Applicability and Appropriateness of Distributed Ledgers Consensus Protocols in Public and Private Sectors: A Systematic Review
Advancement of consensus protocols in recent years has enabled distributed ledger technologies (DLTs) to find its application and value in sectors beyond cryptocurrencies. Here we reviewed 66 known consensus protocols and classified them into philosophical and architectural categories, also providin...
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| Veröffentlicht in: | IEEE access 2019, Vol.7, p.43622-43636 |
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| creator | Shahaab, A. Lidgey, B. Hewage, C. Khan, I. |
| description | Advancement of consensus protocols in recent years has enabled distributed ledger technologies (DLTs) to find its application and value in sectors beyond cryptocurrencies. Here we reviewed 66 known consensus protocols and classified them into philosophical and architectural categories, also providing a visual representation. As a case study, we focus on the public sector and highlighted potential protocols. We have also listed these protocols against basic features and sector preference in a tabular format to facilitate selection. We argue that no protocol is a silver bullet, therefore should be selected carefully, considering the sector requirements and environment. |
| doi_str_mv | 10.1109/ACCESS.2019.2904181 |
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| source | IEEE Open Access Journals; DOAJ Directory of Open Access Journals; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | Blockchain Blockchain technology consensus algorithms Digital currencies distributed consensus protocols Distributed ledger distributed ledger technology distributed systems DLTs for public sector Fault tolerance Fault tolerant systems Govtech Peer-to-peer computing permissioned and permissionless blockchains Protocols Systematics |
| title | Applicability and Appropriateness of Distributed Ledgers Consensus Protocols in Public and Private Sectors: A Systematic Review |
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