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Decentralized Blockchain Transaction Scheme Based on Digital Commitment

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Blockchain and Trustworthy Systems (BlockSys 2022)

Part of the book series: Communications in Computer and Information Science ((CCIS,volume 1679))

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Abstract

As a framework based on data transaction between blocks, blockchain has a high degree of transparency and decentralization. Zhang et al. proposed a transaction framework that combines digital commitment and cryptographic algorithm, which can hide the transaction amount during transaction process. However, there are two problems we should consider: the transactions recording on ledger are operated by trusted full-functional accounting nodes, so the decentralization of the blockchain cannot be realized completely; there is also a risk of data leakage during transaction process as the transaction parameters and transaction amounts are required to be transmitted multiple times. In order to solve the above problems, this paper proposes a multi-key homomorphic encryption transaction scheme based on digital commitment with every node records transaction data. The transaction amount hidden in the commitment can be directly updated in the encrypted state and relevant parameters do not need to be transported multiple times. The transaction scheme proposed in this paper is with better efficiency and provable security, which provides a novel idea for the secure transaction framework in the blockchain.

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Acknowledgment

This work is supported by the Emerging Interdisciplinary Project of CUFE, the National Natural Science Foundation of China (No. 61906220) and Ministry of education of Humanities and Social Science project (No. 19YJCZH178).

Author information

Authors and Affiliations

  1. School of Information, Central University of Finance and Economics, Beijing, 100081, China

    Yang Li, Hongyu Wan, Mengmeng Wang, Jianming Zhu & Xiuli Wang

  2. Engineering Research Center of State Financial Security, Ministry of Education, Central University of Finance and Economics, Beijing, 102206, China

    Yang Li, Hongyu Wan, Mengmeng Wang, Jianming Zhu & Xiuli Wang

Authors
  1. Yang Li
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  2. Hongyu Wan
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  3. Mengmeng Wang
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  4. Jianming Zhu
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  5. Xiuli Wang
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Corresponding author

Correspondence to Yang Li .

Editor information

Editors and Affiliations

  1. Vienna University of Economics and Business, Vienna, Austria

    Davor Svetinovic

  2. University of Electronic Science and Technology of China, Chengdu, China

    Yin Zhang

  3. Hong Kong Polytechnic University, Kowloon, Hong Kong

    Xiapu Luo

  4. University of Electronic Science and Technology of China, Chengdu, China

    Xiaoyan Huang

  5. Sun Yat-sen University, Guangzhou, China

    Xingping Chen

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Li, Y., Wan, H., Wang, M., Zhu, J., Wang, X. (2022). Decentralized Blockchain Transaction Scheme Based on Digital Commitment. In: Svetinovic, D., Zhang, Y., Luo, X., Huang, X., Chen, X. (eds) Blockchain and Trustworthy Systems. BlockSys 2022. Communications in Computer and Information Science, vol 1679. Springer, Singapore. https://doi.org/10.1007/978-981-19-8043-5_15

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  • DOI: https://doi.org/10.1007/978-981-19-8043-5_15

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-19-8042-8

  • Online ISBN: 978-981-19-8043-5

  • eBook Packages: Computer ScienceComputer Science (R0)

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