Abstract
The blockchain technology is currently penetrating different sides of modern ICT community. Most of the devices involved in blockchain-related processes are specially designed targeting only the mining aspect. At the same time, the use of wearable and mobile devices may also become a part of blockchain operation, especially during the charging time. The paper considers the possibility of using a large number of constrained devices supporting the operation of the blockchain. The utilization of such devices is expected to improve the efficiency of the system and also to attract a more substantial number of users. Authors propose a novel consensus algorithm based on a combination of Proof-of-Work (PoW), Proof-of-Activity (PoA), and Proof-of-Stake (PoS). The paper first overviews the existing strategies and further describes the developed cryptographic primitives used to build a blockchain involving mobile devices. A brief numerical evaluation of the designed system is also provided in the paper.
| Original language | English |
|---|---|
| Title of host publication | 21st IEEE Conference on Business Informatics, CBI 2019 |
| Editors | Jorg Becker, Oscar Pastor, Elena Kornyshova, V. O. Korepanov, Olga A. Tsukanova, Judith Barrios Albornoz, D. Fedyanin, V.N. Burkov, Dmitry M. Nazarov, Dmitriy Novikov, Raisa Uskenbaeva, A V. Shchepkin |
| Publisher | IEEE |
| Pages | 20-27 |
| Number of pages | 8 |
| ISBN (Electronic) | 9781728106502 |
| DOIs | |
| Publication status | Published - 1 Jul 2019 |
| Publication type | A4 Article in conference proceedings |
| Event | IEEE Conference on Business Informatics - Moscow, Russian Federation Duration: 15 Jul 2019 → 17 Jul 2019 |
Conference
| Conference | IEEE Conference on Business Informatics |
|---|---|
| Country/Territory | Russian Federation |
| City | Moscow |
| Period | 15/07/19 → 17/07/19 |
Keywords
- applications
- blockhcain
- distributed systems
- future perspective
- networks
Publication forum classification
- Publication forum level 1
ASJC Scopus subject areas
- Business, Management and Accounting (miscellaneous)
- Management Information Systems
- Hardware and Architecture
- Information Systems
- Information Systems and Management
- Control and Optimization