A Novel Blockchain-Based Information Management Framework for Web 3.0

Hassan, MA; Nguyen, CT; Nguyen, CH; Hoang, DT; Nguyen, DN; Dutkiewicz, E

A Novel Blockchain-Based Information Management Framework for Web 3.0

Hassan, MA Nguyen, CT Nguyen, CH Hoang, DT Nguyen, DN Dutkiewicz, E

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Publisher:: Institute of Electrical and Electronics Engineers (IEEE)
Publication Type:: Conference Proceeding
Citation:: Proceedings - IEEE Global Communications Conference, GLOBECOM, 2024, 00, pp. 3655-3660
Issue Date:: 2024-01-01

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Field	Value	Language
dc.contributor.author	Hassan, MA
dc.contributor.author	Nguyen, CT
dc.contributor.author	Nguyen, CH
dc.contributor.author	Hoang, DT
dc.contributor.author	Nguyen, DN
dc.contributor.author	Dutkiewicz, E
dc.date	2024-12-08
dc.date.accessioned	2025-05-08T04:51:09Z
dc.date.available	2025-05-08T04:51:09Z
dc.date.issued	2024-01-01
dc.identifier.citation	Proceedings - IEEE Global Communications Conference, GLOBECOM, 2024, 00, pp. 3655-3660
dc.identifier.issn	2334-0983
dc.identifier.issn	2576-6813
dc.identifier.uri	http://hdl.handle.net/10453/187269
dc.description.abstract	Web 3.0 is the third generation of the World Wide Web (WWW), concentrating on the critical concepts of decentralization, availability, and increasing client usability. Although Web 3.0 is undoubtedly an essential component of the future Internet, it currently faces critical challenges, including decentralized data collection and management. To overcome these challenges, blockchain has emerged as one of the core technologies for the future development of Web 3.0. In this paper, we propose a novel blockchain-based information management framework, namely Smart Blockchain-based Web (SBW), to manage information in Web 3.0 effectively, enhance the security and privacy of users' data, bring additional profits, and incentivize users to contribute information to the websites. Particularly, SBW utilizes blockchain technology and smart contracts to manage the decentralized data collection process for Web 3.0 effectively. Moreover, in this framework, we develop an effective consensus mechanism based on Proof-of-Stake (PoS) to reward the user's information contribution and conduct game theoretical analysis to analyze the user's behavior in the considered system. Additionally, we conduct simulations to assess the performance of SBW and investigate the impact of critical parameters on information contribution. The findings confirm our theoretical analysis and demonstrate that our proposed consensus mechanism can incentivize the nodes and users to contribute more information to our systems.
dc.language	en
dc.publisher	Institute of Electrical and Electronics Engineers (IEEE)
dc.relation.ispartof	Proceedings - IEEE Global Communications Conference, GLOBECOM
dc.relation.ispartof	GLOBECOM 2024 - 2024 IEEE Global Communications Conference
dc.relation.isbasedon	10.1109/GLOBECOM52923.2024.10901512
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	A Novel Blockchain-Based Information Management Framework for Web 3.0
dc.type	Conference Proceeding
utslib.citation.volume	00
pubs.organisational-group	University of Technology Sydney
pubs.organisational-group	University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	University of Technology Sydney/UTS Groups
pubs.organisational-group	University of Technology Sydney/UTS Groups/Global Big Data Technologies Centre (GBDTC)
pubs.organisational-group	University of Technology Sydney/UTS Groups/Centre for Cyber Security and Privacy (CCSP)
utslib.copyright.status	closed_access	*
dc.date.updated	2025-05-08T04:51:06Z
pubs.finish-date	2024-12-12
pubs.publication-status	Published
pubs.start-date	2024-12-08
pubs.volume	00

Abstract:

Web 3.0 is the third generation of the World Wide Web (WWW), concentrating on the critical concepts of decentralization, availability, and increasing client usability. Although Web 3.0 is undoubtedly an essential component of the future Internet, it currently faces critical challenges, including decentralized data collection and management. To overcome these challenges, blockchain has emerged as one of the core technologies for the future development of Web 3.0. In this paper, we propose a novel blockchain-based information management framework, namely Smart Blockchain-based Web (SBW), to manage information in Web 3.0 effectively, enhance the security and privacy of users' data, bring additional profits, and incentivize users to contribute information to the websites. Particularly, SBW utilizes blockchain technology and smart contracts to manage the decentralized data collection process for Web 3.0 effectively. Moreover, in this framework, we develop an effective consensus mechanism based on Proof-of-Stake (PoS) to reward the user's information contribution and conduct game theoretical analysis to analyze the user's behavior in the considered system. Additionally, we conduct simulations to assess the performance of SBW and investigate the impact of critical parameters on information contribution. The findings confirm our theoretical analysis and demonstrate that our proposed consensus mechanism can incentivize the nodes and users to contribute more information to our systems.

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http://hdl.handle.net/10453/187269