with a high probability. We also consider two options for modification of existing cryptocurrency protocols for dealing with this type of attacks. First, we discuss a modification that requires introducing changes in the Bitcoin protocol and allows diminishing the motivation to attack wallets. Second, an alternative option is the construction of special smart-contracts, which reward the users for providing evidence of the brute-force attack. The execution of this smart-contract can work as an automatic alarm that the employed cryptographic mechanisms, and (particularly) hash functions, have an evident vulnerability.

Open access
2 source records
cs.CR
quant-ph
Blockchain Technology Applications and Security
Original source
Jan 1, 2019·Lecture notes in computer science
16 cites
Protecting Personal Data Using Smart Contracts

Mohsin Ur Rahman, Fabrizio Baiardi, Barbara Guidi, Laura Ricci

Decentralized Online Social Networks (DOSNs) have been proposed as an alternative solution to the current centralized Online Social Networks (OSNs). Online Social Networks are based on centralized architecture (e.g., Facebook, Twitter, or Google+), while DOSNs do not have a service provider that acts as central authority and users have more control over their information. Several DOSNs have been proposed during the last years. However, the decentralization of the OSN requires efficient solutions for protecting the privacy of users, and to evaluate the trust between users. Blockchain represents a disruptive technology which has been applied to several fields, among these also to Social Networks. In this paper, we propose a manageable, user-driven and auditable access control framework for DOSNs using blockchain technology. In the proposed approach, the blockchain is used as a support for the definition of privacy policies. The resource owner uses the public key of the subject to define flexible role-based access control policies, while the private key associated with the subject's Ethereum account is used to decrypt the private data once access permission is validated on the blockchain. We evaluate our solution by exploiting the Rinkeby Ethereum testnet to deploy the smart contract, and to evaluate its performance. Experimental results show the feasibility of the proposed scheme in achieving auditable and user-driven access control via smart contract deployed on the Blockchain.

Open access
3 source records
Internet Traffic Analysis and Secure E-voting
Blockchain Technology Applications and Security
Privacy, Security, and Data Protection
Original source
Jan 1, 2019·IACR Cryptology ePrint Archive
0 cites
Puncturable Signatures and Applications in Proof-of-Stake Blockchain Protocol

Xinyu Li, Jing Xu, Xiong Fan, Yuchen Wang · 5 authors

Proof-of-stake blockchain protocols are becoming one of the most promising alternatives to the energy-consuming proof-of-work protocols. However, one particularly critical threat in the PoS setting is the well-known long-range attacks caused by secret key leakage (LRSL attack). Specifically, an adversary can attempt to control/compromise accounts possessing substantial stake at some past moment such that double-spend or erase past transactions, violating the fundamental persistence property of blockchain. Puncturable signatures provide a satisfying solution to construct practical proof-of-stake blockchain resilient to LRSL attack, despite of the fact that existent constructions are not efficient enough for practical deployments. In this paper, we provide an in-depth study of puncturable signatures and explore its applications in the proof-of-stake blockchain. We formalize a security model that allows the adversary for adaptive signing and puncturing queries, and show a construction with efficient puncturing operations based on the Bloom filter data structure and strong Diffie-Hellman assumption. The puncturing functionality we desire is for a particular part of message, like prefix, instead of the whole message. Furthermore, we use puncturable signatures to construct practical proof-of-stake blockchain protocols that are resilient to LRSL attack, while previously the forward-secure signature is used to immunize this attack. We implement our scheme and provide experimental results showing that in comparison with the forward-secure signature, our construction performs substantially better on signature size, signing and verification efficiency, significantly on key update efficiency.

Open access
3 source records
cs.CR
Blockchain Technology Applications and Security
Cryptography and Data Security
Original source
Jan 1, 2019·Lecture notes in computer science
0 cites
StakeCube: Combining Sharding and Proof-of-Stake to build Fork-free Secure Permissionless Distributed Ledgers

Antoine Durand, Emmanuelle Anceaume, Romaric Ludinard

Our work focuses on the design of a scalable permissionless blockchain in the proof-of-stake setting. In particular, we use a distributed hash table as a building block to set up randomized shards, and then leverage the sharded architecture to validate blocks in an efficient manner. We combine verifiable Byzantine agreements run by shards of stakeholders and a block validation protocol to guarantee that forks occur with negligible probability. We impose induced churn to make shards robust to eclipse attacks, and we rely on the UTXO coin model to guarantee that any stakeholder action is securely verifiable by anyone. Our protocol works against adaptive adversary, and makes no synchrony assumption beyond what is required for the byzantine agreement.

