Over the past several years, due to the progression toward data-driven scientific disciplines, the field of Big Data has gained significant importance. These developments pose certain challenges in the area of efficient, effective, and secure management and transmission of digital information. This paper presents and evaluates a novel Distributed Ledger Technology (DLT) system, Fibereum, in a variety of use-cases, including a DLT-based system for Big Data exchange, as well as the fungible and non-fungible exchange of artwork, goods, commodities, and digital currency. Fibereum’s innovations include the application of non-linear data structures and a new concept of Lazy Verification. We demonstrate the benefits of these novel features for DLT system applications’ cost performance and their added resilience towards cyber-attacks via the consideration of several use cases.
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Fbereum: A Novel Distributed Ledger Technology System
Over the past several years, due to the progression toward data-driven
scientific disciplines, the field of BigData has gained significant importance. These
developments pose certain challenges in the area of efficient, effective, and secure
management and transmission of digital information. This paper presents and
evaluates a novel Distributed Ledger Technology (DLT) system, Fibereum, in a
variety of use-cases, including a DLT-based system for Big Data exchange, as well
as the fungible and non-fungible exchange of artwork, goods, commodities, and
digital currency. Fibereum’s innovations include the application of non-linear data
structures and a new concept of Lazy Verification. We demonstrate the benefits
of these novel features for DLT system applications’ cost performance and their
added resilience towards cyber-attacks via the consideration of several use cases.
more »
« less
- Award ID(s):
- 1920182
- PAR ID:
- 10541682
- Publisher / Repository:
- Springer Nature Switzerland
- Date Published:
- Page Range / eLocation ID:
- 669 - 684
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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