Interoperable Permissioned-Blockchain with Sustainable Performance

Swathi Punathumkandi, Venkatesan Meenakshi Sundaram and Prabhavathy Panneer
Additional contact information
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

Sustainability, 2021, vol. 13, issue 20, 1-12

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.

Keywords: Bitcoin; cryptocurrency; blockchain; permissioned-blockchain; sustainable; ethereum; hyperledger (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/20/11132/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/20/11132/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:20:p:11132-:d:652206

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().