Blockchain for Business: An Overview and Benchmarking Analysis of Key Technologies

Muhamet Zeneli – Faculty of Economics, University of Tirana, Rruga Arben Broci 1, Tirana 1001, Albania

Ezmolda Barolli – Faculty of Economics, University of Tirana, Rruga Arben Broci 1, Tirana 1001, Albania

Abstract: The adoption of blockchain technology in business applications has seen rapid growth in recent years. As enterprises explore the poten­tial benefits of blockchain, it becomes imperative to evaluate various block­chain technologies to make informed decisions about their implementation. This paper presents an overview of blockchain technologies tailored for busi­ness use cases and analyzes prominent platforms such as Hyperledger Fab­ric, Hyperledger Sawtooth, Corda, and Consensys Quorum. This study pro­vides valuable insights for enterprises seeking to deploy blockchain solutions by evaluating key metrics such as performance, scalability, security, and con­sensus and conducting a cross-industry benchmarking analysis. The evalua­tion process will be based on a comparative and in-depth analysis of the cur­rent state of research. The findings shed light on the potential benefits of each blockchain technology, facilitating informed decision-making and promot­ing the responsible adoption of blockchain in the business environment.

7th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2023 – Selected Papers, Hybrid (Faculty of Organization and Informatics Varaždin, University of Zagreb, Croatia), October 26, 2023

ITEMA Selected Papers published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2023 Selected Papers: ISBN 978-86-80194-76-9, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.S.P.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.

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