2019/11/27 by Oleksii Konashevych, Konashevych, Oleksii
Economics, Econometrics and Finance · Social Sciences · #Cryptography and Security (cs.CR) #Digital Transformation in Law #FOS: Computer and information sciences #Legal and Policy Issues #Security, Politics, and Digital Transformation
paper · pdf · doi:10.48550/arxiv.1912.01713
openalex publication_date 2019/11/27 · openalex created_date 2022/07/26 · openalex updated_date 2026/07/28
There is an ongoing competition among blockchain technologies and the\nexistence of one ultimate blockchain is impossible for many reasons. On the\nother hand, such variety can create difficulties in adoption, especially for\nthe governments and corporations. The proposed technology ensures a blockchain\nagnostic approach and aimed to create a unified ecosystem of multiple networks.\nThe cross-blockchain protocol can be used to develop services where end-users\ndecide for themselves their most preferred blockchain. The invention solves\nproblems of duplication of tokens in the result of hardforks, issues with\nscalability, digital identity and even the "problem" of immutability\n(enforceability). A cross-blockchain DB means a consistent non-conflicting\nkey-value database across a bunch of defined blockchains. It is not a new\nblockchain, but a protocol for developing databases on existing blockchains.\nThe protocol is also a basis for a "smart law" which is a framework for public\nregistries and their governance.\n