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Bitrans: A bidirectional and trusted data transaction protocol based on the blockchain system

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Abstract

With the development of blockchain technology, secure and reliable data storage can be provided. Therefore, data uplinks have become a new trend in recent years. However, how to achieve data value remains a problem in the implementation of data transactions. In order to address this problem, this article aimes to discuss a bidirectional and trusted transaction protocol between two different assets in the blockchain system (Bitrans). First, we used the characteristics of different assets, and designed data storage formats. Then, we divided the transaction process into three states to identify the stage of the transaction. Bitrans can be achieved by controlling the state of transactions with a new consensus algorithm based on Practical Byzantine Fault Tolerance (PBFT). Finally, Bitrans was implemented and validated using Hyperledger Fabric. Experiments confirmed that the exchange of different assets can be achieved without excessive computer resources with the above protocol.

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Authors and Affiliations

  1. Key Laboratory of High Performance Computing of Anhui Province, School of Computer Science and Technology, University of Science and Technology of China, Hefei, 230027, China

    Gen Huang, Yi-bo Zou, Shi Chen & Yun Xu

  2. IFLYTEK CO.LTD, Hefei, 230027, China

    Yi-bo Zou

  3. School of Information, Shanghai Ocean University, Shanghai, 201306, China

    Yi-bo Zou

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  1. Gen Huang
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  2. Yi-bo Zou
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  3. Shi Chen
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  4. Yun Xu
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Correspondence to Yi-bo Zou.

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We declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper. We declare that there is no financial interest/personal relationship which may be considered as potential competing interests.

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Huang, G., Zou, Yb., Chen, S. et al. Bitrans: A bidirectional and trusted data transaction protocol based on the blockchain system. Peer-to-Peer Netw. Appl. 15, 1311–1327 (2022). https://doi.org/10.1007/s12083-021-01287-z

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