Open access
2 source records
cs.DC
cs.CR
Blockchain Technology Applications and Security
Original source
Jan 1, 2019·SSRN Electronic Journal
6 cites
Zero-Knowledge Proof-of-Identity: Sybil-Resistant, Anonymous Authentication on Permissionless Blockchains and Incentive Compatible, Strictly Dominant Cryptocurrencies

David Cerezo Sánchez

Zero-Knowledge Proof-of-Identity from trusted public certificates (e.g., national identity cards and/or ePassports; eSIM) is introduced here to permissionless blockchains in order to remove the inefficiencies of Sybil-resistant mechanisms such as Proof-of-Work (i.e., high energy and environmental costs) and Proof-of-Stake (i.e., capital hoarding and lower transaction volume). The proposed solution effectively limits the number of mining nodes a single individual would be able to run while keeping membership open to everyone, circumventing the impossibility of full decentralization and the blockchain scalability trilemma when instantiated on a blockchain with a consensus protocol based on the cryptographic random selection of nodes. Resistance to collusion is also considered. Solving one of the most pressing problems in blockchains, a zk-PoI cryptocurrency is proved to have the following advantageous properties: - an incentive-compatible protocol for the issuing of cryptocurrency rewards based on a unique Nash equilibrium - strict domination of mining over all other PoW/PoS cryptocurrencies, thus the zk-PoI cryptocurrency becoming the preferred choice by miners is proved to be a Nash equilibrium and the Evolutionarily Stable Strategy - PoW/PoS cryptocurrencies are condemned to pay the Price of Crypto-Anarchy, redeemed by the optimal efficiency of zk-PoI as it implements the social optimum - the circulation of a zk-PoI cryptocurrency Pareto dominates other PoW/PoS cryptocurrencies - the network effects arising from the social networks inherent to national identity cards and ePassports dominate PoW/PoS cryptocurrencies - the lower costs of its infrastructure imply the existence of a unique equilibrium where it dominates other forms of payment

Open access
3 source records
cs.CR
cs.GT
Blockchain Technology Applications and Security
Original source
Jan 1, 2019·Lecture notes in computer science
119 cites
VeriSolid: Correct-by-Design Smart Contracts for Ethereum

Anastasia Mavridou, Áron Lászka, Emmanouela Stachtiari, Abhishek Dubey

The adoption of blockchain based distributed ledgers is growing fast due to their ability to provide reliability, integrity, and auditability without trusted entities. One of the key capabilities of these emerging platforms is the ability to create self-enforcing smart contracts. However, the development of smart contracts has proven to be error-prone in practice, and as a result, contracts deployed on public platforms are often riddled with security vulnerabilities. This issue is exacerbated by the design of these platforms, which forbids updating contract code and rolling back malicious transactions. In light of this, it is crucial to ensure that a smart contract is secure before deploying it and trusting it with significant amounts of cryptocurrency. To this end, we introduce the VeriSolid framework for the formal verification of contracts that are specified using a transition-system based model with rigorous operational semantics. Our model-based approach allows developers to reason about and verify contract behavior at a high level of abstraction. VeriSolid allows the generation of Solidity code from the verified models, which enables the correct-by-design development of smart contracts.

Open access
3 source records
cs.CR
cs.SE
Blockchain Technology Applications and Security
Original source
Jan 1, 2019·Lecture notes in computer science
4 cites
The Operational Cost of Ethereum Airdrops

Michael Fröwis, Rainer Böhme

Efficient transfers to many recipients present a host of issues on Ethereum. First, accounts are identified by long and incompressible constants. Second, these constants have to be stored and communicated for each payment. Third, the standard interface for token transfers does not support lists of recipients, adding repeated communication to the overhead. Since Ethereum charges resource usage, even small optimizations translate to cost savings. Airdrops, a popular marketing tool used to boost coin uptake, present a relevant example for the value of optimizing bulk transfers. Therefore, we review technical solutions for airdrops of Ethereum-based tokens, discuss features and prerequisites, and compare the operational costs by simulating 35 scenarios. We find that cost savings of factor two are possible, but require specific provisions in the smart contract implementing the token system. Pull-based approaches, which use on-chain interaction with the recipients, promise moderate savings for the distributor while imposing a disproportional cost on each recipient. Total costs are broadly linear in the number of recipients independent of the technical approach. We publish the code of the simulation framework for reproducibility, to support future airdrop decisions, and to benchmark innovative bulk payment solutions.

