CCIO: A Cross-Chain Interoperability Approach for Consortium Blockchains Based on Oracle

Abstract

Cross-chain interoperability can expand the ability of data interaction and value circulation between different blockchains, especially the value interaction and information sharing between industry consortium blockchains. However, some current public blockchain cross-chain technologies or data migration schemes between consortium blockchains need help to meet the consortium blockchain requirements for efficient two-way data interaction. The critical issue to solve in cross-chain technology is improving the efficiency of cross-chain exchange while ensuring the security of data transmission outside the consortium blockchain. In this article, we design a cross-chain architecture based on blockchain oracle technology. Then, we propose a bidirectional information cross-chain interaction approach (CCIO) based on the former architecture, we novelly improve three traditional blockchain oracle patterns, and we combine a mixture of symmetric and asymmetric keys to encrypt private information to ensure cross-chain data security. The experimental results demonstrate that the proposed CCIO approach can achieve efficient and secure two-way cross-chain data interactions and better meet the application needs of large-scale consortium blockchains.