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CCIO: A Cross-Chain Interoperability Approach for Consortium Blockchains Based on Oracle.

Shaofei Lu1,2, Jingru Pei1, Renke Zhao1

  • 1College of Computer Science and Electronic Engineering, Hunan University, Changsha 410082, China.

Sensors (Basel, Switzerland)
|February 28, 2023
PubMed
Summary
This summary is machine-generated.

This study introduces a novel cross-chain architecture and approach (CCIO) for enhanced blockchain interoperability. CCIO ensures efficient and secure bidirectional data exchange, crucial for consortium blockchains.

Keywords:
blockchain oracleconsortium blockchaincross-chain interoperabilityinformation sharing

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Area of Science:

  • Computer Science
  • Distributed Systems
  • Cryptography

Background:

  • Cross-chain interoperability is vital for data and value circulation between blockchains.
  • Existing solutions often fail to meet consortium blockchains' need for efficient two-way data interaction.
  • Security and efficiency are key challenges in cross-chain technology.

Purpose of the Study:

  • To design a cross-chain architecture utilizing blockchain oracle technology.
  • To propose a bidirectional information cross-chain interaction approach (CCIO).
  • To enhance cross-chain data security and efficiency for consortium blockchains.

Main Methods:

  • Designed a cross-chain architecture leveraging blockchain oracle technology.
  • Developed a bidirectional information cross-chain interaction approach (CCIO).
  • Improved traditional blockchain oracle patterns and employed hybrid encryption for data security.

Main Results:

  • The proposed CCIO approach enables efficient two-way cross-chain data interactions.
  • Demonstrated enhanced security for cross-chain data transmission.
  • Validated the approach's suitability for large-scale consortium blockchain applications.

Conclusions:

  • The CCIO approach effectively addresses the limitations of current cross-chain technologies.
  • Achieves efficient and secure bidirectional data exchange, meeting consortium blockchain requirements.
  • Offers a promising solution for improving blockchain interoperability in enterprise settings.