No need to ask: Creating permissionless blockchains of metadata records

Abstract

This article will describe how permissionless metadata blockchains could be created to overcome two significant limitations in current cataloging practices: centralization and a lack of traceability. The process would start by creating public and private keys, which could be managed using digital wallet software. After creating a genesis block, nodes would submit either a new record or modifications to a single record for validation. Validation would rely on a Federated Byzantine Agreement consensus algorithm because it offers the most flexibility for institutions to select authoritative peers. Only the top tier nodes would be required to store a copy of the entire blockchain thereby allowing other institutions to decide whether they prefer to use the abridged version or the full version.