Parallel Byzantine fault tolerance method for blockchain

Enterprise-focused blockchain applications that offer safe, anonymous, and immutable transactions are growing as blockchain technology matures. Traditional blockchain architecture has low performance and scalability, making it unsuitable for enterpriselevel applications with high concurrency and massive data. This paper studies and proposes a simplified Byzantine fault-tolerant (SBFT) consensus algorithm to improve consensus stage efficiency, a Task parallel smart contract model to maximise multi-core system parallel efficiency, and an improved blockchain system architecture to reflect the lightweight, low coupling nature of blockchain technology. It facilitates corporate application secondary development and the ParaChain blockchain and smart contract technology. Experimental verification compares the parallelization – based ParaChain blockchain’s TPS and scalability. PBFT-based blockchain systems have been greatly improved. © 2024 selection and editorial matter, Arvind Dagur, Karan Singh, Pawan Singh Mehra & Dhirendra Kumar Shukla; individual chapters, the contributors.