On Using Blockchains for Safety-Critical Systems

Innovation in the world of today is mainly driven by software. Companies need to continuously rejuvenate their product portfolios with new features to stay ahead of their competitors. For example, recent trends explore the application of blockchains to domains other than finance. This paper analyzes the state-of-the-art for safety-critical systems as found in modern vehicles like self-driving cars, smart energy systems, and home automation focusing on specific challenges where key ideas behind blockchains might be applicable. Next, potential benefits unlocked by applying such ideas are presented and discussed for the respective usage scenario. Finally, a research agenda is outlined to summarize remaining challenges for successfully applying blockchains to safety-critical cyber-physical systems

Tree-Chain: A Fast Lightweight Consensus Algorithm for IoT Applications

Blockchain has received tremendous attention in non-monetary applications including the Internet of Things (IoT) due to its salient features including decentralization, security, auditability, and anonymity. Most conventional blockchains rely on computationally expensive consensus algorithms, have limited throughput, and high transaction delays. In this paper, we propose tree-chain a scalable fast blockchain instantiation that introduces two levels of randomization among the validators: i) transaction level where the validator of each transaction is selected randomly based on the most significant characters of the hash function output (known as consensus code), and ii) blockchain level where validator is randomly allocated to a particular consensus code based on the hash of their public key. Tree-chain introduces parallel chain branches where each validator commits the corresponding transactions in a unique ledger. Implementation results show that tree-chain is runnable on low resource devices and incurs low processing overhead, achieving near real-time transaction settlement