A Novel Hybrid Sharing Economy Based Blokchain Model (Proof of Meet)

Authors : Selçuk TOPAL

Pages : 11-14

View : 14 | Download : 6

Publication Date : 2020-09-30

Article Type : Research Paper

Abstract :This paper is the first part of the Proof of Meet insert ignore into journalissuearticles values(PoM); work. This part focuses on the need for the model and its system insert ignore into journalissuearticles values(roughly); rather than giving technical details. In the second part, full technical details and architecture of the model will be discussed. The model focuses on consensus-based sharing insert ignore into journalissuearticles values(meeting); economy model. The sharing insert ignore into journalissuearticles values(meeting); describes the relationship between what is already somewhere and what goes there. The consensus is built on active clients insert ignore into journalissuearticles values(where the client can be anything capable of a change of location); on a social activity insert ignore into journalissuearticles values(location and action);. There are two parts of clients; the first who/which go somewhere for a purpose insert ignore into journalissuearticles values(C_1); and the second who/which are regularly somewhere for a purpose insert ignore into journalissuearticles values(C_2);. C_1 is in the domain of at least two clients and C_2 is in at least one. To build a decentralised blockchain with no energy-consuming, the paper proposes a consensus system, PoM, on the top of Proof of Stake insert ignore into journalissuearticles values(PoS); and Blockchain-Based Proof of Location insert ignore into journalissuearticles values(BBPL);. The sharing economy model is one of the applications of the proposed blockchain model. The blockchain system called HOX is available to use very large area distributed ledger systems from a dynamic transportation system to dynamic big data. HOX is an instance of PoM application. Consequently, the proposed model provides the opportunity to record taxes, earn a fair share of labour and use blockchain actively in daily life within the legal framework.
Keywords : Proof of meet, proof of stake, blockchain, consensus, location based blockchain, dynamic big data