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E-commerce Blockchain Consensus Mechanism for Supporting High-Throughput and Real-Time Transaction

  • Yuqin Xu
  • Qingzhong LiEmail author
  • Xingpin Min
  • Lizhen Cui
  • Zongshui Xiao
  • Lanju Kong
Conference paper
Part of the Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering book series (LNICST, volume 201)

Abstract

Transactions may be altered, which leads to low credibility of transactions that restricts the rapid development and popularization of E-commerce. Although blockchain can ensure high stability and credibility of data, existing solutions still have some significant scalability barriers, such as low-throughput and high-latency. To improve credibility, this paper presents an e-commerce blockchain consensus mechanism (EBCM). EBCM does not rely on computing power and token but with the same level of security and credibility as Nakamoto consensus. Meanwhile, EBCM achieves real-time transaction and high-throughput. By introducing validation blockchain, we can ensure transactions cannot be altered. In order to realize high-throughput and real-time transaction, this paper constructs a two-layer blockchain. EBCM has been compared with Bitcoin in performance, and demonstrates better on throughput, latency.

Keywords

Credibility Consensus mechanism Blockchain scalability 

Notes

Acknowledgment

This work is partially supported y SFC o.61572295; the Innovation Method Fund of China No. 2015IM010200; SDNSFC No.ZR2014FM031; the Science and Technology Development Plan Project of Shandong Province No. 2015GGX101015; the Shandong Province Independent Innovation Major Special Project No. 2015ZDXX0201B03.

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Copyright information

© ICST Institute for Computer Sciences, Social Informatics and Telecommunications Engineering 2017

Authors and Affiliations

  • Yuqin Xu
    • 1
  • Qingzhong Li
    • 1
    • 3
    Email author
  • Xingpin Min
    • 1
  • Lizhen Cui
    • 1
  • Zongshui Xiao
    • 2
    • 3
  • Lanju Kong
    • 1
  1. 1.School of Computer Science and TechnologyShandong UniversityJinanChina
  2. 2.Electronic Commerce Research Center of Shandong UniversityJinanChina
  3. 3.Dareway Software Co., LtdJinanChina

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