Research Area:  Blockchain Technology

Abstract:

Nowadays distributed ledger technology or blockchain is widely used in the corporate sector for various industries. Although implementation issues (coding practice, lack of capabilities, etc.) are not among the major barriers for the technology adaption, there are still some informational security challenges to adjust and scale blockchain networks for corporate usage. One of them is to provide functionality for private transactions stored in a blockchain. Some methods including mix networks, ring signatures, and off-chain protocols were applied to meet the privacy requirements. However, these methods have some limitations associated with the key blockchain characteristics such as decentralized storing system and immutability verification of private data. This article examines zero-knowledge proof (ZKP) methods for corporate blockchain networks. The article provides the review of existing methods for private transactions, discovers the implementation of ZKP methods, also performance and scalability issues are discussed.

Keywords:  

Author(s) Name:  Anatoly Konkin,Sergey Zapechnikov

Publisher name:  Elsevier

DOI:  10.1016/j.procs.2021.06.055

Volume Information:  Volume 190, 2021, Pages 471-478

Paper Link:   https://www.sciencedirect.com/science/article/pii/S1877050921013004