Emergent Mind

Abstract

In this work, we propose a privacy-preservation framework, TradeChain, which decouples the trade events of participants using decentralised identities. TradeChain adopts the Self-Sovereign Identity (SSI) principles and makes the following novel contributions: a) it incorporates two separate ledgers: a public permissioned blockchain for maintaining identities and the permissioned blockchain for recording trade flows, b) it uses Zero Knowledge Proofs (ZKPs) on traders' private credentials to prove multiple identities on trade ledger and c) allows data owners to define dynamic access rules for verifying traceability information from the trade ledger using access tokens and Ciphertext Policy Attribute-Based Encryption (CP-ABE). A proof of concept implementation of TradeChain is presented on Hyperledger Indy and Fabric and an extensive evaluation of execution time, latency and throughput reveals minimal overheads.

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