Block chain-based Database Systems by using WSM Method

Abstract

Block chain technology has surfaced as a transformative influence, revolutionizing the verification and recording of transactions across industries. In to traditional data base systems, presenting a novel approach to database management. The objective is to enhance the trust, transparency, and security of data storage and transactions. Research in this field aims to strengthen data protection, reduce the risk of unauthorized access, and prevent data tampering. By providing a transparent and auditable record of transactions, block chain enhances trust among parties. This is particularly important in industries such as finance, where the integrity of transactions is paramount. The Weighted Sum Model (WSM) stands as a straightforward and widely utilized method of multi-criteria decision-making. It operates by multiplying assigned value of each attribute by the weight of importance designated by the decision maker. Subsequently, it entails aggregating these products across all criteria to compute evaluation scores for each alternative parameters considered in this study include Bitcoin, Ethereum, Biance Smart Chain, Hyperledger Fabric, and Corda, evaluated based on criteria such as Transaction Throughput (tps), Security Level (1-10), Energy Efficiency (kWh/tx), and Initial Setup Cost (USD). the term "Weighted Sum Model (WSM)" is correctly spelled, but the term "multi-Criteria" should be "multi-criteria" for proper phrasing. It involves assigning a value to each attribute, determined by the decision maker, which is then multiplied by a specified importance weight Bitcoin, Ethereum, Binance Smart Chain, Hyperledger Fabric and Corda. Transaction Throughput (tps), Security Level (1-10) Energy, Efficiency (kWh/tx) and Initial Setup Cost (USD). the ranking for blockchain-based database systems. Binance Smart Chain) got the top rank, whereas faculty strength Bitcoin) has a low ranking.