Framework for determining the suitability of blockchain: Criteria and issues to consider

Vikas Hassija; Sherali Zeadally; Ishan Jain; Aman Tahiliani; Vinay Chamola; Shashank Gupta

doi:10.1002/ett.4334

Framework for determining the suitability of blockchain: Criteria and issues to consider

Vikas Hassija, Sherali Zeadally, Ishan Jain, Aman Tahiliani, Vinay Chamola, Shashank Gupta

School of Information Science

Research output: Contribution to journal › Article › peer-review

9 Scopus citations

Abstract

Various distributed ledger technologies (DLTs), such as blockchain, have evolved significantly in recent years. These technologies provide a robust and effective solution for providing confidentiality, integrity, nonrepudiation, authentication, and transparency. While blockchain has many advantages, it has various limitations as well, such as complexity, low throughput, privacy, and so on. We discuss the issues that must be considered when deciding whether to use these technologies in a given case or not. We describe the operation of blockchain, application areas where blockchain is suitable, and those where it is not. We also discuss the applicability of other emerging DLTs, apart from blockchain technology, such as Hashgraph, Zcash, Nano coin, and IOTA.

Original language	English
Article number	e4334
Journal	Transactions on Emerging Telecommunications Technologies
Volume	32
Issue number	10
DOIs	https://doi.org/10.1002/ett.4334
State	Published - Oct 2021

Bibliographical note

Funding Information:
This work was supported by DST-SERB (Science and Engineering Research Board (SERB)) funding received by Dr. Vinay Chamola under Project Grant File no. ECR/2018/001479. We thank the anonymous reviewers for their valuable comments which helped us improve presentation and content of this article.

Funding Information:
This work was supported by DST‐SERB (Science and Engineering Research Board (SERB)) funding received by Dr. Vinay Chamola under Project Grant File no. ECR/2018/001479. We thank the anonymous reviewers for their valuable comments which helped us improve presentation and content of this article.

Publisher Copyright:
© 2021 John Wiley & Sons, Ltd.

ASJC Scopus subject areas

Electrical and Electronic Engineering

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10.1002/ett.4334

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abstract = "Various distributed ledger technologies (DLTs), such as blockchain, have evolved significantly in recent years. These technologies provide a robust and effective solution for providing confidentiality, integrity, nonrepudiation, authentication, and transparency. While blockchain has many advantages, it has various limitations as well, such as complexity, low throughput, privacy, and so on. We discuss the issues that must be considered when deciding whether to use these technologies in a given case or not. We describe the operation of blockchain, application areas where blockchain is suitable, and those where it is not. We also discuss the applicability of other emerging DLTs, apart from blockchain technology, such as Hashgraph, Zcash, Nano coin, and IOTA.",

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AU - Chamola, Vinay

AU - Gupta, Shashank

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Framework for determining the suitability of blockchain: Criteria and issues to consider

Abstract

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