Consensus
Instead of relying on energy-intensive mining, Wireshape empowers pre-approved validators, chosen for their expertise and reputation. These trusted entities act as guardians, meticulously verifying every interaction on the network. This guarantees the accuracy of product data, flawless traceability throughout the supply chain, and reliable oracle feeds. By eliminating opportunities for data manipulation, PoA upholds the network's unwavering trust and transparency.
Collaborative Consensus through IBFT
Wireshape utilizes a sophisticated Istanbul Byzantine Fault Tolerance (IBFT)-based protocol. This collaborative approach empowers validators to reach agreement on the network's state, including product data provenance, supply chain movements, and oracle-supplied information. This consensus-driven decision-making ensures consistent and accurate data, safeguarding against malicious actors and upholding the network's integrity.
Efficiency without Compromise
Compared to computationally intensive consensus mechanisms, PoA offers significantly faster transactions. Validators, approved based on their identity and reputation, are incentivized to uphold the network's integrity, as their identity is directly linked to their actions. This system fosters collaboration and reduces the risk of negative actors manipulating the network.
Key Advantages of PoA
Faster transactions: Enjoy near-instantaneous transactions compared to energy-intensive PoW alternatives.
Enhanced security: Pre-approved validators and a collaborative consensus mechanism minimize security risks.
Sustainability: Lower energy consumption translates to a more environmentally friendly protocol.
Scalability: PoA allows for faster block processing, enabling the network to handle high transaction volumes effectively.
Open and Transparent: Like the spirit of blockchain itself, Wireshape embraces openness and transparency. The core PoA mechanism and its implementation details are readily available for public scrutiny and understanding.
By combining the strengths of Ethereum technology with a unique PoA consensus mechanism, Wireshape offers a powerful and efficient platform for building trust, transparency, and sustainability across the global supply chain.