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A Machine Learning-Based Method for Automated Blockchain Transaction Signing Including Personalized Anomaly
Blaž Podgorelec1, Muhamed Turkanović1, Sašo Karakatič1
1Faculty of Electrical Engineering and Computer Science, University of Maribor, Koroška cesta 46, 2000 Maribor, Slovenia.
Sensors (Basel, Switzerland)
|December 29, 2019
Summary
This study introduces a machine learning method for automated blockchain transaction signing and anomaly detection. The approach enhances user-friendliness and acceptance of blockchain technology.
Area of Science:
- Computer Science
- Cryptography
- Machine Learning
Background:
- Blockchain technology relies on digitally signed transactions for data integrity on distributed ledgers.
- Current digital signing processes are time-consuming and hinder widespread blockchain adoption.
Purpose of the Study:
- To develop a machine learning-based method for automated blockchain transaction signing.
- To incorporate personalized identification of anomalous transactions within the signing process.
Main Methods:
- A novel machine learning algorithm was designed for automated transaction signing.
- The method was evaluated using data from the Ethereum public main network.
- Anomaly detection was integrated into the personalized signing workflow.
Main Results:
- The proposed method demonstrated promising results in automating blockchain transaction signing.
- The system effectively identified anomalous transactions, enhancing security.
- Experimental analysis on Ethereum data validated the method's efficacy.
Conclusions:
- The machine learning approach offers a user-friendly and efficient solution for blockchain transaction signing.
- This method can significantly improve the adoption and security of blockchain technology.
- Future integration into digital signing software is a viable next step.