PLEDGE: A Proof-of-Honesty based Consensus Protocol for Blockchain-based IoT Systems

Exhibition of malicious behavior during blockchain consensus, threats against reputation systems, and high TX latency are significant issues for blockchain-based IoT systems. Hence, to mitigate such challenges we propose "Pledge", a unique Proof-of-Honesty based consensus protocol. Initial...

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Bibliographic Details
Published in2020 IEEE International Conference on Blockchain and Cryptocurrency (ICBC) pp. 1 - 3
Main Authors Makhdoom, Imran, Tofigh, Farzad, Zhou, Ian, Abolhasan, Mehran, Lipman, Justin
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.05.2020
Subjects
Blockchain consensus
Byzantine Fault Tolerance
Conferences
distributed consensus
Fault tolerance
Fault tolerant systems
miner selection
Peer-to-peer computing
proof of honesty
Protocols
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Summary:Exhibition of malicious behavior during blockchain consensus, threats against reputation systems, and high TX latency are significant issues for blockchain-based IoT systems. Hence, to mitigate such challenges we propose "Pledge", a unique Proof-of-Honesty based consensus protocol. Initial experimentation shows that Pledge is economical with low computations and communications complexity and low latency in transaction confirmation.
DOI:10.1109/ICBC48266.2020.9169406