Abstract
Blockchain is a distributed secure ledger that eliminates the need for centralized authority to store data. The centralized approach has several limitations as it is a Single-Point-of-Failure and a third-party might be needed. Blockchain, on the other hand, provides decentralized, secure and trustless framework that eliminates the need for a third party and enhances fault tolerance. In this paper, we investigate the potentials of customizing the behavior of Blockchain network based on the applications' requirements. In particular, we conduct several experiments to evaluate the performance of the Hyperledger Fabric (HLF) – a permissioned blockchain framework. Seven different scenarios were tested to depict the Blockchain behavior in terms of end-to-end transaction latency and network throughput. Moreover, in these scenarios, the impact of different parameters, such as the batch-timeout, batch size, and number of endorsing peers, has been studied.
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