2020
DOI: 10.3390/s20123358
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Blockchain Evaluation Approaches: State-of-the-Art and Future Perspective

Abstract: The present increase of attention toward blockchain-based systems is currently reaching a tipping point with the corporate focus shifting from exploring the technology potential to creating Distributed Ledger Technology (DLT)-based systems. In light of a significant number of already existing blockchain applications driven by the Internet of Things (IoT) evolution, the developers are still facing a lack of tools and instruments for appropriate and efficient performance evaluation and behavior observation of di… Show more

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Cited by 75 publications
(45 citation statements)
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“…However, compared to traditional centralized solutions, blockchain's decentralized nature limits its performance [8], and this becomes a significant constraint on applying blockchain in production more broadly [9]. Moreover, blind development of blockchain-based systems without initial performance evaluation may have an immense negative impact during the actual deployment stage [10]. Therefore, performance evaluation is a crucial topic for blockchain and all distributed ledger technologies (DLTs).…”
Section: Introductionmentioning
confidence: 99%
“…However, compared to traditional centralized solutions, blockchain's decentralized nature limits its performance [8], and this becomes a significant constraint on applying blockchain in production more broadly [9]. Moreover, blind development of blockchain-based systems without initial performance evaluation may have an immense negative impact during the actual deployment stage [10]. Therefore, performance evaluation is a crucial topic for blockchain and all distributed ledger technologies (DLTs).…”
Section: Introductionmentioning
confidence: 99%
“…To observe the overall situation of the dynamic performance of each public blockchain project, we calculated the geometric mean of the monthly indicators of each blockchain, as shown in Table 5. For a more detailed analysis, we divided the 24 periods into four stages (May 2018 to November 2018, November 2018 to May 2019, May 2019 to November 2019, November 2019 to April 2020), as shown in table 6.…”
Section: B Analyses From the Modified Gm Indexmentioning
confidence: 99%
“…Dinh et al pointed out that the blockchain is maintained by a group of nodes that do not fully trust each other, which is a shared digital ledger [5]. Smetanin et al provided a systematic review of current blockchain evaluation approaches [6]. Previous studies on blockchain evaluation include both analytical and simulation-based approaches.…”
Section: Introductionmentioning
confidence: 99%
“…In current studies, pre-selected consensus nodes are normally assumed to be trusted in order to authorise the data access and to transport users’ private data in a consensus network [ 11 ]. However, one important issue that has not been considered is that users’ private data can be utilised by the pre-selected nodes in the consensus network during authorisation, since these nodes may be manipulated by the attacker to be untrusted (malicious).…”
Section: Introductionmentioning
confidence: 99%