Indian Institute of Technology Bombay

Sourav Das

Umesh Bellur

Nitin Awathare

Vinay Joseph Ribeiro

Accordingly, embodiment herein disclose a method for handling block chain operation in a block chain system. The method includes parallelizing, by the block chain system, a block creation along with a consensus mechanism. The block creation along with the consensus mechanism includes parallelly combining a pre-computed state of a succeeding block (at height 'k' greater than the current block, where 'k' is a positive integer parameter chosen by the system designer) with transactions in a current block to obtain state to be stored in a next succeeding block (at height &#x201c;k+1&#x201d; greater than the current block) along with running a consensus protocol to finalize transactions to include in an immediate next block (at height one greater than the current block). Further, the method includes handling, by the block chain system, the block chain operation based on parallelizing. The method can be used for scaling up computation in blockchains.

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Dhekiajuli, India

Sourav Das