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A system view of financial blockchains

  • Wei Tek Tsai
  • , Robert Blower
  • , Yan Zhu
  • , Lian Yu
  • Arizona State University
  • Beihang University
  • University of Science and Technology Beijing
  • Peking University

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Blockchain (BC) has received significant attention recently. This paper presents system-related issues for BCs for financial applications. This paper first presents the design of a BC without consideration of any application scenarios, and issues such as performance, security, performance and scalability lead to specific BC designs. Sample BC scenarios are analyzed and these lead to additional BC designs. Specifically, two new kinds of BC emerge: for storing information at transactional level, for storing account information. By splitting traditional BCs into these two BCs allow one to optimize the system with respect to scalability and privacy.

Original languageEnglish
Title of host publicationProceedings - 2016 IEEE Symposium on Service-Oriented System Engineering, SOSE 2016
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages450-457
Number of pages8
ISBN (Electronic)9781509022533
DOIs
StatePublished - 18 May 2016
Externally publishedYes
EventIEEE Symposium on Service-Oriented System Engineering, SOSE 2016 - Oxford, United Kingdom
Duration: 29 Mar 20161 Apr 2016

Publication series

NameProceedings - 2016 IEEE Symposium on Service-Oriented System Engineering, SOSE 2016

Conference

ConferenceIEEE Symposium on Service-Oriented System Engineering, SOSE 2016
Country/TerritoryUnited Kingdom
CityOxford
Period29/03/161/04/16

Keywords

  • Bolckchains
  • Financial application
  • Scalability

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