(ICBC 2020) ACCTP: Cross Chain Transaction Platform for High-Value Assets

Abstract: Recently, with the development of blockchain technology, people not only regard blockchain as a tradable cryptocurrency but also pay attention to other areas where blockchain technology can be applied, such as high-value assets (art, diamonds, etc.). Through the study of some existing blockchain-based platforms for high-value assets, we find that the blockchain ecosystem in this emerging industry presents a state of blooming but isolated from each other. In view of the problem, we discuss some projects based on cross-chain technology and believe that using cross-chain technology is one of the best solutions. Therefore, we propose the ACCTP (Asset Cross Chain Transaction Platform) model to connect different blockchain-based transaction platforms. The model is divided into three cross-chain service layers, called C2IE, C2AE, and C2TS, which are designed to implement the functions of information exchange, asset exchange and transaction exchange respectively.

Authors: Minfeng Qi, Ziyuan Wang, Donghai Liu and Yang Xiang (Swinburne University of Technology, Australia); Butian Huang (Hangzhou Yunphant Network Technology Co. Ltd, China); Feng Zhou (Vnet Foundation, China)

Email: minfengqi@swin.edu.au, ziyuanwang@swin.edu.au, donghailiu@swin.edu.au, yxiang@swin.edu.au, hbt@yunphant.com, zhoufeng@vntchain.io