SEBF: A Single-Chain based Extension Model of Blockchain for Fintech
Abstract
The traditional blockchain has the shortcoming that a single-chain can only deal with one or a few specific data types. The research question of how to make blockchain be able to deal with various data types has not been well studied. In this paper, we propose a single-chain based extension model of blockchain for fintech (SEBF). In the financial environment, we design a four-layer architecture for this model. By employing the external trusted or-acle group and a financial regulator agency, a variety types of data can be effectively stored in the blockchain, such that the data type extension based on a single-chain is realized. The experimental results indicate that the proposed model can improve the efficiency of simplified payment verifi-cation.