Markov processes in blockchain systems

The KTH Visit in Semi-Markov Processes

ON THE INFINITE ORDER MARKOV PROCESSES

The notion of infinite order Markov process is introduced and the Markov property of the flow of information is established.

the kth visit in semi-markov processes

Integrable Lattice Systems and Markov Processes

Lattice systems with certain Lie algebraic or quantum Lie algebraic symmetries are constructed. These symmetric models give rise to series of integrable systems. As examples the An-symmetric chain models and the SU(2)-invariant ladder models are investigated. It is shown that corresponding to these An-symmetric chain models and SU(2)invariant ladder models there are exactly solvable stationary ...

Optimized Execution of Business Processes on Blockchain

Blockchain technology enables the execution of collaborative business processes involving untrusted parties without requiring a central authority. Speci cally, a process model comprising tasks performed by multiple parties can be coordinated via smart contracts operating on the blockchain. The consensus mechanism governing the blockchain thereby guarantees that the process model is followed by ...