Blockchain auditability refers to the capacity for external verification of transactions and records on a blockchain. This property ensures that all data stored on a distributed ledger is transparent, immutable, and traceable, allowing any authorized party to review its history. It enables independent assessment of financial movements, supply chain data, or other recorded events without relying on a central authority. The cryptographic links between blocks guarantee the integrity of the historical data, preventing tampering.
Context
Blockchain auditability is a central topic in regulatory discussions concerning digital assets and enterprise blockchain solutions. Regulators often assess blockchain platforms based on their ability to provide verifiable records for compliance and accountability. Future developments include standardized auditing frameworks for decentralized autonomous organizations and cross-chain transactions to enhance regulatory oversight.
A novel Attribute-Based Encryption scheme offloads decryption to the cloud, ensuring verifiable, auditable, and privacy-preserving data access on blockchain.
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