PROOF-OF-STAKE CONSENSUS ALGORITHMS FOR THE SOFTWARE COMPONENTS BLOCKCHAIN

https://doi.org/10.52326/jes.utm.2022.29(1).08

UDC 004

Vaidas Giedrimas

Abstract. In the blockchain context, the information system (IS) is considered a part of its infrastructure. However, blockchain itself can be used for IS development using software components and services. As the trust for binary components or services is still a problem, we propose to use the blockchain of components to solve this problem. In this paper, the part of such solution, namely consensus algorithms, is discussed. We focus on Proof-of-Stake algorithms and present their feasibility to be used in the blockchain of software components. It was found that the use of probabilistic algorithms (RRR, CloudPoS, WV, DDPoS, Panda) allow the partial solution of the problem in the blockchain of reliable software components.

Keywords: software component, CBSE, consensus algorithm, blockchain.

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