• School of Business
  • 15 April 2024
    314 p.
    • The introduction of blockchain technology has brought about a fundamental change in the domain of electronic transactions, providing unparalleled standards of integrity, openness, and consistency. However, a significant research gap has existed about the absence of a versatile and all-encompassing tool for assessing the performance of various blockchain protocols, particularly their Consensus Algorithms (CAs). To address this challenge, this thesis introduces a Blockchain Benchmarking Framework (BBF) that evaluates the efficacy of blockchain protocols in terms of scalability, decentralization, and security. The thesis starts with the identification of the research problem, followed by the definition of the study's aim and objectives. A systematic literature review (SLR) is undertaken to investigate the progression of blockchain technology, its primary classifications, the function of CAs, and established benchmarking approaches. The assessment emphasizes the absence of a comprehensive, flexible, and robust benchmarking tool, which served as the inspiration for the design and implementation of the proposed BBF. The proposed BBF is then described, including its essential components and design reasoning. Its purpose is to give an impartial and all-encompassing evaluation of blockchain performance, by considering a variety of crucial aspects. The researcher justifies the experimental research strategy and provides a comprehensive analysis of the data gathering and analysis procedures. The utilization of the BBF in relation to the use cases yields significant observations, while also drawing attention to the constraints and possible enhancements of the BBF itself. The Revised Blockchain Benchmarking Framework (RBBF) is developed in response to the use case results. It targets the shortcomings of the originally proposed framework and provides a more resilient and adaptable instrument for evaluating blockchain protocols. 3 In the concluding chapter of the thesis, the research findings are synthesized, the theoretical and practical consequences of the study are discussed, and prospective avenues for future research are identified.

    Assessing the Performance of Blockchain Protocols: Proposing and Validating a Blockchain Benchmarking Framework (BBF) through Controlled Deployments of XRPL and Ethereum

    1. PhD thesis
    2. english
      1. Blockchain -- Consensus Algorithms