Abstract
Blockchain is a magnificent technology that has the ability to decentralize the storage, sharing, and management of data and information. Hyperledger Fabric, an open-source, permissioned blockchain initially introduced by IBM as Hyperledger Fabric v1.0 and then more recently as Hyperledger Fabric v1.4.4, is one of the most recent blockchain systems to emerge. There is no clear technique for comparing attributes like performance, security, and scalability, despite the fact that there are multiple blockchain platforms. Furthermore, the new Hyperledger Fabric version was never compared to any other blockchain platform. In the study, the evaluation and settlement for Hyperledger Fabric 1.4.4 have been done. A complete set-up is presented in this document. As more Hyperledger Fabric networks go live, serviceability and operational aspects are becoming increasingly critical. With logging enhancements, health checks, and operational analytics, Fabric v1.4 takes a major step ahead. Fabric v1.4.4 is hence the recommended release for production use. Under heavy workload circumstances, however, the performance of the Hyperledger Fabric v1.4.4 platform did not match that of con- temporary conventional database systems.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Ensor A, Schefer-Wenzl S, Miladinovic I (2018) Blockchains for IoT payments: a survey. In: 2018 IEEE Globecom workshops (GC Wkshps), 9–13 Dec. 2018
Ekbote B, Hire V, Mahajan P, Sisodia J (2017) Blockchain based remittances and mining using CUDA. In: IEEE international conference on smart technology for smart nation
Li D, W Eric Wong, Chau M, Pan S, Seng Koh L (2020) A survey of mobile NFC payment: challenges and solution using blockchain cryptocurrencies. In: 7th international conference on dependable systems and their applications (DSA). IEEE
Akanfe O, Valecha R, Raghav Rao H (2020) Design of a compliance index for privacy policies: a study of mobile wallet and remittance services. In: IEEE transactions on engineering management, page 1–13, 16 September 2020
Dashkevich N (2020) Steve counsel, and Giuseppe Destefa. In: Blockchain application for central banks: a systematic mapping study, July 27, 2020
Desai H, Kantarcioglu M, Kagal L (2019) Hybrid blockchain architecture for privacy-enabled and accountable auctions. In: 2019 IEEE international conference on block-chain (Blockchain), 14–17 July 2019
Popova NA, Butakova NG (2019) Research of a possibility of using blockchain technology without tokens to protect banking transactions. In: 2019 IEEE conference of Russian Young researchers in electrical and electronic engineering (EIConRus), Jan. 2019
Sakho S, Jianbiao Z, Essaf F, Badiss K (2020) Improving banking trans- actions using blockchain technology. In: 2019 IEEE 5th international conference on computer and communications, 13 April 2020
Sood A, Simon R (2019) Implementation of blockchain in cross border money transfer. In: 2019 4th international conference on information systems and computer networks (ISCON) GLA University, Mathura, UP, India. Nov 21–22, 2019
Ricci P, Mammanco V (2019) RemBit: a blockchain based solution for remit- tances to Ethiopia. In: 2019 IEEE symposium on computers and communications (ISCC), July 2019
Norta A, Leiding B, Lane A (2019) Lowering financial inclusion barriers with a blockchain-based capital transfer system. In: IEEE INFOCOM 2019—IEEE conference on computer communications workshops (INFOCOM WKSHPS), September 2019
Awan KM, Yamin MM, ur Rehman Z, Shah PA (2017) Implementation of information security techniques on modern android based Kiosk ATM/Remittance Machines. In: 2017 international conference on information and communication technologies (ICICT), Dec. 2017.
Ali M et al (2016) Blockstack: a global naming and storage system secured by block-chains. USENIX annual technical conference
Mills D, Wang K, Malone B (2016) Distributed ledger technology in payments, clearing, and settlement, Series 2016-095. Washington: Board of Governors of the Federal Reserve System, 2016
Jones KL (2019) Blockchain: building consensus and trust across the space sector. In: 35th space symposium, technical Track, Colorado Springs, Colorado, United States of America Presented on April 8, 2019
Lindman J, Tuunainen MRVK (2017) Opportunities and risks of blockchain technologies in payments—a research agenda. In: 2017, Hawaii international conference on system sciences
Achanta R (2018) Cross-border money transfer using blockchain—enabled by big data. White paper Published by Infosys in 2018.
Campbell-Verduyn M (2018) Bitcoin, crypto-coins, and global anti-money laundering governance. Springer
Zichichi M et al (2020) A distributed ledger based infrastructure for smart transportation system and social good. In: 2020 IEEE 17th annual consumer communications & networking conference (CCNC)
Adulla M (Reddy et al., White paper: hyperledger blockchain performance metrics, V1.01 published October 2018)
Castro M, Liskov B (1999) Practical Byzantine fault tolerance. In: Proceedings of the 3rd symposium on operating systems design and implementation (OSDI ’99). pp 173–186
Cachin C (2016) Architecture of the hyperledger blockchain fabric. IBM Res
Androulaki E et al (2017) Cryptography and protocols in hyperledger fabric. In: Real-world cryptography conference
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2024 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Mor, P., Tyagi, R.K., Jain, C., Verma, D.K. (2024). Enhanced Hyperledger Fabric Network Set-Up for Remittance and Settlement Process. In: Goyal, S.K., Palwalia, D.K., Tiwari, R., Gupta, Y. (eds) Flexible Electronics for Electric Vehicles. FLEXEV 2022. Lecture Notes in Electrical Engineering, vol 1065. Springer, Singapore. https://doi.org/10.1007/978-981-99-4795-9_15
Download citation
DOI: https://doi.org/10.1007/978-981-99-4795-9_15
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-99-4794-2
Online ISBN: 978-981-99-4795-9
eBook Packages: EnergyEnergy (R0)