A comparative analysis of Distributed Ledger Technology platforms

Mohammad Jabed Morshed Chowdhury*, Md. Sadek Ferdous, Kamanashis Biswas, Niaz Chowdhury, A. S. M. Kayes, Mamoun Alazab, Paul Watters

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

35 Citations (Scopus)

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).

Original languageEnglish
Article number8902067
Pages (from-to)167930-167943
Number of pages14
JournalIEEE Access
Volume7
DOIs
Publication statusPublished - 2019
Externally publishedYes

Bibliographical note

Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.

Keywords

  • blockchain
  • Distributed ledger technology
  • DLT platforms
  • immutability

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