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Practical Deployability of Permissioned Blockchains

  • Nitesh EmmadiEmail author
  • R. Vigneswaran
  • Srujana Kanchanapalli
  • Lakshmipadmaja Maddali
  • Harika Narumanchi
Conference paper
Part of the Lecture Notes in Business Information Processing book series (LNBIP, volume 339)

Abstract

Ever since the evolution of cryptocurrencies, there has been profound interest in employing the underlying Blockchain technology for enterprise applications. Enterprises are keen on embracing the advantages of Blockchain in applications ranging from FinTech, Supply chain, IoT, Identity Management, Notary, Insurance and to many other domains. Blockchain is often spoken of as the third disruption after computers and the internet, and is being studied for application in several domains. A blockchain, as used in most cryptocurrencies, does not require any authorization for participants to join or leave the system, and hence is referred to as a permission-less blockchain. However, enterprise applications cannot operate in such models. Enterprise applications operate in a regulated, permissioned blockchain setting. This paper provides an industry focused insight into the practicality and feasibility of permissioned blockchains in real-world applications. In particular, we consolidate some non-trivial challenges that should be addressed in making the permissioned blockchain practically deployable in enterprises.

Keywords

Permissioned blockchain Challenges Smart contracts Enterprises 

Notes

Acknowledgements

We thank Dr. Sumanta Sarkar and Dr. Sachin Lodha from Tata Consultancy Services for their insightful feedback. We also thank anonymous reviewers for their valuable comments in improvising the paper.

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Nitesh Emmadi
    • 1
  • R. Vigneswaran
    • 1
  • Srujana Kanchanapalli
    • 1
  • Lakshmipadmaja Maddali
    • 1
  • Harika Narumanchi
    • 1
  1. 1.TCS Innovation LabsHyderabadIndia

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