Performance Analysis of Hyperledger Fabric based Blockchain for Traceability in Food Supply Chain

Srivastava, Ayushi; Desai, Yash

doi:10.1109/temsmet53515.2021.9768702

Cited by 4 publications

(2 citation statements)

References 13 publications

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“…Their study indicates that blockchain technology can provide businesses with a competitive advantage in terms of implementation costs, technology needs, human resources, legal environments, volatile costs, and security. Srivastava and Desai (2021) focused on the performance analysis of Hyperledger Fabric, a blockchain platform, in the context of food supply chain traceability. Their findings suggest that blockchain technology can support a wide range of transactions with minimal latency, indicating its potential to enhance the efficiency and responsiveness of supply chain operations.…”

Section: Comparative Performance Analysis: Blockchain Vs Non-blockcha...mentioning

confidence: 99%

Blockchain in Supply Chain Management: A Systematic Review: Evaluating the Implementation, Challenges, and Future Prospects of Blockchain Technology in Supply Chains

Osato Itohan Oriekhoe,

Ganiyu Bolawale Omotoye,

Oluwaseun Peter Oyeyemi

et al. 2024

Eng. sci. technol. j.

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This study presents a comprehensive analysis of the implementation, challenges, and future prospects of blockchain technology in supply chain management (SCM). Amidst the evolving landscape of global supply chains, the integration of blockchain technology has emerged as a pivotal innovation, offering transformative potential in enhancing transparency, efficiency, and security. The advent of blockchain technology has revolutionized traditional supply chain systems, introducing new paradigms of operation and management. This study explores the historical evolution of SCM systems and the comparative effectiveness of blockchain-based models against traditional systems. The primary aim is to systematically review and synthesize current research on blockchain in SCM, focusing on its implementation, inherent challenges, and future development prospects. The paper delves into various aspects of blockchain in SCM, including its current state of implementation across industries, the challenges and solutions in adoption, comparative performance analysis with non-blockchain systems, emerging trends, stakeholder perspectives, and geographical variations in adoption. Strategic implications for businesses, pathways for effective implementation, and policy recommendations are also thoroughly examined.The study identifies blockchain's significant impact on enhancing supply chain transparency and efficiency. Key challenges include technological barriers, regulatory uncertainties, and the need for stakeholder collaboration. The research highlights the strategic advantage of blockchain in supply chains, particularly in terms of cost reduction, operational effectiveness, and environmental sustainability. The study concludes with a call for a multi-faceted approach to blockchain integration in SCM, emphasizing collaborative efforts, educational advancements, infrastructural support, and policy development. Recommendations are geared towards leveraging blockchain's potential for competitive advantage and sustainable supply chain practices. Keywords: Blockchain, Supply Chain Management, Technology Adoption, Strategic Implications, Innovation, Sustainability.

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Section: Comparative Performance Analysis: Blockchain Vs Non-blockcha...mentioning

confidence: 99%

Blockchain in Supply Chain Management: A Systematic Review: Evaluating the Implementation, Challenges, and Future Prospects of Blockchain Technology in Supply Chains

Osato Itohan Oriekhoe,

Ganiyu Bolawale Omotoye,

Oluwaseun Peter Oyeyemi

et al. 2024

Eng. sci. technol. j.

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show abstract

“…The number of nodes/clients in the private test networks was chosen to be 4, 8, and 16, allowing us to extrapolate the scaling effects to node values beyond the tested scenarios. Furthermore, this enables direct comparability to previous performance evaluations [10,11,55,56]. For each individual test network, the block times were set to one second.…”

Section: Dlt Network Parametersmentioning

confidence: 99%

Performance Comparison of Directed Acyclic Graph-Based Distributed Ledgers and Blockchain Platforms

Kahmann,

Honecker,

Dreyer

et al. 2023

Computers

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Since the introduction of the first cryptocurrency, Bitcoin, in 2008, the gain in popularity of distributed ledger technologies (DLTs) has led to an increasing demand and, consequently, a larger number of network participants in general. Scaling blockchain-based solutions to cope with several thousand transactions per second or with a growing number of nodes has always been a desirable goal for most developers. Enabling these performance metrics can lead to further acceptance of DLTs and even faster systems in general. With the introduction of directed acyclic graphs (DAGs) as the underlying data structure to store the transactions within the distributed ledger, major performance gains have been achieved. In this article, we review the most prominent directed acyclic graph platforms and evaluate their key performance indicators in terms of transaction throughput and network latency. The evaluation aims to show whether the theoretically improved scalability of DAGs also applies in practice. For this, we set up multiple test networks for each DAG and blockchain framework and conducted broad performance measurements to have a mutual basis for comparison between the different solutions. Using the transactions per second numbers of each technology, we created a side-by-side evaluation that allows for a direct scalability estimation of the systems. Our findings support the fact that, due to their internal, more parallelly oriented data structure, DAG-based solutions offer significantly higher transaction throughput in comparison to blockchain-based platforms. Although, due to their relatively early maturity state, fully DAG-based platforms need to further evolve in their feature set to reach the same level of programmability and spread as modern blockchain platforms. With our findings at hand, developers of modern digital storage systems are able to reasonably determine whether to use a DAG-based distributed ledger technology solution in their production environment, i.e., replacing a database system with a DAG platform. Furthermore, we provide two real-world application scenarios, one being smart grid communication and the other originating from trusted supply chain management, that benefit from the introduction of DAG-based technologies.

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Secure electronic medical records sharing scheme based on blockchain and quantum key

Zhu,

Sun,

et al. 2023

Cluster Comput

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Performance Analysis of Hyperledger Fabric based Blockchain for Traceability in Food Supply Chain

Cited by 4 publications

References 13 publications

Blockchain in Supply Chain Management: A Systematic Review: Evaluating the Implementation, Challenges, and Future Prospects of Blockchain Technology in Supply Chains

Blockchain in Supply Chain Management: A Systematic Review: Evaluating the Implementation, Challenges, and Future Prospects of Blockchain Technology in Supply Chains

Performance Comparison of Directed Acyclic Graph-Based Distributed Ledgers and Blockchain Platforms

Secure electronic medical records sharing scheme based on blockchain and quantum key

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