Next generation blockchain technology: The Entropic Blockchain

Abstract

Storage, transmission and processing of data become a significant problem when large digital data files or databases are involved, as in the case of decentralized online global databases such as blockchain. Here we propose a novel method that allows the scalability of digital assets, including blockchain databases in the download, validation and confidentiality process, by developing a lightweight blockchain technology called Entropic Blockchain. This is a computer-implemented mathematical method to generate an information-entropic numerical barcode representation of a digital asset. Using this technique, a 1 - 2 Mb block of digital data can be represented by a few bytes reducing significantly the size of a blockchain. The entropic barcode file can be utilized on its own, or as an optically machine-readable entropic barcode, for secure data transmission, processing, labelling, identification, one-way encryption and compression, validation, and digital tamper-proof check. The mathematics of this process and all the steps involved in its implementation are discussed in detail in this article.