RCANE: Semi-Centralized Network of Parallel Blockchain and APoS

Nguyen Van Toan, Ung Park, Geunwoong Ryu

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Blockchain technology and its applications have played an important role to overcome challenges in numerous areas of the life. However, most current blockchain projects have concentrated on financial model by using existing platforms such as Bitcoin or Ethereum to generate tokens without the development of the technological features. Unfortunately, the decentralization has several challenges which cannot be adopted by our current political, economic and social systems. The fundamental technical problem of current blockchain algorithm is that 'performance inefficiency' could not be solved, in comparison with the central server system. In addition, the client software cannot establish conventions for making decisions about the future direction of the cryptocurrency. Furthermore, users' completed anonymity and the absence of a responsible person are also open problems of decentralization. To this end, this paper proposes an alternative method, dubbed RCANE which is semi-centralized network of parallel blockchain and APoS (Authorized Proof of Stake), whose purpose is to solve the above challenges of current blockchain and comply with our preconceived perspectives of the current political, social, and economic systems to build up an ecosystem for economy, society and politics. Several experiments are conducted to show the executability of RCANE Project.

Original languageEnglish
Title of host publicationProceedings - 2018 IEEE 24th International Conference on Parallel and Distributed Systems, ICPADS 2018
PublisherIEEE Computer Society
Pages695-700
Number of pages6
ISBN (Electronic)9781538673089
DOIs
Publication statusPublished - 2019 Feb 19
Event24th IEEE International Conference on Parallel and Distributed Systems, ICPADS 2018 - Singapore, Singapore
Duration: 2018 Dec 112018 Dec 13

Publication series

NameProceedings of the International Conference on Parallel and Distributed Systems - ICPADS
Volume2018-December
ISSN (Print)1521-9097

Conference

Conference24th IEEE International Conference on Parallel and Distributed Systems, ICPADS 2018
CountrySingapore
CitySingapore
Period18/12/1118/12/13

Keywords

  • APoS
  • RCANE
  • adaptable platform
  • parallel blockchain
  • semi-centralized network

ASJC Scopus subject areas

  • Hardware and Architecture

Fingerprint Dive into the research topics of 'RCANE: Semi-Centralized Network of Parallel Blockchain and APoS'. Together they form a unique fingerprint.

Cite this