Requirement Analyses and Evaluations of Blockchain Platforms per Possible Use Cases

TL;DR

This paper provides a comprehensive analysis and comparison of various blockchain platforms, categorizing use cases and evaluating platforms based on functional, performance, operational, and legal requirements to guide application development.

Contribution

It introduces a generic blockchain model, design patterns for classification, and a systematic evaluation framework for multiple blockchain platforms.

Findings

Categorized blockchain use cases by application structure

Evaluated platforms like Hyperledger, Ethereum, Polkadot, Corda, and BBc-1

Provided insights into platform suitability for different requirements

Abstract

It is said that blockchain will contribute to the digital transformation of society in a wide range of ways, from the management of public and private documents to the traceability in various industries, as well as digital currencies. A number of so-called blockchain platforms have been developed, and experiments and applications have been carried out on them. But are these platforms really conducive to practical use of the blockchain concept? To answer the question, we need to better understand what the technology called blockchain really is. We need to sort out the confusion we see in understanding what blockchain was invented for and what it means. We also need to clarify the structure of its applications. This document provides a generic model of understanding blockchain and its applications. We introduce design patterns to classify the platforms. We categorize possible use cases by identifying the structure among applications, and organize the functional, performance, operational and legal requirements for each such case. Based on the categorization and criteria, we evaluated and compared the following platforms: Hyperledger Fabric, Hyperledger Iroha, Hyperledger Indy, Ethereum, Quorum/Hyperledger Besu, Ethereum 2.0, Polkadot, Corda and BBc-1. We have tried to be fair in our evaluations and comparisons, but we also expect to provoke discussion. The intended readers for this document is anyone involved in development of application systems who wants to understand blockchain and their platforms, including non-engineers and non-technologists. The assessments in this document will allow readers to understand the technological requirements for the blockchain platforms, to question existing technologies, and to choose the appropriate platforms for the applications they envision. The comparisons hopefully will also be useful as a guide for designing new technologies.