The Burn-to-Claim cross-blockchain asset transfer protocol

Conference paper


Pillai, Babu, Biswas, Kamanashis, Hou, Zhe and Muthukkumarasamy, Vallipuram. (2020). The Burn-to-Claim cross-blockchain asset transfer protocol. 25th International Conference on Engineering of Complex Computer Systems (ICECCS). 28 - 31 Oct 2020 IEEE Xplore. pp. 119-124 https://doi.org/10.1109/ICECCS51672.2020.00021
AuthorsPillai, Babu, Biswas, Kamanashis, Hou, Zhe and Muthukkumarasamy, Vallipuram
TypeConference paper
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.

Year2020
PublisherIEEE Xplore
Digital Object Identifier (DOI)https://doi.org/10.1109/ICECCS51672.2020.00021
Scopus EID2-s2.0-85103496175
Publisher's version
License
All rights reserved
File Access Level
Controlled
Page range119-124
Book editorLi, Yi
Liew, Alan
ISBN9781728185583
9781728185590
Output statusPublished
Publication dates
Online19 Mar 2021
Publication process dates
Deposited11 Oct 2021
Permalink -

https://acuresearchbank.acu.edu.au/item/8wwyw/the-burn-to-claim-cross-blockchain-asset-transfer-protocol

Restricted files

Publisher's version

  • 1
    total views
  • 0
    total downloads
  • 1
    views this month
  • 0
    downloads this month
These values are for the period from 19th October 2020, when this repository was created.

Export as

Related outputs

Control plane optimisation for an SDN-Based WBAN framework to support healthcare applications
Hasan, Khalid, Ahmed, Khandakar, Biswas, Kamanashis, Islam, Md S., Kayes, A. S. M. and Islam, S. M. Riazul. (2020). Control plane optimisation for an SDN-Based WBAN framework to support healthcare applications. Sensors. 20(15), pp. 1-19. https://doi.org/10.3390/s20154200
COVID-19 contact tracing : Challenges and future directions
Chowdhury, M. J. M., Ferdous, M. S., Biswas, K., Chowdhury, N. and Muthukkumarasamy, V.. (2020). COVID-19 contact tracing : Challenges and future directions. IEEE Access. 8, pp. 225703-225729. https://doi.org/10.1109/ACCESS.2020.3036718
Cross-chain interoperability among blockchain-based systems using transactions
Pillai, Babu, Biswas, Kamanashis and Muthukkumarasamy, Vallipuram. (2020). Cross-chain interoperability among blockchain-based systems using transactions. Knowledge Engineering Review. 35(e23), pp. 1 - 17. https://doi.org/10.1017/S0269888920000314
Quantitative research design to evaluate learning platforms and learning methods for cyber-security courses
Biswas, Kamanashis and Muthukkumarasamy, Vallipuram. (2017). Quantitative research design to evaluate learning platforms and learning methods for cyber-security courses. Australian Association for Environmental Education (AAEE) Conference. Sydney, Australia: Australasian Association for Engineering Education. pp. 793 - 799
Blockchain based wine supply chain traceability system
Biswas, Kamanashis, Muthukkumarasamy, Vallipuram and Tan, Wee Lum. (2017). Blockchain based wine supply chain traceability system. Future Technologies Conference (FTC) 2017. Vancouver, Canada 29 - 30 Nov 2017 United Kingdom: The Science and Information Organization. pp. 56-62
Securing smart cities using blockchain technology
Biswas, Kamanashis and Muthukkumarasamy, Vallipuram. (2016). Securing smart cities using blockchain technology. IEEE International Conference on High Performance Computing and Communications. United States of America: IEEE Xplore. pp. 1392 - 1393 https://doi.org/10.1109/HPCC-SmartCity-DSS.2016.0178
An interference aware heuristic routing protocol for wireless home automation networks
Biswas, Kamanashis, Muthukkumarasamy, Vallipuram, Wu, Xin-Wen and Singh, Kalvinder. (2015). An interference aware heuristic routing protocol for wireless home automation networks. Journal of Networks. 10(11), pp. 616 - 624. https://doi.org/10.4304/jnw.10.11.616-624
An encryption scheme using chaotic map and genetic operations for wireless sensor networks
Biswas, Kamanashis, Muthukkumarasamy, Vallipuram and Singh, Kalvinder. (2015). An encryption scheme using chaotic map and genetic operations for wireless sensor networks. IEEE Sensors Journal. 15(5), pp. 2801 - 2809. https://doi.org/10.1109/JSEN.2014.2380816
An analytical modeling for lifetime estimation of wireless sensor networks
Biswas, Kamanashis, Muthukkumarasamy, Vallipuram, Wu, Xin-Wen and Singh, Kalvinder. (2015). An analytical modeling for lifetime estimation of wireless sensor networks. IEEE Communications Letters. 19(9), pp. 1584 - 1587. https://doi.org/10.1109/LCOMM.2015.2453974