A major Chinese university is proposing blockchain technology as a better way to manage web domains. According to a patent application published Thursday by the U.S. Patent and Trademark Office. The Shenzhen Graduate School at Peking University is examining how a “consortium blockchain” can improve security and efficiency in managing top-level domains.
The currently standard internet domain name system is already based on a distributed system. But there are “technical problems,” the team contends. For example, the current distribution of root name servers is unevenly around the world. As a result, the filing states:
As the blockchain “invention” shares data in a “public and immutable way,” it says, “trusted agencies and even individuals can access information on blockchain and build a corresponding seed file database to store the mapping relations between the top-level and sub-domain name system.”
Advantages Over The Current System :
As a result, all regions can set up domain name servers according to their real-world needs. This would stop the network from being limited by other institutions and ensure the speed of internet access. The proposed system also separates the domain name system into two layers. Where each layer corresponds to a sub-domain name system. The holder of the TLD decides the design of the sub-domain system. “Therefore, the sub-domain name system can be designed as either a centralized system or decentralized system according to the institutions’ wishes.
An additional claimed advantage is that, no “consortium or small group” can control the entire process. Cryptocurrencies are potentially prone to a 51 percent attack. In which, an entity that controls more than half of the network can rewrite transactions in their favor. This only allows “trusted” nodes to bypass the proof-of-work mechanism by which miners secure a network.
The team further touts the system as completely compatible with the existing internet. A more concise and efficient consensus mechanism would bring security and reliability. And a layered structure ensures the efficiency and portability of the system.