Skip to main content

A Distributed Digital Asset-Trading Platform Based on Permissioned Blockchains

  • Conference paper
  • First Online:
Smart Blockchain (SmartBlock 2018)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 11373))

Included in the following conference series:

Abstract

With the rapid development of cryptocurrencies, digital-asset transaction has become important, and the security and privacy of the centralized asset-trading platform are becoming serious. Distributed digital asset-trading platform has many characteristics such as high security and low transaction cost, thus received significant attention. In this paper, we first introduce distributed digital-asset-trading platforms, and evaluates currently available platforms by showing the strength and weakness of these platforms. Second, based on these analyses, we propose some principles of distributed digital-asset-trading platforms. Third, based on these principles, we put forward a novel exchange blockchain (EBC), which is based on permissioned blockchain (BC). We introduce the EBC system (EBCS), and analyse the performances of EBCS. Finally, we summarize and prospect future work of EBCS.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Subscribe and save

Springer+ Basic
EUR 32.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or Ebook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  1. Nakamoto, S.: Bitcoin: a peer-to-peer electronic cash system (2008)

    Google Scholar 

  2. Decker, C., Wattenhofer, R.: Bitcoin transaction malleability and MtGox. In: Kutyłowski, M., Vaidya, J. (eds.) ESORICS 2014. LNCS, vol. 8713, pp. 313–326. Springer, Cham (2014). https://doi.org/10.1007/978-3-319-11212-1_18

    Chapter  Google Scholar 

  3. Baldwin, C., Poon, H.: Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong. http://www.reuters.com/article/us-bitfinex-hacked-hongkong-idUSKCN10E0KP. Accessed 28 Oct 2018

  4. A Timeline: ShapeShift Hacking Incident (2016)

    Google Scholar 

  5. Kim, C.Y., Lee, K.: Risk management to cryptocurrency exchange and investors guidelines to prevent potential threats. In: 2018 International Conference on Platform Technology and Service (PlatCon). IEEE (2018)

    Google Scholar 

  6. WISeKey. Annual Report (2017). https://docs.wisekey.com/site/justdownload.html?id=63. Accessed 28 Oct 2018

  7. Bhaskar, N.D., Chuen, D.L.K.: Bitcoin exchanges. In: Handbook of Digital Currency, pp. 559–573 (2015)

    Chapter  Google Scholar 

  8. 0x: An open protocol for decentralized exchange on the Ethereum blockchain. https://0xproject.com/pdfs/0x_white_paper.pdf. Accessed 28 Oct 2018

  9. KyberNetwork: A trustless decentralized exchange and payment service. https://home.kyber.network/assets/KyberNetworkWhitepaper.pdf. Accessed 28 Oct 2018

  10. AirSwap (AST)-Whitepaper. https://whitepaperdatabase.com/airswap-ast-whitepaper/. Accessed 28 Oct 2018

  11. Tsai, W.-T., Bai, X., Yu, L.: Design issues in permissioned blockchains for trusted computing. In: 2017 IEEE Symposium on Service-Oriented System Engineering (SOSE). IEEE (2017)

    Google Scholar 

  12. Tsai, W.-T., et al.: Intellectual-property blockchain-based protection model for microfilms. In: 2017 IEEE Symposium on Service-Oriented System Engineering (SOSE). IEEE (2017)

    Google Scholar 

  13. Tsai, W.-T., et al.: Application of Blockchain to Trade Clearing. In: 2018 IEEE International Conference on Software Quality, Reliability and Security Companion (QRS-C). IEEE (2018)

    Google Scholar 

  14. Stex Whitepaper. https://stex.exchange/media/pdf/whitepaper.pdf. Accessed 28 Oct 2018

  15. Loopring Whitepaper. https://github.com/Loopring/whitepaper. Accessed 28 Oct 2018

  16. Etherdelta. https://etherdelta.com/. Accessed 28 Oct 2018

  17. Tsai, W.-T., et al.: A system view of financial blockchains. In: 2016 IEEE Symposium on Service-Oriented System Engineering (SOSE). IEEE (2016)

    Google Scholar 

  18. Tsai, W.-T., Yu, L.: Lessons learned from developing permissioned blockchains. In: 2018 IEEE International Conference on Software Quality, Reliability and Security Companion (QRS-C). IEEE (2018)

    Google Scholar 

  19. Yu, L., et al.: Smart-contract execution with concurrent block building. In: 2017 IEEE Symposium on Service-Oriented System Engineering (SOSE). IEEE (2017)

    Google Scholar 

Download references

Acknowledgment

This work is supported by National Key Laboratory of Software Environment at Beihang University, National 973 Program (Grant No. 2013CB329601) and National Natural Science Foundation of China (Grant No. 61472032), (Grant No. 61672075) and (Grant No. 61690202).

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Rong Wang .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Wang, R., Tsai, WT., He, J., Liu, C., Deng, E. (2018). A Distributed Digital Asset-Trading Platform Based on Permissioned Blockchains. In: Qiu, M. (eds) Smart Blockchain. SmartBlock 2018. Lecture Notes in Computer Science(), vol 11373. Springer, Cham. https://doi.org/10.1007/978-3-030-05764-0_6

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-05764-0_6

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-05763-3

  • Online ISBN: 978-3-030-05764-0

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics