Performance Evaluation of Blockchain Platforms
Manish Kumar Gupta, Rajendra Kumar Dwivedi, Annu Sharma, Mansoor Farooq, Britto Raj S
Abstract
Blockchain (BC) is a cryptographic technology that enables the decentralized storage of an immutable record of transactions. As a result, many industries are interested in integrating BC into their IT systems. Although BC-based platforms are used in enterprise solutions, concerns regarding accessibility, privacy, performance, and scalability are still legitimate. Permissioned Blockchain (PBC) frameworks provide a solution to securely store private records. The main objective of this paper is to focuses on the performance and scalability of popular private BC platforms. To evaluate each platform, we varied the workloads and assessed performance metrics. Our comparative analysis provides valuable insights into the strengths and weaknesses of each platform, enabling enterprises to make informed decisions when choosing a private BC solution.