Abstract
Over the past several years, due to the progression toward data-driven scientific disciplines, the field of Big Data has gained significant importance. These developments pose certain challenges in the area of efficient, effective, and secure management and transmission of digital information. This paper presents and evaluates a novel Distributed Ledger Technology (DLT) system, Fibereum, in a variety of use-cases, including a DLT-based system for Big Data exchange, as well as the fungible and non-fungible exchange of artwork, goods, commodities, and digital currency. Fibereum’s innovations include the application of non-linear data structures and a new concept of Lazy Verification. We demonstrate the benefits of these novel features for DLT system applications’ cost performance and their added resilience towards cyber-attacks via the consideration of several use cases.
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Notes
- 1.
A PoET consensus mechanism may be employed to reduce operation complexity and energy consumption and improve counterattack capabilities.
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Acknowledgment
This material is based in part upon work supported by the Department of Homeland Security grants TXST83938 and E2055778 and by the National Science Foundation under Grant CNS-2018611 and CNS-1920182.
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Yu, D., Yang, E., Shen, A., Tamir, D., Rishe, N. (2023). Fbereum: A Novel Distributed Ledger Technology System. In: Qiu, M., Lu, Z., Zhang, C. (eds) Smart Computing and Communication. SmartCom 2022. Lecture Notes in Computer Science, vol 13828. Springer, Cham. https://doi.org/10.1007/978-3-031-28124-2_64
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