White Paper - Permissioned Blocks
For the last 6 months I have been pretty busy developing a new technology that I’ve called Permissioned Blocks. This technology allows publishers to grant digital content rights in a decentralised p2p manner and also brings confidentiality to smart contract information when used on public blockchains such as Ethereum.
Today, I am proud to say that I have completed the first working version and the following video that demonstrates permissioned blocks in action.
Highlights:
- 100% privacy of smart contract functional state information.
- Max throughput of 10,000 transactions per second (using Tendermint consensus engine).
- No gas required to be paid to miners.
- Decentralised solution using a folk of IPFS for the secure storage of smart contract state.
- Compatible with any Turing Complete blockchain (e.g. Ethereum, Hyperledger). Decoupled and modular design.
- Multi user/role security capability model.
A docker image will be provided soon on Github, so developers can run the demo and test it out.
Please feel free to post any comments or questions below.