A major Chinese university is offering blockchain technology as a better way of managing web domain names.
According to a patent application published by the Patent and Trademark Office on Thursday, the Shenzhen Graduate School at Peking University is investigating how “Consortium Blockchain” can improve safety and efficiency in the management of high-level domains (TLDs).
Currently the standard Internet domain name system is already based on a distributed system, the team is “technical problems”, while the team logic.
Since Blockchain shares the “invention” data with “public and irreversible”, it states, “Trustworthy agencies and even people can access information on blockchain and top-level and sub-domain can create related seed file databases to store intermediate mapping relationships.”
Consequently, to ensure the speed of internet access without limiting all areas to other real institutions, “domain name servers can set up according to the requirements of their real-world needs”.
The proposed system also separates the domain name system into two layers, each sub-domain name relates to the system, it is turned on. The sub-domain system is designed by the holder of the TLD. “Therefore,” Filing states, “the sub-domain name system can be designed as a centralized system or decentralized system according to the of institutions.”
An added advantage is that, on the basis of a system of distributed nodes, a “consortium or small group” can control the entire process. While cryptocurrencies are potentially called 51 percent attack (in which an entity that controls more than half of the network, can rewrite the transaction in their favor), only “trustworthy” nodes mean the proof-of-work mechanism by which miners secure a network “is not required,” the filing says.
The team advances the system as “fully compatible with the current internet”. Whereas “more concise and efficient consensus mechanism” brings safety and reliability, and a layered structure “ensures the efficiency and portability of the system.”