Abstract

CarBloc is a revolutionary blockchain-based platform built with the Cosmos SDK, designed to decentralize, secure, and bring transparency to car auctions. It utilizes Cosmos SDK's Interchain Security to provide a robust security layer. This whitepaper elucidates the system's design and implementation.

System Overview

CarBloc integrates auction creation, bid management, and auction termination into a comprehensive AuctionBid module. Leveraging the Cosmos SDK and its Interchain Security ensures signed and validated transactions, making the platform secure, efficient, and interoperable with other blockchains.

Interchain Security

Interchain Security is a feature provided by Cosmos SDK that allows shared security among different blockchains. By utilizing Interchain Security, CarBloc can secure transactions and maintain the integrity of the data, even when dealing with other chains in the Cosmos ecosystem.

Interchain Security also allows CarBloc to take advantage of the security of other established Cosmos chains, making it less susceptible to attacks. It forms a security layer that verifies all cross-chain transactions, ensuring they are authentic and validated, providing an additional level of security and reliability to the CarBloc platform.