Hierarchical DLT (Distributed Ledger Technology) Platform For FinTech Applications (ART/272CP) | ASTRI - Hong Kong Applied Science And Technology Research Institute Company Limited

Project Title:

Hierarchical DLT (Distributed Ledger Technology) Platform for FinTech Applications (ART/272CP)

Project Reference:

ART/272CP

Project Type:

Platform

Project Period:

28 / 03 / 2019 - 09 / 10 / 2020

Funds Approved (HK$’000):

6600

Project Coordinator:

Dr Kangheng WU

Deputy Project Coordinator:

Deliverable:

1. Platform requirement and framework design document
2. Hierarchical DLT (Distributed Ledger Technology) Platform: a. Hierarchical distributed ledger platform (endorser, orderer and committer) b. Chain router for cross-chain communication c. Distributed ledger gateway service
3. Extensible API design supporting external FinTech applications and/or modules interfaces
4. CS from Links On Road Hong Kong Technology Co., Limited a) Consortium Blockchain Platform b) Consortium Blockchain Management Back-end Service

Research Group:

Sponsor:

Hong Kong Applied Intelligent Technologies Limited (Technology License)
Links On Road Hong Kong Technology Co., Limited (Contract Service)

Description:

DLT (Distributed Ledger Technology) is built upon a series of networks of databases that allow participants to create, disseminate and store information in an efficient and secure manner. These networks of databases can operate smoothly and securely without the need for any central party or central administrator that every participant knows and trusts. Current DLT operations are designed in such a way that information stored and communicated, and every participant in the non-hierarchical network can get simultaneous access to a common view of the information. In this proposal, we aim to build a hierarchical distributed ledger platform with hierarchical consensus algorithm, cross-chain communication and DLT gateway service. The roles of a DLT node are separated into roles of Endorser, Orderer and Committer for efficient hierarchical consensus process; Chain Router empowers DLT to connect and communicate cross chains; DLT gateway service provides a friendly user interface for development. In contrast to most existing distributed ledger and blockchain platforms today, our platform advance DLT with more value in commerce adoption and vitalize traditional industries.

Co-Applicant:

Keywords:

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