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Interoperable Permissioned-Blockchain with Sustainable Performance

Author

Listed:
  • Swathi Punathumkandi

    (Department of Computer Science and Engineering, National Institute of Technology Karnataka, Suratkal, Mangalore 575025, Karnataka, India)

  • Venkatesan Meenakshi Sundaram

    (Department of Computer Science and Engineering, National Institute of Technology Karnataka, Suratkal, Mangalore 575025, Karnataka, India)

  • Prabhavathy Panneer

    (School of Information Technology and Engineering, Vellore Institute of Technology, Katpadi, Vellore 632014, Tamilnadu, India)

Abstract

Bitcoin is an innovative and path-breaking technology that has influenced numerous industries across the globe. It is a form of digital currency (cryptocurrency) that can be used for trading and has the potential to replace fiat money, where the underlying infrastructure is called Blockchain. The Blockchain is an open ledger that provides decentralization, transparency, immutability, and confidentiality. Blockchain can be used in enormous applications, such as healthcare, logistics, supply chain management, the IoT, and so forth. Most of the industrial applications rely on the permissioned blockchain. However, the permissioned blockchain fails in some aspects, such as interoperability among different platforms. This paper suggests a sustainable system to solve the interoperability issue of the permissioned blockchain by designing a new infrastructure. This work has been tested in ethereum and hyperledger frameworks, which obtained a success rate of 100 percent.

Suggested Citation

  • Swathi Punathumkandi & Venkatesan Meenakshi Sundaram & Prabhavathy Panneer, 2021. "Interoperable Permissioned-Blockchain with Sustainable Performance," Sustainability, MDPI, vol. 13(20), pages 1-12, October.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:20:p:11132-:d:652206
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    References listed on IDEAS

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    1. Centobelli, Piera & Cerchione, Roberto & Esposito, Emilio & Oropallo, Eugenio, 2021. "Surfing blockchain wave, or drowning? Shaping the future of distributed ledgers and decentralized technologies," Technological Forecasting and Social Change, Elsevier, vol. 165(C).
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    1. Muzammil Hussain & Waheed Javed & Owais Hakeem & Abdullah Yousafzai & Alisha Younas & Mazhar Javed Awan & Haitham Nobanee & Azlan Mohd Zain, 2021. "Blockchain-Based IoT Devices in Supply Chain Management: A Systematic Literature Review," Sustainability, MDPI, vol. 13(24), pages 1-23, December.

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