Performance evaluation of permissioned blockchains for financial applications: The ConsenSys Quorum case study

Blockchain: Research and Applications(2022)

Cited 23|Views1
No score
Abstract
Given the availability of several blockchain technologies in permissioned contexts, blockchain application designers have to cope with the increasing complexity of choosing which technology and consensus algorithm best fit a specific use case. However, the lack of a standard framework allowing to assess the scalability of permissioned blockchain platforms and to compare performances and features of consensus algorithms makes the development of a sensible evaluation a costly and difficult time-consuming problem. Throughout this article, we propose a practical scalability and applicability evaluation of the Quorum blockchain and its consensus algorithms. Although we apply our evaluation workflow to a financial use case, we define a methodology that can be generalized to any permissioned blockchain technology. We leverage Hyperledger Caliper as a benchmarking tool, and Docker as a deployment tool, making our analysis easy to be repeated, cross-platform, and cost-effective.
More
Translated text
Key words
Blockchain,Consensus,Benchmark,Quorum,Cryptocurrency
AI Read Science
Must-Reading Tree
Example
Generate MRT to find the research sequence of this paper
Chat Paper
Summary is being generated by the instructions you defined