A Comparative Analysis of Distributed Ledger Technologies for Smart Contract Development

Sofiane Benahmed; Ivan Pidikseev; Rasheed Hussain; Joo Young Lee; S. M.Ahsan Kazmi; Alma Oracevic; Fatima Hussain

doi:10.1109/PIMRC.2019.8904256

A Comparative Analysis of Distributed Ledger Technologies for Smart Contract Development

Sofiane Benahmed, Ivan Pidikseev, Rasheed Hussain, Joo Young Lee, S. M.Ahsan Kazmi, Alma Oracevic, Fatima Hussain

Research output: Chapter in Book/Report/Conference proceeding › Conference Contribution (Conference Proceeding)

21 Citations (Scopus)

Abstract

Development of Distributed Ledger Technology (DLT)-based applications requires an appropriate platform that meets the application requirements. However, due to the abundance of such platforms such as Ethereum, NEM, IOTA, and OpenChain, and the differences among them in terms of scalability, throughput, and features, it is not easy to select a platform for a given use-case. Selection of the right DLT platform is pivotal for the performance of applications and thus-forth directly affects consumer satisfaction. Therefore, the aforementioned factors must be taken into account to decide on a particular platform. To fill this gap, in this paper, we conduct a comparative analysis of different DLT platforms. The choice of platform is based on their popularity and current market share as well as the evolving trends and approaches. In essence, we choose Ethereum, EOS, Hyperledger Sawtooth and NEO. We compare these platforms from both development and performance perspectives. The comparison revealed that Sawtooth provides a huge customization capability that affects the performance and EOS maintains a stable throughput under varying network scales and loads.

Original language	English
Title of host publication	2019 IEEE 30th Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2019
Publisher	Institute of Electrical and Electronics Engineers (IEEE)
ISBN (Electronic)	9781538681107
DOIs	https://doi.org/10.1109/PIMRC.2019.8904256
Publication status	Published - Sept 2019
Event	30th IEEE Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2019 - Istanbul, Turkey Duration: 8 Sept 2019 → 11 Sept 2019

Publication series

Name	IEEE International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC
Volume	2019-September

Conference

Conference	30th IEEE Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2019
Country/Territory	Turkey
City	Istanbul
Period	8/09/19 → 11/09/19

Bibliographical note

Publisher Copyright:
© 2019 IEEE.

Keywords

Blockchain
Distributed Ledger Technology
EOS
Ethereum
Hyperledger
NEO
Sawtooth
Smart Contracts

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Benahmed, S., Pidikseev, I., Hussain, R., Lee, J. Y., Kazmi, S. M. A., Oracevic, A., & Hussain, F. (2019). A Comparative Analysis of Distributed Ledger Technologies for Smart Contract Development. In 2019 IEEE 30th Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2019 Article 8904256 (IEEE International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC; Vol. 2019-September). Institute of Electrical and Electronics Engineers (IEEE). https://doi.org/10.1109/PIMRC.2019.8904256

Benahmed, Sofiane ; Pidikseev, Ivan ; Hussain, Rasheed et al. / A Comparative Analysis of Distributed Ledger Technologies for Smart Contract Development. 2019 IEEE 30th Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2019. Institute of Electrical and Electronics Engineers (IEEE), 2019. (IEEE International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC).

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title = "A Comparative Analysis of Distributed Ledger Technologies for Smart Contract Development",

abstract = "Development of Distributed Ledger Technology (DLT)-based applications requires an appropriate platform that meets the application requirements. However, due to the abundance of such platforms such as Ethereum, NEM, IOTA, and OpenChain, and the differences among them in terms of scalability, throughput, and features, it is not easy to select a platform for a given use-case. Selection of the right DLT platform is pivotal for the performance of applications and thus-forth directly affects consumer satisfaction. Therefore, the aforementioned factors must be taken into account to decide on a particular platform. To fill this gap, in this paper, we conduct a comparative analysis of different DLT platforms. The choice of platform is based on their popularity and current market share as well as the evolving trends and approaches. In essence, we choose Ethereum, EOS, Hyperledger Sawtooth and NEO. We compare these platforms from both development and performance perspectives. The comparison revealed that Sawtooth provides a huge customization capability that affects the performance and EOS maintains a stable throughput under varying network scales and loads.",

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author = "Sofiane Benahmed and Ivan Pidikseev and Rasheed Hussain and Lee, {Joo Young} and Kazmi, {S. M.Ahsan} and Alma Oracevic and Fatima Hussain",

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Benahmed, S, Pidikseev, I, Hussain, R, Lee, JY, Kazmi, SMA, Oracevic, A & Hussain, F 2019, A Comparative Analysis of Distributed Ledger Technologies for Smart Contract Development. in 2019 IEEE 30th Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2019., 8904256, IEEE International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC, vol. 2019-September, Institute of Electrical and Electronics Engineers (IEEE), 30th IEEE Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2019, Istanbul, Turkey, 8/09/19. https://doi.org/10.1109/PIMRC.2019.8904256

A Comparative Analysis of Distributed Ledger Technologies for Smart Contract Development. / Benahmed, Sofiane; Pidikseev, Ivan; Hussain, Rasheed et al.
2019 IEEE 30th Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2019. Institute of Electrical and Electronics Engineers (IEEE), 2019. 8904256 (IEEE International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC; Vol. 2019-September).

Research output: Chapter in Book/Report/Conference proceeding › Conference Contribution (Conference Proceeding)

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AU - Oracevic, Alma

AU - Hussain, Fatima

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Benahmed S, Pidikseev I, Hussain R, Lee JY, Kazmi SMA, Oracevic A et al. A Comparative Analysis of Distributed Ledger Technologies for Smart Contract Development. In 2019 IEEE 30th Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2019. Institute of Electrical and Electronics Engineers (IEEE). 2019. 8904256. (IEEE International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC). doi: 10.1109/PIMRC.2019.8904256

A Comparative Analysis of Distributed Ledger Technologies for Smart Contract Development

Abstract

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Keywords

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