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A Non-Consensus Based Decentralized Financial Transaction Processing Model with Support for Efficient Auditing

Abstract The success of Bitcoin has generated significant interest in the financial community to understand whether the technological underpinnings of the cryptocurrency paradigm can be leveraged to improve the efficiency of financial processes in the existing infrastructure. Various alternative proposals, most notably, Ripple and Ethereum, aim to provide solutions to the financial community in different ways. These proposals derive their security guarantees from either the computational hardness of proof-of-work or voting based distributed consensus mechanism, both of which can be computationally expensive. Furthermore, the financial audit requirements for a participating financial institutions have not been suitably addressed.

This thesis present... (more)
Created Date 2016
Contributor Gupta, Saurabh (Author) / Bazzi, Rida (Advisor) / Ahn, Gail-Joon (Committee member) / Herlihy, Maurice (Committee member) / Arizona State University (Publisher)
Subject Computer science
Type Masters Thesis
Extent 83 pages
Language English
Reuse Permissions All Rights Reserved
Note Masters Thesis Computer Science 2016
Collaborating Institutions Graduate College / ASU Library
Additional Formats MODS / OAI Dublin Core / RIS

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Description Dissertation/Thesis