Mingsheng WANG, Heyang CAO, Peiyao LI. Decentralized credit system based on blockchain and its application[J]. Journal on Communications, 2019, 40(8): 169-177.
DOI:
Mingsheng WANG, Heyang CAO, Peiyao LI. Decentralized credit system based on blockchain and its application[J]. Journal on Communications, 2019, 40(8): 169-177. DOI: 10.11959/j.issn.1000-436x.2019126.
Decentralized credit system based on blockchain and its application
A decentralized credit system was proposed and its construction application was given.Decentralized credit system could be constructed by expanding the transaction structure of “digital currency commodity” based on block chain
expanding the function of consensus protocol and adding specific accounts.Also
the decentralized credit system was applied to the PKI enhancement and supervision system IKP so that IKP system did not need global fund in operation.Moreover
by introducing the hierarchical “virtual currency commodity” supply adjustment mechanism in the decentralized credit system to alleviate the difficulty of regulating the “virtual currency commodity” supply of “digital currency commodity” based on block chain
the precise “virtual currency commodity” supply regulation can be achieved.
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