Blockchain Synchronous Trust Consensus Model
This work introduces a novel approach for the governance of a blockchain containing social constructs and technical viability for widescale applications for the next generation of distributed ledgers. Functional requirements for this new blockchain distributed ledger (BDL) were garnered from an anal...
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Zusammenfassung: | This work introduces a novel approach for the governance of a blockchain
containing social constructs and technical viability for widescale applications
for the next generation of distributed ledgers. Functional requirements for
this new blockchain distributed ledger (BDL) were garnered from an analysis of
the needs for large-scale applications. Applied research was employed as part
of this endeavor to test the practicality and scalability of the solution
outline. Novel features in this application draw together controls and
enforcement for cybersecurity, digital content management, licensing, and
configuration management. The Synchronous Trust Consensus Model applied
research project named Project Philos was sponsored by the BlockChain
Development Community (BCDC) with support from the University of Colorado.
Research has followed both theorized conceptual and theory-to-practice models
to prove the scientific soundness and the viability of incentive for community
engagement. Results show that this new model proves the feasibility of an
indefinitely expandable blockchain distributed ledger capability, while also
providing a new participant incentive that is highly effective in engaging a
community of practitioners. |
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DOI: | 10.48550/arxiv.2112.03692 |