Implementation of High-Performance Blockchain Network Based on Cross-Chain Technology for IoT Applications

Abstract

With the development of technology, the network structure has changed a lot. Many people regard the Internet of Things as the next-generation network structure, which means all the embedded devices can communicate with each other directly. However, some problems remain in IoT before it can be applied in a large scale. Blockchain, which has become a hot research topic in recent years, may be one of the solutions. However, currently, the transaction speed of blockchain is still a disadvantage compared to traditional transaction methods. This paper focuses on to implement a high-performance blockchain platform. After investigation of the current blockchain consensus algorithm and blockchain architecture, we propose: (1) an improved blockchain consensus algorithm, which is implemented based on the mortgage model instead of probability model; (2) a cross-chain protocol with transverse expansion capacity, which would support the message transmission among chains; (3) a high-performance cross-chain blockchain network structure, which could handle more than 1000 transactions per second per chain by verification. Experiments have been carried out, and shown that the cross-chain blockchain network structure we provided is feasible to meet the requirement of large-scale distributed IoT applications.

Keywords

• IoT
• blockchain
• high-performance
• consensus algorithm
• cross-chain protocol