Trusted Data Analysis and Consensus Mechanism of Product Traceability Based on Blockchain

Abstract

As a decentralized, distributed system between functional and benefit management functions, blockchain is effective for financial transaction data security, data tracking and antitampering, product tracking, and access control. In this context, we have conducted experimental research on the blockchain product traceability trusted data analysis consensus mechanism and reached the following conclusions. (1) There are decentralization, irreversible tampering, traceability, and openness through the blockchain’s own information and other functions so that a series of processes from raw material production, transportation, and logistics sales are well documented. (2) Under the same network environment, if the number of matches in the system increases, the average matching time consumed by the original engine is greater than the average matching time on the optimized engine. For example, taking 10% of Byzantine nodes in the system, the number of consensus increases, the average ITPBFT consensus time is about 5.74 s, and the average consensus time of the PBFT consensus mechanism is about 6.13 s. As a decentralized distributed data management system through nodes, blockchain is widely used in financial transactions, copyright protection, and product areas such as tracking and access control. In this regard, we conducted an experimental study of the consensus mechanism to analyze reliable data on the traceability of blockchain products and came to the conclusion of the experiment.