A Markov decision process-based secure consensus framework for leveraging blockchain technology in IoT applications
by Nonita Sharma; Monika Mangla; Sachi Nandan Mohanty
International Journal of Electronic Business (IJEB), Vol. 17, No. 3, 2022

Abstract: In this manuscript, we propose a secure consensus framework that implements Markov decision process (MDP) for blockchain technology in IoT applications. The proposed framework presents projection for the sojourn time and stationary efficiency measures for any transaction or block. Implementing MDP provides a group of states and a collection of actions to choose from. MDP also offers instantaneous reward purpose and a probabilistic transition matrix. The proposed framework that suggests implementation of MDP in blockchain technology further escalates the security of the network. The paper demonstrates the architecture of the proposed framework.

Online publication date: Fri, 22-Jul-2022

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