Optimal blockchain network construction methodology based on analysis of configurable components for enhancing Hyperledger Fabric performance

Abstract

Presently, blockchain technology has been widely applied in various application domains such as the Internet of Things (IoT), supply chain management, healthcare, etc. So far, there has been much confusion about whether blockchain performs with scale, and admittedly, a lack of information about best practices that can improve the performance and scale. This paper proposes a novel blockchain network construction methodology to improve the performance of Hyperledger Fabric. As a highly scalable permissioned blockchain platform, Hyperledger Fabric supports a wide range of enterprise use cases from finance to governance. A comprehensive evaluation is performed by observing various configurable network components that can affect the blockchain performance. To demonstrate the significance of the proposed methodology, we set up the experiment environment for the baseline and the test network using optimized parameters, respectively. The experimental results indicate that the test network's performance is enhanced effectively compared to the baseline in transaction throughput and transaction latency.