Open access
3 source records
Blockchain Technology Applications and Security
Digital Platforms and Economics
Auction Theory and Applications
Original source
Jan 1, 2019·IEEE Conference Proceedings
2 cites
Contract-connection:An efficient communication protocol for Distributed Ledger Technology

Yibin Xu, Yangyu Huang

Distributed Ledger Technology (DLT) is promising to become the foundation of many decentralised systems. However, the unbalanced and unregulated network layout contributes to the inefficiency of DLT especially in the Internet of Things (IoT) environments, where nodes connect to only a limited number of peers. The data communication speed globally is unbalanced and does not live up to the constraints of efficient real-time distributed systems. In this paper, we introduce a new communication protocol, which enables nodes to calculate the tradeoff between connecting/disconnecting a peer in a completely decentralised manner. The network layout globally is continuously re-balancing and optimising along with nodes adjusting their peers. This communication protocol weakened the inequality of the communication network. The experiment suggests this communication protocol is stable and efficient.

Open access
3 source records
Peer-to-Peer Network Technologies
Blockchain Technology Applications and Security
Distributed systems and fault tolerance
Original source
Jan 1, 2019·IEEE Access
301 cites
A Review on the Application of Blockchain to the Next Generation of Cybersecure Industry 4.0 Smart Factories

Tiago M. Fernández‐Caramés, Paula Fraga‐Lamas

Industry 4.0 is a concept devised for improving the way modern factories operate through the use of some of the latest technologies, like the ones used for creating the Industrial Internet of Things (IIoT), robotics, or Big Data applications. One of such technologies is blockchain, which is able to add trust, security, and decentralization to different industrial fields. This article focuses on analyzing the benefits and challenges that arise when using blockchain and smart contracts to develop Industry 4.0 applications. In addition, this paper presents a thorough review of the most relevant blockchain-based applications for Industry 4.0 technologies. Thus, its aim is to provide a detailed guide for the future Industry 4.0 developers that allows for determining how the blockchain can enhance the next generation of cybersecure industrial applications.

Open access
2 source records
Blockchain Technology Applications and Security
IoT and Edge/Fog Computing
Digital Transformation in Industry
Original source
Jan 1, 2019·IEEE Access
348 cites
A Review on Blockchain Technologies for an Advanced and Cyber-Resilient Automotive Industry

Paula Fraga‐Lamas, Tiago M. Fernández‐Caramés

In the last century, the automotive industry has arguably transformed society, being one of the most complex, sophisticated, and technologically advanced industries, with innovations ranging from the hybrid, electric, and self-driving smart cars to the development of IoT-connected cars. Due to its complexity, it requires the involvement of many Industry 4.0 technologies, like robotics, advanced manufacturing systems, cyber-physical systems, or augmented reality. One of the latest technologies that can benefit the automotive industry is blockchain, which can enhance its data security, privacy, anonymity, traceability, accountability, integrity, robustness, transparency, trustworthiness, and authentication, as well as provide long-term sustainability and a higher operational efficiency to the whole industry. This review analyzes the great potential of applying blockchain technologies to the automotive industry emphasizing its cybersecurity features. Thus, the applicability of blockchain is evaluated after examining the state-of-the-art and devising the main stakeholders' current challenges. Furthermore, the article describes the most relevant use cases, since the broad adoption of blockchain unlocks a wide area of short- and medium-term promising automotive applications that can create new business models and even disrupt the car-sharing economy as we know it. Finally, after strengths, weaknesses, opportunities, and threats analysis, some recommendations are enumerated with the aim of guiding researchers and companies in future cyber-resilient automotive industry developments.

