Analysis of consensus mechanism models in the application of industrial projects brought by blockchain technology
- 10.2991/iwmecs-18.2018.75How to use a DOI?
- Blockchain, decentralization, industrial chain, security architecture, application scenario.
Based on ERC20 standard, industrial chain platform is developed, where numerical comparison of consensus mechanisms of POW and POS are analyzed and discussed. Besides, some basic concepts of block chain, such as its types, consensus mechanism and incentive mechanism were briefly introduced, combined with features of virtual users, the framework of industrial chain based on blockchain technology was developed. The technical realization of this framework was introduced, and the formulation of smart contract was added. Afterwards, specific applications of blockchain in dating scenario, transaction, settlement and physical constraints were illuminated. Challenges of blockchain's application in dating platform were discussed. The industrial chain aims to do more research and investigation on the design and implementation of blockchain technique, including security investigation for blockchain, related application of blockchain, the security architecture comparison of both blockchain security system and traditional centralized modes. The summaries for the advantages and disadvantages of consensus mechanism models in the application of industrial chain project brought by blockchain technology, and more actual application scenarios are derived.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Yimin Qiu AU - Jia Fu AU - Weihui Lin PY - 2018/04 DA - 2018/04 TI - Analysis of consensus mechanism models in the application of industrial projects brought by blockchain technology BT - Proceedings of the 2018 3rd International Workshop on Materials Engineering and Computer Sciences (IWMECS 2018) PB - Atlantis Press SP - 349 EP - 353 SN - 2352-538X UR - https://doi.org/10.2991/iwmecs-18.2018.75 DO - 10.2991/iwmecs-18.2018.75 ID - Qiu2018/04 ER -