PBL: System for Creating and Maintaining Personal Blockchain Ledgers
- URL: http://arxiv.org/abs/2305.04723v1
- Date: Mon, 8 May 2023 14:17:27 GMT
- Title: PBL: System for Creating and Maintaining Personal Blockchain Ledgers
- Authors: Collin Connors, Dilip Sarkar
- Abstract summary: This work presents a novel architecture for creating and maintaining personal blockchain ledgers.
Our system utilizes independent modular services, enabling individuals to securely store their data in a personal blockchain ledger.
Using rigorous mathematical methods, we prove that our system produces append-only, immutable, tamper-evident, tamper-resistant ledgers.
- Score: 3.5897534810405403
- License: http://creativecommons.org/licenses/by/4.0/
- Abstract: Blockchain technology has experienced substantial growth in recent years, yet
the diversity of blockchain applications has been limited. Blockchain provides
many desirable features for applications, including being append-only,
immutable, tamper-evident, tamper-resistant, and fault-tolerant; however, many
applications that would benefit from these features cannot incorporate current
blockchains. This work presents a novel architecture for creating and
maintaining personal blockchain ledgers that address these concerns. Our system
utilizes independent modular services, enabling individuals to securely store
their data in a personal blockchain ledger. Unlike traditional blockchain,
which stores all transactions of multiple users, our novel personal blockchains
are designed to allow individuals to maintain their privacy without requiring
extensive technical expertise. Using rigorous mathematical methods, we prove
that our system produces append-only, immutable, tamper-evident,
tamper-resistant ledgers. Our system addresses use cases not addressed by
traditional blockchain development platforms. Our system creates a new
blockchain paradigm, enabling more individuals and applications to leverage
blockchain technology for their needs.
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