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A Trusted Reputation Management Scheme for Cross-Chain Transactions.
Kuongho Chen1,2, Lin-Fa Lee2, Wayne Chiu3
1ezPay Co., Ltd., Taipei 11578, Taiwan.
Sensors (Basel, Switzerland)
|July 14, 2023
Summary
This study introduces a dynamic reputation management scheme to enhance blockchain security. It uses past transaction behaviors and Particle Swarm Optimization (PSO) to identify and eliminate malicious nodes in cross-chain transactions.
Area of Science:
- Computer Science
- Information Security
- Distributed Systems
Background:
- Blockchain technology offers secure, decentralized data storage across various sectors like finance and healthcare.
- Interoperability challenges exist between different blockchain platforms, complicating data and transaction exchange.
- Cross-chain transactions, while useful, present security vulnerabilities due to potential node manipulation.
Purpose of the Study:
- To address the security loopholes in cross-chain transactions.
- To propose a system for identifying and mitigating malicious actors within blockchain networks.
- To develop a flexible and precise method for managing node reputation across diverse blockchain platforms.
Main Methods:
- A dynamic reputation management scheme is proposed, evaluating nodes based on historical transaction behavior.
- Particle Swarm Optimization (PSO) is integrated to create a flexible and accurate reputation index.
- The scheme aims to detect and intercept malicious node behavior in real-time.
Main Results:
- The proposed scheme effectively evaluates node reputation using past transaction data.
- Integration of PSO enhances the precision and adaptability of the reputation index.
- The system provides a mechanism for timely interception of malicious activities.
Conclusions:
- A robust system for securing cross-chain transactions is crucial for blockchain integrity.
- Dynamic reputation management, enhanced by PSO, offers a viable solution to mitigate risks from malicious nodes.
- The proposed scheme improves the security and reliability of inter-blockchain communications.
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