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2023 | OriginalPaper | Chapter

Factors Influencing the Selection of a Blockchain Platform for Incorporating Data Provenance into Smart Contracts

Authors : O. L. Mokalusi, R. B. Kuriakose, H. J. Vermaak

Published in: Proceedings of Seventh International Congress on Information and Communication Technology

Publisher: Springer Nature Singapore

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Abstract

A prominent application of blockchain smart contracts is in the modern manufacturing supply chain. This is mostly done to ensure data provenance. This research paper analyse the factors influencing the selection of a blockchain platform for incorporating data provenance into smart contracts. This research paper is written based on the literature study of various blockchain platforms. The current challenge that necessitated this research stems from the low performance, auction-based consensus mechanism, and high transaction fees of the blockchain platforms. Such contributing factors have negative financial implications associated with the deployment or interaction of smart contracts incorporating data provenance in the modern manufacturing supply chain. This research paper first gives details of some of the factors influencing the selection of smart contracts, then goes to compare how some of the latest blockchain technologies perform against these factors. Finally, analysis of the best possible blockchain platform for incorporating smart contracts is proposed.

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Title: Factors Influencing the Selection of a Blockchain Platform for Incorporating Data Provenance into Smart Contracts
Authors: O. L. Mokalusi
R. B. Kuriakose
H. J. Vermaak
Publisher: Springer Nature Singapore
Book: Proceedings of Seventh International Congress on Information and Communication Technology
Print ISBN: 978-981-19-2393-7

Electronic ISBN: 978-981-19-2394-4

Copyright Year: 2023
DOI: https://doi.org/10.1007/978-981-19-2394-4_47

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