This paper deals with the current Blockchain adopted in the various types of trading markets supporting smart contracts that process text-based transaction information only when exchanging cryptocurrencies. Even though the Blockchain itself is decentralized, services can still be provided through a centralized system in order to provide adequate services to the users. It also allows the Autochain to apply Blockchain technology to existing businesses conducted under the Fourth Industrial Revolution to realize higher productivity or competitiveness and improve profitability to a remarkable extent. The Autochain is adaptable to all Blockchain technologies, companies, or research works around the world to overcome the limitations of the existing Blockchain technology. It creates the Blockchain-platform ecology chain and ecosystem, making our lives more convenient while revolutionizing every industry. In addition, it automates all Blockchain-based systems and offers a base for constructing a system wherein everyone can easily provide, operate, and maintain Blockchain services. This paper discusses a number of Blockchain-related technologies and presents a decentralized Application (dApp) exclusively designed for mobile use, taking house rental service as an example. It also presents the existing Blockchain and the Blockchain database storage method and proposes the dApp based on it.
Blockchain technology ensures security and transparency by improving existing methods of providing information in a centralized system to connect and share blocks that make up the trading distribution nodes of distributed P2P (Peer-to-Peer) networks .
The dApp/Autochain platform presented in this paper is a fourth-generation Blockchain, with many companies now issuing digital encryption in legitimate currencies through financial markets. Using different names, these currencies have their respective market values, and some of which are successfully creating new capital markets and growing steadily.
For this and other reasons, many global IT (information technology) companies are conducting research and development on cryptographic exchange services that are technically and economically feasible and investing heavily in Blockchain technology as one of the core technologies of the fourth industrial revolution. The efficiency of Blockchain technology has already been proven; according to the Santander report, bank infrastructure costs could be reduced by up to $20 billion by 2022. Blockchain technology is said to have reached the third generation as it has become the center of attention in the digital encryption market in the era of the fourth industrial revolution. Recently, EOS announced that their mainnet actually adopted the third-generation Blockchain technology.
Although 1G ~ 3G Blockchain technologies are all composed of independent mainnets, certain problems remain unresolved. For example, at present, information or data generated by each Blockchain cannot be exchanged with another Blockchain as mentioned earlier, and some immediate problems should be addressed to ensure a safer and more efficient exchange of data between the Blockchain platforms. If the technology to solve this problem is made available, it will be able to solidify its position as the most important technology for the development of Blockchain technology in the future. Therefore, this paper discusses the need for existing Blockchain technologies.
As discussed in this paper, the architecture of this Blockchain is making great efforts to shift the paradigm of the existing financial system from centralized to P2P. This explains why the architecture of the Blockchain has become important. Therefore, this paper presents an architecture that uses distributed storage structures by selecting a new XML (Extensible Markup Language)-style architected archival method in the Blockchain in the DBMS (DataBase Management System) and storing it in a cloud server, or FOG computing, which are also some of the reasons such Blockchain services are not applied. It also presents a prototype leaf by applying it to the real estate management system using this architecture. So far, there is clearly an authorized broker for real estate sales. Instead of doing this escrow, however, we are incurring a lot of fees. Overcoming these centralized, validated systems, we propose a new Blockchain architecture, which is the P2P approach for the management of real estate management systems. In the future, Blockchain will be used in many areas. It will also adopt a more convenient method of verifying the deep running of artificial intelligence for these Blockchain services, and this paper proposes the combination of the vast data processing of big data and Blockchain engines.
The rest of this paper is organized as follows: Section 2 presents the methodology, Section 3 discusses the existing research and analysis, Section 4 presents the design and implementation, Section 5 implements the dApp/Autochain applied to real estate, Section 6 shows the Performance Evaluation of Autochain platform of Blockchain, Section 7 presents the result, Section 8 presents the discussion, and Section 9 presents the conclusions.
Thus, this study adopted a software methodology using an agile methodology and which was developed especially by security coding. This paper also suggests ethically agreed-upon methodologies that improve the problems of the existing Blockchain-based research methodologies and presents new theories. Using ERD (entity-relationship diagram) and data flow diagram using the design pattern, various database flows are shown. Using these Blockchain engines, a “Blockchain real estate transaction” dubbed dApp/Autochain is presented, including a methodology for acting as an adapter for application to these various applications.
This paper deals with the current Blockchain adopted in the various types of trading markets supporting smart contracts that process text-based transaction information only when exchanging cryptocurrencies. Even […]