Research on Architecture of Digital Bond Trading Contract System Based on Blockchain Technology

Author:

Xu Zheng1ORCID,Liu Ji2ORCID

Affiliation:

1. School of Finance and Economics, ShenZhen Institute of Information Technology, Shenzhen 518172, China

2. School of Electrical and Information Engineering, The University of Sydney, Sydney 2000, NSW, Australia

Abstract

The traditional identification method of the digital bond trading contract system is single chain identification. Due to a large number of digital bond trading users, single chain identification will affect the performance of the system in the trading process. Therefore, we aim to propose a digital bond trading contract system based on blockchain technology and study the system architecture. In this paper, the architecture of the bond trading system is optimized by using the technology of blockchain, and the software architecture is developed by using the technology of blockchain. Through the performance test of the system, the advantages of the system architecture in practical application are verified. Firstly, the overall hardware architecture of the system is designed, and the internal structure of the controller in the control layer is redeployed. Combining the Mork tree and Patricia tree, the data structure based on blockchain and the block header data structure of the transaction contract system are optimized. By analyzing the operation process of the smart contract, the process of the smart contract consensus algorithm is optimized. The system performance test results show that the performance of the designed system in system transaction throughput, transaction delay, and system security is better than the traditional system, which verifies the effectiveness and reliability of the designed system.

Publisher

Hindawi Limited

Subject

Computer Networks and Communications,Computer Science Applications

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