BHDA - A Blockchain-Based Hierarchical Data Access Model for Financial Services
Zhiyu Xu, Lin Yang, Ziyuan Wang, Sheng Wen, Rob Hanson, Shiping Chen, Yang Xiang · 2020
Blockchain brings opportunities and challenges for financial data sharing services. The essential properties in a distributed multi-parties system are data access control and privacy control. This paper proposes a hierarchical data access model for financial services, which contains consent management and dynamic credits management. We implement fine-grained data access control through rating accredited data recipients (ADRs). By accessing corresponding blockchain service logs, ADRs' credits will dynamically be updated. The credits evaluation algorithm is responsible for calculating ADRs' credits based on their completion rate, business ethics rate, and feedback positive rate. Moreover, through applying smart contracts, the efficiency of consent management can be improved, and privacy policies can be managed elastically. Finally, we deploy smart contracts on the Ethereum Rinkeby testnet to evaluate the model feasibility. Furthermore, the theoretical analysis and experimental results indicate that the prototype is secure and efficient.