Blockchain Evaluation Approaches: State-of-the-Art and Future Perspective

The present increase of attention toward blockchain-based systems is currently reaching a tipping point with the corporate focus shifting from exploring the technology potential to creating Distributed Ledger Technology (DLT)-based systems. In light of a significant number of already existing blockc...

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Main Authors: Sergey Smetanin, Aleksandr Ometov, Mikhail Komarov, Pavel Masek, Yevgeni Koucheryavy
Format: Article
Language:English
Published: MDPI AG 2020-06-01
Series:Sensors
Subjects:
Online Access:https://www.mdpi.com/1424-8220/20/12/3358
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author Sergey Smetanin
Aleksandr Ometov
Mikhail Komarov
Pavel Masek
Yevgeni Koucheryavy
author_facet Sergey Smetanin
Aleksandr Ometov
Mikhail Komarov
Pavel Masek
Yevgeni Koucheryavy
author_sort Sergey Smetanin
collection DOAJ
description The present increase of attention toward blockchain-based systems is currently reaching a tipping point with the corporate focus shifting from exploring the technology potential to creating Distributed Ledger Technology (DLT)-based systems. In light of a significant number of already existing blockchain applications driven by the Internet of Things (IoT) evolution, the developers are still facing a lack of tools and instruments for appropriate and efficient performance evaluation and behavior observation of different blockchain architectures. This paper aims at providing a systematic review of current blockchain evaluation approaches and at identifying the corresponding utilization challenges and limitations. First, we outline the main metrics related to the blockchain evaluation. Second, we propose the blockchain modeling and analysis classification based on the critical literature review. Third, we extend the review with publicly accessible industrial tools. Next, we analyze the selected results for each of the proposed classes and outline the corresponding limitations. Finally, we identify current challenges of the blockchain analysis from the system evaluation perspective, as well as provide future perspectives.
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spelling doaj.art-d97a8f3d3c35492fa7d3555c0c8b18ac2023-11-20T03:42:44ZengMDPI AGSensors1424-82202020-06-012012335810.3390/s20123358Blockchain Evaluation Approaches: State-of-the-Art and Future PerspectiveSergey Smetanin0Aleksandr Ometov1Mikhail Komarov2Pavel Masek3Yevgeni Koucheryavy4National Research University Higher School of Economics, 101000 Moscow, RussiaTampere University, FI-33720 Tampere, FinlandNational Research University Higher School of Economics, 101000 Moscow, RussiaBrno University of Technology, 61600 Brno, Czech RepublicNational Research University Higher School of Economics, 101000 Moscow, RussiaThe present increase of attention toward blockchain-based systems is currently reaching a tipping point with the corporate focus shifting from exploring the technology potential to creating Distributed Ledger Technology (DLT)-based systems. In light of a significant number of already existing blockchain applications driven by the Internet of Things (IoT) evolution, the developers are still facing a lack of tools and instruments for appropriate and efficient performance evaluation and behavior observation of different blockchain architectures. This paper aims at providing a systematic review of current blockchain evaluation approaches and at identifying the corresponding utilization challenges and limitations. First, we outline the main metrics related to the blockchain evaluation. Second, we propose the blockchain modeling and analysis classification based on the critical literature review. Third, we extend the review with publicly accessible industrial tools. Next, we analyze the selected results for each of the proposed classes and outline the corresponding limitations. Finally, we identify current challenges of the blockchain analysis from the system evaluation perspective, as well as provide future perspectives.https://www.mdpi.com/1424-8220/20/12/3358blockchainmodelingsimulationemulationreview
spellingShingle Sergey Smetanin
Aleksandr Ometov
Mikhail Komarov
Pavel Masek
Yevgeni Koucheryavy
Blockchain Evaluation Approaches: State-of-the-Art and Future Perspective
Sensors
blockchain
modeling
simulation
emulation
review
title Blockchain Evaluation Approaches: State-of-the-Art and Future Perspective
title_full Blockchain Evaluation Approaches: State-of-the-Art and Future Perspective
title_fullStr Blockchain Evaluation Approaches: State-of-the-Art and Future Perspective
title_full_unstemmed Blockchain Evaluation Approaches: State-of-the-Art and Future Perspective
title_short Blockchain Evaluation Approaches: State-of-the-Art and Future Perspective
title_sort blockchain evaluation approaches state of the art and future perspective
topic blockchain
modeling
simulation
emulation
review
url https://www.mdpi.com/1424-8220/20/12/3358
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AT mikhailkomarov blockchainevaluationapproachesstateoftheartandfutureperspective
AT pavelmasek blockchainevaluationapproachesstateoftheartandfutureperspective
AT yevgenikoucheryavy blockchainevaluationapproachesstateoftheartandfutureperspective