International Institute of Information Technology, Hyderabad

Anurag Jain

Kannan Srinathan

Sujit Gujar

A blockchain system for mining a transaction using parallel blocks to improve scalability is provided. The blockchain system includes a sender node, a blockchain network, and mining nodes. The sender node (i) creates a transaction, and (ii) broadcasts the transaction on the blockchain network. Each of the mining nodes is configured to (I) split the transaction into disjoint subsets based on a hash value of the public key; (II) assign the disjoint subsets to a plurality of sub-chains that are mined in parallel by a plurality of miners; (III) mine the parallel block followed by a mining block; and (IV) verify multiple sets of transactions associated with the parallel block using an umbrella-proof-of-work method, thereby improving scalability of the blockchain system.

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Hyderabad, India

Anurag Jain