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A Blockchain-based Trust System for Decentralised Applications: When trustless needs trust

Lee, GM A Blockchain-based Trust System for Decentralised Applications: When trustless needs trust. Future Generation Computer Systems: the international journal of grid computing: theory, methods and applications. ISSN 0167-739X (Accepted)

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Abstract

Blockchain technology has been envisaged to commence an era of decentralised applications and services (DApps) without the need for a trusted intermediary. Such DApps open a marketplace in which services are delivered to end-users by contributors which are then incentivised by cryptocurrencies in an automated, peer-to-peer, and trustless fashion. However, blockchain, consolidated by smart contracts, only ensures on-chain data security, autonomy and integrity of the business logic execution defined in smart contracts. It cannot guarantee the quality of service of DApps, which entirely depends on the services’ performance. Thus, there is a critical need for a trust system to reduce the risk of dealing with fraudulent counterparts in a blockchain network. These reasons motivate us to develop a fully decentralised trust framework deployed on top of a blockchain platform, operating along with DApps in the marketplace to demoralise deceptive entities while encouraging trustworthy ones. The trust system works as an underlying decentralised service providing a feedback mechanism for end-users and maintaining trust relationships among them in the ecosystem accordingly. We believe this research fortifies the DApps ecosystem by introducing an universal trust middleware for DApps as well as shedding light on the implementation of a decentralised trust system.

Item Type: Article
Uncontrolled Keywords: 0803 Computer Software, 0805 Distributed Computing, 0806 Information Systems
Subjects: Q Science > QA Mathematics > QA76 Computer software
Divisions: Computer Science & Mathematics
Publisher: Elsevier
Date Deposited: 02 Jun 2021 09:56
Last Modified: 02 Jun 2021 10:00
URI: https://researchonline.ljmu.ac.uk/id/eprint/15084

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