A comparative analysis of distributed ledger technology platforms

Journal article


Chowdhury, M. J. M., Ferdous, M. S., Biswas, K., Chowdhury, N., Kayes, A. S. M., Alazab, M. and Watters, P.. (2019). A comparative analysis of distributed ledger technology platforms. IEEE Access. 7, pp. 167930-167943. https://doi.org/10.1109/ACCESS.2019.2953729
AuthorsChowdhury, M. J. M., Ferdous, M. S., Biswas, K., Chowdhury, N., Kayes, A. S. M., Alazab, M. and Watters, P.
Abstract

Distributed Ledger Technology (DLT) has emerged as one of the most disruptive technologies in the last decade. It promises to change the way people do their business, track their products, and manage their personal data. Though the concept of DLT was first implemented in 2009 as Bitcoin, it has gained significant attention only in the past few years. During this time, different DLT enthusiasts and commercial companies have proposed and developed several DLT platforms. These platforms are usually categorized as public vs private, general purpose vs application specific and so on. As a growing number of people are interested to build DLT applications, it is important to understand their underlying architecture and capabilities in order to determine which DLT platform should be leveraged for a specific DLT application. In addition, the platforms need to be evaluated and critically analyzed to assess their applicability, resiliency and sustainability in the long run. In this paper, we have surveyed several leading DLT platforms and evaluated their capabilities based on a number of quantitative and qualitative criteria. The comparative analysis presented in this paper will help the DLT developers and architects to choose the best platform as per their requirement(s).

Keywordsdistributed ledger technology; blockchain; immutability; DLT platforms
Year2019
JournalIEEE Access
Journal citation7, pp. 167930-167943
PublisherIEEE Xplore
ISSN2169-3536
Digital Object Identifier (DOI)https://doi.org/10.1109/ACCESS.2019.2953729
Scopus EID2-s2.0-85077741305
Open accessPublished as ‘gold’ (paid) open access
Research or scholarlyResearch
Page range167930-167943
Publisher's version
License
File Access Level
Open
Output statusPublished
Publication dates
Online15 Nov 2019
Publication process dates
Accepted30 Oct 2019
Deposited17 Dec 2021
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