BLOCKCHAIN AND DECENTRALIZED SECURITY: ADVANCEMENTS IN SMART CONTRACT SECURITY AND DECENTRALIZED IDENTITY
Keywords:
Blockchain, Smart Contract Security, Decentralized Identity, Formal Verification, Zero-Knowledge ProofsAbstract
This article provides a comprehensive overview of two critical areas in blockchain technology: smart contract security and decentralized identity. It explores the current state, challenges, and future directions of these fields, which are crucial for the widespread adoption and security of blockchain systems. The article examines common vulnerabilities in smart contracts, current research directions in formal verification and automated vulnerability detection, and secure design patterns. It also delves into the concept of decentralized identity, discussing key components such as Decentralized Identifiers (DIDs) and Verifiable Credentials, along with their benefits and challenges. The research directions in zero-knowledge proofs, interoperability protocols, and quantum-resistant cryptography for decentralized identity are also explored. By addressing these areas, the paper aims to contribute to the ongoing efforts to enhance the security, privacy, and user control in blockchain-based systems.
References
S. Nakamoto, "Bitcoin: A Peer-to-Peer Electronic Cash System," 2008. [Online]. Available: https://bitcoin.org/bitcoin.pdf
M. Swan, "Blockchain: Blueprint for a New Economy," O'Reilly Media, Inc., 2015. [Online]. Available: https://www.oreilly.com/library/view/blockchain/9781491920480/
Grand View Research, "Blockchain Technology Market Size, Share & Trends Analysis Report By Type, By Component, By Application, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2021 - 2028," 2021. [Online]. Available: https://www.grandviewresearch.com/industry-analysis/blockchain-technology-market
N. Atzei, M. Bartoletti, and T. Cimoli, "A Survey of Attacks on Ethereum Smart Contracts (SoK)," in Principles of Security and Trust, 2017, pp. 164-186. [Online]. Available: https://eprint.iacr.org/2016/1007.pdf
N. Szabo, "Smart Contracts: Building Blocks for Digital Markets," 1996. [Online]. Available: http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/smart_contracts_2.html
ChainSecurity, "Smart Contract Security in 2020," 2021. [Online]. Available: Smart Contract Security: A Practitioners' Perspective | IEEE Conference Publication | IEEE Xplore
P. Daian, "Analysis of the DAO exploit," 2016. [Online]. Available: http://hackingdistributed.com/2016/06/18/analysis-of-the-dao-exploit/
L. Luu, D. H. Chu, H. Olickel, P. Saxena, and A. Hobor, "Making Smart Contracts Smarter," in Proceedings of the 2016 ACM SIGSAC Conference on Computer and Communications Security, 2016, pp. 254–269. [Online]. Available: Making Smart Contracts Smarter | IEEE Conference Publication | IEEE Xplore
A. Preukschat and D. Reed, "Self-Sovereign Identity: Decentralized digital identity and verifiable credentials," Manning Publications, 2021. [Online]. Available: https://en.wikipedia.org/wiki/Self-sovereign identity - Wikipedia
W3C, "Decentralized Identifiers (DIDs) v1.0," [Online]. Available: https://www.w3.org/TR/did-core/
W3C, "Verifiable Credentials Data Model v1.1," [Online]. Available: https://www.w3.org/TR/vc-data-model/
Iden3, "Iden3: Decentralized identity management solution," [Online]. Available: https://iden3.io/
National Institute of Standards and Technology, "Post-Quantum Cryptography," [Online]. Available: https://csrc.nist.gov/projects/post-quantum-cryptography
