Multi-service model for blockchain networks
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/11328/3366 https://doi.org/10.1016/j.ipm.2021.102525 |
Resumo: | Multi-service networks aim to efficiently supply distinct goods within the same infrastructure by relying on a (typically centralised) authority to manage and coordinate their differential delivery at specific prices. In turn, final customers constantly seek to lower costs whilst maximising quality and reliability. This paper proposes a decentralised business model for multiservice networks using Ethereum blockchain features – gas, transactions, and smart contracts – to execute multiple services at different prices. By employing the Ethereum cryptocurrency token, Ether, to quantify the quality of service and reliability of distinct private Ethereum networks, our model concurrently processes streams of services at different gas prices while differentially delivering reliability and service quality. This multi-service business model has been extensively tested on five concurrent Ethereum networks with various combinations of gas prices, miners, and regular nodes using a Proof of Authority consensus algorithm and throughput as the evaluation metric. It has exhibited linear scalability, providing increased throughput in high-quality Ethereum networks, i.e., composed of more validator nodes. The results also indicate that different mining prices do not impact the network performance, but networks with more miners had limited scalability and an increased level of trustworthiness and reliability. |
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Multi-service model for blockchain networksService networksReliabilityQuality of serviceNetwork selectionEthereumBusiness modelsMulti-service networks aim to efficiently supply distinct goods within the same infrastructure by relying on a (typically centralised) authority to manage and coordinate their differential delivery at specific prices. In turn, final customers constantly seek to lower costs whilst maximising quality and reliability. This paper proposes a decentralised business model for multiservice networks using Ethereum blockchain features – gas, transactions, and smart contracts – to execute multiple services at different prices. By employing the Ethereum cryptocurrency token, Ether, to quantify the quality of service and reliability of distinct private Ethereum networks, our model concurrently processes streams of services at different gas prices while differentially delivering reliability and service quality. This multi-service business model has been extensively tested on five concurrent Ethereum networks with various combinations of gas prices, miners, and regular nodes using a Proof of Authority consensus algorithm and throughput as the evaluation metric. It has exhibited linear scalability, providing increased throughput in high-quality Ethereum networks, i.e., composed of more validator nodes. The results also indicate that different mining prices do not impact the network performance, but networks with more miners had limited scalability and an increased level of trustworthiness and reliability.Elsevier2021-02-04T11:54:01Z2021-02-042021-01-20T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfLeal, F., Chis, A. E., & González–Vélez, H. (2021). Multi-service model for blockchain networks. Information Processing and Management, 58(2021), 2-11. Disponível no Repositório UPT, http://hdl.handle.net/11328/3366http://hdl.handle.net/11328/3366Leal, F., Chis, A. E., & González–Vélez, H. (2021). Multi-service model for blockchain networks. Information Processing and Management, 58(2021), 2-11. Disponível no Repositório UPT, http://hdl.handle.net/11328/3366http://hdl.handle.net/11328/3366https://doi.org/10.1016/j.ipm.2021.102525eng0306-4573http://www.elsevier.com/locate/ipmhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessLeal, FátimaChis, Adriana E.González–Vélez, Horacioreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-16T02:04:04Zoai:repositorio.upt.pt:11328/3366Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:38:56.898933Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Multi-service model for blockchain networks |
title |
Multi-service model for blockchain networks |
spellingShingle |
Multi-service model for blockchain networks Leal, Fátima Service networks Reliability Quality of service Network selection Ethereum Business models |
title_short |
Multi-service model for blockchain networks |
title_full |
Multi-service model for blockchain networks |
title_fullStr |
Multi-service model for blockchain networks |
title_full_unstemmed |
Multi-service model for blockchain networks |
title_sort |
Multi-service model for blockchain networks |
author |
Leal, Fátima |
author_facet |
Leal, Fátima Chis, Adriana E. González–Vélez, Horacio |
author_role |
author |
author2 |
Chis, Adriana E. González–Vélez, Horacio |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Leal, Fátima Chis, Adriana E. González–Vélez, Horacio |
dc.subject.por.fl_str_mv |
Service networks Reliability Quality of service Network selection Ethereum Business models |
topic |
Service networks Reliability Quality of service Network selection Ethereum Business models |
description |
Multi-service networks aim to efficiently supply distinct goods within the same infrastructure by relying on a (typically centralised) authority to manage and coordinate their differential delivery at specific prices. In turn, final customers constantly seek to lower costs whilst maximising quality and reliability. This paper proposes a decentralised business model for multiservice networks using Ethereum blockchain features – gas, transactions, and smart contracts – to execute multiple services at different prices. By employing the Ethereum cryptocurrency token, Ether, to quantify the quality of service and reliability of distinct private Ethereum networks, our model concurrently processes streams of services at different gas prices while differentially delivering reliability and service quality. This multi-service business model has been extensively tested on five concurrent Ethereum networks with various combinations of gas prices, miners, and regular nodes using a Proof of Authority consensus algorithm and throughput as the evaluation metric. It has exhibited linear scalability, providing increased throughput in high-quality Ethereum networks, i.e., composed of more validator nodes. The results also indicate that different mining prices do not impact the network performance, but networks with more miners had limited scalability and an increased level of trustworthiness and reliability. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-02-04T11:54:01Z 2021-02-04 2021-01-20T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
Leal, F., Chis, A. E., & González–Vélez, H. (2021). Multi-service model for blockchain networks. Information Processing and Management, 58(2021), 2-11. Disponível no Repositório UPT, http://hdl.handle.net/11328/3366 http://hdl.handle.net/11328/3366 Leal, F., Chis, A. E., & González–Vélez, H. (2021). Multi-service model for blockchain networks. Information Processing and Management, 58(2021), 2-11. Disponível no Repositório UPT, http://hdl.handle.net/11328/3366 http://hdl.handle.net/11328/3366 https://doi.org/10.1016/j.ipm.2021.102525 |
identifier_str_mv |
Leal, F., Chis, A. E., & González–Vélez, H. (2021). Multi-service model for blockchain networks. Information Processing and Management, 58(2021), 2-11. Disponível no Repositório UPT, http://hdl.handle.net/11328/3366 |
url |
http://hdl.handle.net/11328/3366 https://doi.org/10.1016/j.ipm.2021.102525 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
0306-4573 http://www.elsevier.com/locate/ipm |
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http://creativecommons.org/licenses/by/4.0/ info:eu-repo/semantics/openAccess |
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http://creativecommons.org/licenses/by/4.0/ |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Elsevier |
publisher.none.fl_str_mv |
Elsevier |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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