Comparative Analysis of Eight Different Blockchain Technology Schemes and Their Implementations

Abstract

Blockchain is a digital ledger that allows a transparent links of increasing record which are connected together with the means of cryptographic algorithms. Blockchain technology has attracted more speculations in various sectors recently, due to its ability of decentralised, robust and secure data exchange amongst various application platforms. There are important key variations between each blockchain technology scheme in regards to their architecture, scalability, interoperability, security features, consensus mechanism, and application. This difference in the block chain technology scheme has brought about the need to comparatively analyse different block chain technology schemes in order to better comprehend their strengths and weaknesses, advantages and disadvantages, scope and limitations so as to be able to access and measure suitability for efficient implementation in different case scenarios. In this study, 16 different qualities are compared amongst eight of the most popular blockchain technology. It concludes with a synopsis of these technologies and suggestions for the most widely used ones.