A crypto-economy based distributed & asynchronous hashgraphy algorithm for a tracking system
Date
2018Citation:
Kommushetty, S. (2018). A crypto-economy based distributed & asynchronous hashgraphy algorithm for a tracking system (Unpublished document submitted in partial fulfilment of the requirements for the degree of Master of Computing). Unitec Institute of Technology, Auckland, New Zealand. Retrieved from https://hdl.handle.net/10652/4669Permanent link to Research Bank record:
https://hdl.handle.net/10652/4669Abstract
RESEARCH QUESTIONS:
•How Hashgraphy can be applied for real-time tracking of an object?
•How Hashgraphy can be used to deliver real-time data from weather to traffic conditions by the tracking system?
•How can Hashgraphy make the tracking system resilient?
•How can Hashgraphy make the tracking system achieve faster-tracking speed?
ABSTRACT:
Cryptography and economy concepts have solidified in a particularly remarkable and convoluted approach to make crypto-economy. The advancement that it has experienced over the span of the last couple of years is tremendous and it is significantly improving and being used more comprehensively.
The improvement of crypto-economy has been dependent clearly on the development of Distributed Ledger Technology (DLT), including the first and related programming and computational progressions, starting from public key cryptography. Distributed Ledger (DL) received enormous consideration in most recent years & is steadily moving on with a very promising future ahead.
This thesis gives an orderly review of significant DL algorithms - Blockchain, Tangle, and Hash graph applicable to comprehend and structure the Distributed Ledger Technology (DLT) field. Furthermore, in view of this it portrays Hashgraph ideas and explains the Hashgraph DLT functioning in detail. The primary motive in picking Hashgraph is the freshness of technology and it's amazing attributes- more faster, more fair, more efficient secure. An implementation of Hashgraph has been done by developing a prototype and compared against the popular Blockchain technology based prototype to analyse which is the more faster and more secure technology of the two. Hashgraph professes to be exponentially quick with a speed of >250,000 transactions per second (tps), more secure and more proficient contrasted with other DLT calculations Blockchain (3-4 tps) and Tangle (500-800 tps). A real-time tracking system has been developed and hashgraph concept has been applied to it to improve the its speed and efficiency and also making it all the more secure.
The outcome would then be able to be utilized for future research and also prospective successful collaborations of these algorithms in the area of DL.