Open access
2 source records
Blockchain Technology Applications and Security
IoT and Edge/Fog Computing
Currency Recognition and Detection
Original source
Dec 31, 2018·arXiv
0 cites
Evaluating the Red Belly Blockchain

Tyler Crain, Christopher Natoli, Vincent Gramoli

In this paper, we present the most extensive evaluation of blockchain system to date. To achieve scalability across servers in more than 10 countries located on 4 different continents, we drastically revisited Byzantine fault tolerant blockchains and verification of signatures. The resulting blockchain, called the Red Belly Blockchain (RBBC), commits more than a hundred thousand transactions issued by permissionless nodes. These transactions are grouped into blocks within few seconds through a partially synchronous consensus run by permissioned nodes. It prevents double spending by guaranteeing that a unique block is decided at any given index of the chain in a deterministic way by all participants. We compared the performance of RBBC against traditional Byzantine fault tolerant alternatives and more recent randomized solutions. In the same geo-distributed environment with low-end machines, we noticed two interesting comparisons: (i) the RBBC throughput scales to hundreds of machines whereas the classic 3-step leader-based BFT state machine used by consortium blockchains cannot scale to 40 identically configured nodes; (ii) RBBC guarantees transaction finality in 3 seconds and experiences a third of the latency that randomized-based solutions like HoneyBadgerBFT can offer. This empirical evaluation demonstrates that blockchain scalability can be achieved without sacrificing security.

Open access
cs.CR
cs.DC
Original source
Dec 26, 2018·arXiv (Cornell University)
22 cites
Bitcoin Payment-Channels for Resource Limited IoT Devices

Christopher Hannon, Dong Jin

Resource-constrained devices are unable to maintain a full copy of the Bitcoin Blockchain in memory. This paper proposes a bidirectional payment channel framework for IoT devices. This framework utilizes Bitcoin Lightning-Network-like payment channels with low processing and storage requirements. This protocol enables IoT devices to open and maintain payment channels with traditional Bitcoin nodes without a view of the blockchain. Unlike existing solutions, it does not require a trusted third party to interact with the blockchain nor does it burden the peer-to-peer network in the way SPV clients do. The contribution of this paper includes a secure and crypto-economically fair protocol for bidirectional Bitcoin payment channels. In addition, we demonstrate the security and fairness of the protocol by formulating it as a game in which the equilibrium is reached when all players follow the protocol.

Open access
3 source records
Blockchain Technology Applications and Security
IoT and Edge/Fog Computing
Caching and Content Delivery
Original source
Dec 24, 2018·arXiv
0 cites
Wibson: A Decentralized Data Marketplace

Matias Travizano, Carlos Sarraute, Gustavo Ajzenman, Martin Minnoni

Our aim is for Wibson to be a blockchain-based, decentralized data marketplace that provides individuals a way to securely and anonymously sell information in a trusted environment. The combination of the Wibson token and blockchain-enabled smart contracts hopes to allow Data Sellers and Data Buyers to transact with each other directly while providing individuals the ability to maintain anonymity as desired. Wibson intends that its data marketplace will provide infrastructure and financial incentives for individuals to securely sell personal information without sacrificing personal privacy. Data Buyers receive information from willing and actively participating individuals with the benefit of knowing that the personal information should be accurate and current.

Open access
cs.CY
cs.CR
Original source
Dec 24, 2018·arXiv
0 cites
CLoTH: a Simulator for HTLC Payment Networks

Marco Conoscenti, Antonio Vetrò, Juan Carlos De Martin, Federico Spini · 6 authors

The Lightning Network (LN) is one of the most promising off-chain scaling solutions for Bitcoin, as it enables off-chain payments which are not subject to the well-known blockchain scalability limit. In this work, we introduce CLoTH, a simulator for HTLC payment networks, of which LN is the best working example. It simulates input-defined payments on an input-defined HTLC network and produces performance measures in terms of payment-related statistics, such as time to complete payments and probability of payment failure. CLoTH helps to predict issues that might arise in the development of an HTLC payment network, and to estimate the effects of an optimisation before deploying it. In upcoming works we'll publish the results of CLoTH simulations.

Open access
cs.DC
cs.CR
Original source