Blockchain enhances transparency, transaction speed, and governance reliability for organizations such as manufacturing and supply chain organizations by operating in decentralized environments. Supply chain traceability involves tracking products from their origin to customers, requiring transparency, authenticity, and high efficiency. This paper tries to address the performance gain and challenges in blockchain-based supply chain by making efficient use of on-prem and cloud environments in the blockchain network. As the volume of data being generated in blockchain network continues to grow, data security and performance become increasingly critical. Many existing big data security systems rely on controlled third-party providers, making them vulnerable to various security risks. Blockchain technology offers a promising solution by addressing key challenges such as scalability, immutability, trust, data governance, and transparency, thereby enhancing the protection of personal information. This work focuses on assessment of blockchain processing performance through on-prem, distributed, and decentralized environments and possibility of blockchain nodes to have intelligence, optimized processing capabilities by gaining appropriate infrastructure. We analyze the key challenges of blockchain when execution happens in a standalone system than in scalable ones. We tested a few popular mining processes on cloud platforms and a local system to assess execution speed and discuss a suitable platform to host blockchain.

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Blockchain Node Intelligence Based on Decentralized Framework

  • Shyam Kumar Sinha,
  • Debarka Mukhopadhyay

摘要

Blockchain enhances transparency, transaction speed, and governance reliability for organizations such as manufacturing and supply chain organizations by operating in decentralized environments. Supply chain traceability involves tracking products from their origin to customers, requiring transparency, authenticity, and high efficiency. This paper tries to address the performance gain and challenges in blockchain-based supply chain by making efficient use of on-prem and cloud environments in the blockchain network. As the volume of data being generated in blockchain network continues to grow, data security and performance become increasingly critical. Many existing big data security systems rely on controlled third-party providers, making them vulnerable to various security risks. Blockchain technology offers a promising solution by addressing key challenges such as scalability, immutability, trust, data governance, and transparency, thereby enhancing the protection of personal information. This work focuses on assessment of blockchain processing performance through on-prem, distributed, and decentralized environments and possibility of blockchain nodes to have intelligence, optimized processing capabilities by gaining appropriate infrastructure. We analyze the key challenges of blockchain when execution happens in a standalone system than in scalable ones. We tested a few popular mining processes on cloud platforms and a local system to assess execution speed and discuss a suitable platform to host blockchain.