Privacy-Protected Blockchain System

Abstract

The blockchain uses a decentralized consensus mechanism to maintain the books in an immutable way, which ensures the blockchain smart contract system highly secure. In existing blockchain systems, all user information is disclosed in the blockchain. However, currently users begin to pay more and more attention to personal privacy, therefore the future blockchain smart contract system needs not only to keep immutability but also to protect user privacy. To achieve this goal, in this paper we propose a privacy-encrypted blockchain system, where all data is encrypted within a controllable period of time. Although the data is visible from a historical perspective, our design can effectively protect user privacy and against deceivers, making the system more secure and healthy.