WSEAS Transactions on Systems and Control
Print ISSN: 1991-8763, E-ISSN: 2224-2856
Volume 16, 2021
Statistical Assessment of Hybrid Blockchain for SME Sector
Authors: ,
Abstract: Blockchain innovation with its property of immutable data isn't just limited to digital
cryptographic forms of money yet in addition for various domains like healthcare, logistics, rentals,
entertainment, social media and so on. Ventures are investigating this innovation to adopt in main line
of business, which will give certainty on security ceasing data breach. This research paper has built up
a hybrid blockchain framework which can be utilized on premise or over the cloud or a combination
of both and can be utilized by various departments for protecting transactions in small and medium
scale businesses with an uprightness of high security, transparency, remote devices, accessibility and
cost adequacy. This created framework compares with the traditional approach model on some
significant factors for statistical assessment. The analysis discovers how this hybrid blockchain
framework is more productive and secured than the client server approach model and aims to be
utilized as platform as a service both in local or hybrid cloud infrastructure.
Search Articles
Keywords: Blockchain, hashing, decentralization, peer to peer, private blockchain, cloud
blockchain, Network Security
Pages: 83-95
DOI: 10.37394/23203.2021.16.6