Shrinking minimum feature size in deep sub-micron has made fabrication of progressively faster devices possible. The performance of interconnects has been a bottleneck in determining the overall performance of a chip. A reliable high-speed communication technique is necessary to improve the performance of on-chip communication. Recent publications have demonstrated that use of multiple threshold voltages improves the performance of a bus significantly. The multi-threshold capture mechanism takes advantage of predictable temporal behavior of a tightly coupled bus to predict the next state of the bus early. However, Use of multiple threshold voltages also reduces the voltage slack and consequently increases the susceptibility to noise. Reduction in supply voltage exacerbates the situation. This work proposes a novel error detection and correction encoding technique that takes advantage of the high performance of the multi-threshold capture mechanism as well as its inbuilt redundancy to achieve reliable high-speed communication while introducing considerably less amount of redundancy as compared to the conventional methods. The proposed technique utilizes graph-based algorithms to produce a set of valid code words. The algorithm takes advantage of implicit set operations using binary decision diagram to improve the scalability of the code word selection process. The code words of many crosstalk avoidance codes including the proposed error detection and correction technique exhibit a highly structured behavior. The sets of larger valid code words can be recursively formed using the sets of smaller valid code words. This work also presents a generalized framework for scalable on-chip code word generation. The proposed CODEC implementation strategy uses a structured graph to model the recursive nature of an encoding technique that facilitates scalable CODEC implementation. The non-enumerative nature of the implementation strategy makes it highly scalable. The modular nature of the CODEC also simplifies use of pipelined architecture thereby improving the throughput of the bus.