Conference proceeding
The Burn-to-Claim cross-blockchain asset transfer protocol
2020 25th International Conference on Engineering of Complex Computer Systems (ICECCS), Vol.2020, pp.119-124
International Conference on Engineering of Complex Computer Systems (ICECCS) (Singapore, 28/10/2020 - 31/10/2020)
10/2020
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Source: InCites
Abstract
The future of multi-blockchain architecture depends on the emergence of new protocols that achieve communication between trustless cross-chain participants. However, interoperability between blockchains remains an open problem. Existing approaches provide integration through solutions using a middleware system, which makes it harder to gain confidence mainly in terms of security and correctness of the process. A cross-chain protocol needs to provide a self-verifiable state-proof that embeds trust in the transfer process. We propose a Burn-to-Claim cross-chain protocol to seamlessly exchange assets between networks. Our scheme transfers assets from one blockchain system to another in a way that the asset is burned from the source blockchain and claimed on the destination blockchain. Our mechanism employs combinations of crypto mechanisms such as digital signatures and time lock to operate the protocol in a distributed manner. We provide an analysis which proves that our cross-chain protocol transfers assets correctly and securely.
Details
- Title
- The Burn-to-Claim cross-blockchain asset transfer protocol
- Creators
- Babu Pillai - Griffith UniversityKamanashis Biswas - Australian Catholic UniversityZhe Hou - Griffith UniversityVallipuram Muthukkumarasamy - Griffith University
- Publication Details
- 2020 25th International Conference on Engineering of Complex Computer Systems (ICECCS), Vol.2020, pp.119-124
- Conference
- International Conference on Engineering of Complex Computer Systems (ICECCS) (Singapore, 28/10/2020 - 31/10/2020)
- Publisher
- IEEE
- Identifiers
- 991013092667302368
- Academic Unit
- Faculty of Science and Engineering
- Language
- English
- Resource Type
- Conference proceeding