EntrapNet: a Blockchain-Based Verification Protocol for Trustless Computing

Abstract: In this paper, we propose a blockchain-based computing verification protocol, called EntrapNet, for distributed shared computing networks, an emerging underlying network for many internet of things (IoT) applications. EntrapNet borrows the idea from the practice of entrapment in criminal law to reduce the possibility of receiving incorrect computing results from trustless service providers who have offered the computing resources. Furthermore, we mathematically optimize EntrapNet to deal with the fundamental tradeoff of a network: security and efficiency. We present an asymptotic optimal solution to this optimization. It will be seen that EntrapNet can be performed as an independent and low-cost layer atop any trustless network that requires outsourced computing, thus making secure computing affordable and practical.