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A comparative analysis of distributed ledger technology platforms

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Title: A comparative analysis of distributed ledger technology platforms
Authors: Chowdhury, MJM
Ferdous, MDS
Biswas, K
Chowdhury, N
Kayes, ASM
Alazab, M
Watters, P
Item Type: Journal Article
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).
Issue Date: 15-Nov-2019
Date of Acceptance: 30-Oct-2019
URI: http://hdl.handle.net/10044/1/77540
DOI: 10.1109/access.2019.2953729
ISSN: 2169-3536
Publisher: Institute of Electrical and Electronics Engineers (IEEE)
Start Page: 167930
End Page: 167943
Journal / Book Title: IEEE Access
Volume: 7
Copyright Statement: This work is licensed under a Creative Commons Attribution 4.0 License. For more information, see http://creativecommons.org/licenses/by/4.0/
Keywords: 08 Information and Computing Sciences
09 Engineering
10 Technology
Publication Status: Published
Online Publication Date: 2019-11-15
Appears in Collections:Imperial College Business School