Journal on Communications ›› 2019, Vol. 40 ›› Issue (8): 169-177.doi: 10.11959/j.issn.1000-436x.2019126

Special Issue: 区块链

• Correspondences • Previous Articles     Next Articles

Decentralized credit system based on blockchain and its application

Mingsheng WANG1,2,Heyang CAO1,2(),Peiyao LI1,2   

  1. 1 State Key Laboratory of Information Security,Institute of Information Engineering,Chinese Academy of Sciences,Beijing 100093,China
    2 School of Cyber Security,University of Chinese Academy of Sciences,Beijing 100049,China
  • Revised:2019-06-24 Online:2019-08-25 Published:2019-08-30
  • Supported by:
    The National Key R&D Program of China(2017YFB0802202)

Abstract:

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.

Key words: block chain, “digital currency commodity”, credit system, decentralization

CLC Number: 

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