Security model without managers for blockchain trading system

In view of the abuse of power by managers in the traditional centralized trading system, a security model without managers for the blockchain-based trading system was proposed, which also solved the problems of unsafe endorsement, untimely trading, low auditing efficiency and dynamic inefficiency ca...

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Main Authors: Longxia HUANG, Liangmin WANG, Gongxuan ZHANG
Format: Article
Language:zho
Published: Editorial Department of Journal on Communications 2020-12-01
Series:Tongxin xuebao
Subjects:
Online Access:http://www.joconline.com.cn/zh/article/doi/10.11959/j.issn.1000-436X.2020235/
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author Longxia HUANG
Liangmin WANG
Gongxuan ZHANG
author_facet Longxia HUANG
Liangmin WANG
Gongxuan ZHANG
author_sort Longxia HUANG
collection DOAJ
description In view of the abuse of power by managers in the traditional centralized trading system, a security model without managers for the blockchain-based trading system was proposed, which also solved the problems of unsafe endorsement, untimely trading, low auditing efficiency and dynamic inefficiency caused by the elimination of managers.The proposed security model realized decentralization based on the blockchain technology, by using homomorphic authentication-based public auditing to achieve the secure endorsement and key updating for non-manager groups and efficient verification for transaction information respectively, introducing the reputation-based incentive mechanism to ensure the timeliness of the transaction.Finally, the security and reliability of the proposed security model were demonstrated by security proof and performance analysis, and the communication and computing costs are both lower than IPANM.
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institution Kabale University
issn 1000-436X
language zho
publishDate 2020-12-01
publisher Editorial Department of Journal on Communications
record_format Article
series Tongxin xuebao
spelling doaj-art-e959594c8e2840e48ef557cff0d1793f2025-01-14T07:21:14ZzhoEditorial Department of Journal on CommunicationsTongxin xuebao1000-436X2020-12-0141364659738937Security model without managers for blockchain trading systemLongxia HUANGLiangmin WANGGongxuan ZHANGIn view of the abuse of power by managers in the traditional centralized trading system, a security model without managers for the blockchain-based trading system was proposed, which also solved the problems of unsafe endorsement, untimely trading, low auditing efficiency and dynamic inefficiency caused by the elimination of managers.The proposed security model realized decentralization based on the blockchain technology, by using homomorphic authentication-based public auditing to achieve the secure endorsement and key updating for non-manager groups and efficient verification for transaction information respectively, introducing the reputation-based incentive mechanism to ensure the timeliness of the transaction.Finally, the security and reliability of the proposed security model were demonstrated by security proof and performance analysis, and the communication and computing costs are both lower than IPANM.http://www.joconline.com.cn/zh/article/doi/10.11959/j.issn.1000-436X.2020235/blockchaintrading systemsecurity model
spellingShingle Longxia HUANG
Liangmin WANG
Gongxuan ZHANG
Security model without managers for blockchain trading system
Tongxin xuebao
blockchain
trading system
security model
title Security model without managers for blockchain trading system
title_full Security model without managers for blockchain trading system
title_fullStr Security model without managers for blockchain trading system
title_full_unstemmed Security model without managers for blockchain trading system
title_short Security model without managers for blockchain trading system
title_sort security model without managers for blockchain trading system
topic blockchain
trading system
security model
url http://www.joconline.com.cn/zh/article/doi/10.11959/j.issn.1000-436X.2020235/
work_keys_str_mv AT longxiahuang securitymodelwithoutmanagersforblockchaintradingsystem
AT liangminwang securitymodelwithoutmanagersforblockchaintradingsystem
AT gongxuanzhang securitymodelwithoutmanagersforblockchaintradingsystem