Publication
ICBC 2021
Conference paper

Verifiable observation of permissioned ledgers

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Abstract

Permissioned ledger technologies have gained significant traction over the last few years. For practical reasons, their applications have focused on transforming narrowly scoped use-cases in isolation. This has led to a proliferation of niche, isolated networks that are quickly becoming data and value silos. To increase value across the broader ecosystem, these networks must seamlessly integrate with existing systems and interoperate with one another. A fundamental requirement for enabling cross-chain communication is the ability to prove the validity of the internal state of a ledger to an external party. However, due to the closed nature of permissioned ledgers, their internal state is opaque to an external observer. This makes consuming and verifying states from these networks a non-trivial problem.This paper addresses this fundamental requirement for state sharing across permissioned ledgers. In particular, we address two key problems for external clients: (i) assurances on the validity of state in a permissioned ledger and (ii) the ability to reason about the currency of state, i.e., whether the state is currently valid. We assume an adversarial model where the members of the committee managing the permissioned ledger can be malicious in the absence of detectability and accountability. We present a formalization of the problem for state sharing and examine its security properties under different adversarial conditions. We propose the design of a protocol that uses a secure public ledger for providing guarantees on safety and the ability to reason about time, with at least one honest member in the committee. We then provide a formal security analysis of our design and a proof of concept implementation based on Hyperledger Fabric demonstrating the effectiveness of the proposed protocol.

Date

03 May 2021

Publication

ICBC 2021

Authors

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