TY - JOUR
T1 - Framework for determining the suitability of blockchain
T2 - Criteria and issues to consider
AU - Hassija, Vikas
AU - Zeadally, Sherali
AU - Jain, Ishan
AU - Tahiliani, Aman
AU - Chamola, Vinay
AU - Gupta, Shashank
N1 - Publisher Copyright:
© 2021 John Wiley & Sons, Ltd.
PY - 2021/10
Y1 - 2021/10
N2 - 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.
AB - 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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U2 - 10.1002/ett.4334
DO - 10.1002/ett.4334
M3 - Article
AN - SCOPUS:85111879518
SN - 2161-5748
VL - 32
JO - Transactions on Emerging Telecommunications Technologies
JF - Transactions on Emerging Telecommunications Technologies
IS - 10
M1 - e4334
ER -