Cross-chain asset trading scheme for notaries based on edge cloud storage

Abstract

Abstract Blockchain has penetrated in various fields, such as finance, healthcare, supply chain, and intelligent transportation, but the value exchange between different blockchains limits their expansion. Cross-chain technology, such as notary mechanism, enables asset exchanges between different blockchain networks. However, existing research still confronts problems such as single inherent value evaluation, collusion risk, credit evaluation and unreasonable resource allocation, making it difficult to ensure the security of cross-chain asset transactions. So this paper proposes a cross-chain asset trading scheme based on edge cloud storage to improve the reliability of notaries and the security of cross-chain value exchange. Firstly, introduce the entropy weight method to determine indicators and adopt multi indicator evaluation to reduce the risk of collusion between notaries and users; Secondly, design a multi-indicator credit evaluation method to improve the accuracy of the evaluation; Finally, design a new and old notary node share allocation method to improve the rationality of resource allocation.The experiment shows that the scheme designed in this paper can reduce the risk of collusion, more accurately screen out high credit nodes to act as notaries, and make resource allocation more reasonable.

Keywords

• Blockchain
• Cross-chain technology
• Notary mechanism
• Credit evaluation
• Entropy weight method