Decentralized credit system based on blockchain and its application
A decentralized credit system was proposed and its construction application was given.Decentralized credit system could be constructed by expanding the transaction structure of “digital currency commodity” based on block chain,expanding the function of consensus protocol and adding specific accounts...
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| Format: | Article |
| Language: | zho |
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Editorial Department of Journal on Communications
2019-08-01
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| Series: | Tongxin xuebao |
| Subjects: | |
| Online Access: | http://www.joconline.com.cn/zh/article/doi/10.11959/j.issn.1000-436x.2019126/ |
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| _version_ | 1841539364311531520 |
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| author | Mingsheng WANG Heyang CAO Peiyao LI |
| author_facet | Mingsheng WANG Heyang CAO Peiyao LI |
| author_sort | Mingsheng WANG |
| collection | DOAJ |
| description | A decentralized credit system was proposed and its construction application was given.Decentralized credit system could be constructed by expanding the transaction structure of “digital currency commodity” based on block chain,expanding the function of consensus protocol and adding specific accounts.Also,the decentralized credit system was applied to the PKI enhancement and supervision system IKP so that IKP system did not need global fund in operation.Moreover,by introducing the hierarchical “virtual currency commodity” supply adjustment mechanism in the decentralized credit system to alleviate the difficulty of regulating the “virtual currency commodity” supply of “digital currency commodity” based on block chain,the precise “virtual currency commodity” supply regulation can be achieved. |
| format | Article |
| id | doaj-art-9199280b4fb242f187ff11914a1cdc73 |
| institution | Kabale University |
| issn | 1000-436X |
| language | zho |
| publishDate | 2019-08-01 |
| publisher | Editorial Department of Journal on Communications |
| record_format | Article |
| series | Tongxin xuebao |
| spelling | doaj-art-9199280b4fb242f187ff11914a1cdc732025-01-14T07:17:35ZzhoEditorial Department of Journal on CommunicationsTongxin xuebao1000-436X2019-08-014016917759729263Decentralized credit system based on blockchain and its applicationMingsheng WANGHeyang CAOPeiyao LIA decentralized credit system was proposed and its construction application was given.Decentralized credit system could be constructed by expanding the transaction structure of “digital currency commodity” based on block chain,expanding the function of consensus protocol and adding specific accounts.Also,the decentralized credit system was applied to the PKI enhancement and supervision system IKP so that IKP system did not need global fund in operation.Moreover,by introducing the hierarchical “virtual currency commodity” supply adjustment mechanism in the decentralized credit system to alleviate the difficulty of regulating the “virtual currency commodity” supply of “digital currency commodity” based on block chain,the precise “virtual currency commodity” supply regulation can be achieved.http://www.joconline.com.cn/zh/article/doi/10.11959/j.issn.1000-436x.2019126/block chain“digital currency commodity”credit systemdecentralization |
| spellingShingle | Mingsheng WANG Heyang CAO Peiyao LI Decentralized credit system based on blockchain and its application Tongxin xuebao block chain “digital currency commodity” credit system decentralization |
| title | Decentralized credit system based on blockchain and its application |
| title_full | Decentralized credit system based on blockchain and its application |
| title_fullStr | Decentralized credit system based on blockchain and its application |
| title_full_unstemmed | Decentralized credit system based on blockchain and its application |
| title_short | Decentralized credit system based on blockchain and its application |
| title_sort | decentralized credit system based on blockchain and its application |
| topic | block chain “digital currency commodity” credit system decentralization |
| url | http://www.joconline.com.cn/zh/article/doi/10.11959/j.issn.1000-436x.2019126/ |
| work_keys_str_mv | AT mingshengwang decentralizedcreditsystembasedonblockchainanditsapplication AT heyangcao decentralizedcreditsystembasedonblockchainanditsapplication AT peiyaoli decentralizedcreditsystembasedonblockchainanditsapplication |