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A Comparative Analysis of Distributed Ledger Technology Platforms

Chowdhury, Mohammad Jabed Morshed; Ferdous, Md. Sadek; Biswas, Kamanashis; Chowdhury, Niaz; Kayes, A. S. M.; Alazab, Mamoun and Paul, Watters (2019). A Comparative Analysis of Distributed Ledger Technology Platforms. IEEE Access, 7 pp. 167930–167943.

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DOI (Digital Object Identifier) Link: https://doi.org/10.1109/ACCESS.2019.2953729
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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).

Item Type: Journal Item
ISSN: 2169-3536
Keywords: Distributed ledger technology; blockchain; immutability; DLT platforms
Academic Unit/School: Faculty of Science, Technology, Engineering and Mathematics (STEM) > Knowledge Media Institute (KMi)
Faculty of Science, Technology, Engineering and Mathematics (STEM)
Item ID: 68271
Depositing User: Niaz Chowdhury
Date Deposited: 27 Nov 2019 10:26
Last Modified: 28 Nov 2019 16:33
URI: http://oro.open.ac.uk/id/eprint/68271
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