Conference paper Open Access

Rethinking Permissioned Blockchains

Vukolic, Marko


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    <dct:title>Rethinking Permissioned Blockchains</dct:title>
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    <dcat:keyword>Blockchain</dcat:keyword>
    <dcat:keyword>Consensus</dcat:keyword>
    <dcat:keyword>Hyperledger Fabric</dcat:keyword>
    <dcat:keyword>System architecture</dcat:keyword>
    <dcat:keyword>Byzantine fault-tolerance</dcat:keyword>
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    <dct:description>&lt;p&gt;Current blockchain platforms, especially the recent permissioned systems, have architectural limitations: smart contracts run sequentially, all node executes all smart contracts, consensus protocols are hard-coded, the trust model is static and not exible, and non-determinism in smart-contract execution poses serious problems. Overcoming these limitations is critical for improving both functional properties of blockchains, such as con dentiality and consistency, as well as their non-functional properties, such as performance and scalability. We discuss these limitations in the context of permissioned blockchains, including an early version of the Hyperledger Fabric blockchain platform, and how a re-design of Hyperledger Fabric's architecture addresses them.&lt;/p&gt;</dct:description>
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