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Evaluating Suitability of Applying Blockchain

Authors: Sin Kuang Lo; Xiwei Xu 0001; Yin Kia Chiam; Qinghua Lu 0001;

Evaluating Suitability of Applying Blockchain

Abstract

Blockchain is an emerging technology for decentralized and transactional data sharing across a large network of untrusted participants. It enables new forms of distributed software architectures, where agreement on shared states can be established without trusting a central integration point. As a database and computational platform, blockchain has both advantages and disadvantages compared with conventional techniques. Blockchain may be an appropriate choice for some use cases while conventional technologies will be more appropriate for other use cases. A major difficulty for practitioners to decide whether or not to use blockchain is that limited product data or reliable technology evaluation available to assess the suitability of blockchains. In this paper, we propose an evaluation framework that comprises a list of criteria and a typical process for practitioners to assess the suitability of applying blockchain using these criteria based on the characteristics of the use cases. We then use several existing industrial trails to evaluate the feasibility of our framework.

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    selected citations
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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    93
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 1%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
93
Top 1%
Top 10%
Top 10%
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