Statistical assessment of hybrid blockchain for sme sector

Abstract

Blockchain innovation with its property of immutable data isn't just limited to digital cryptographic forms of money yet in addition for various domains like healthcare, logistics, rentals, entertainment, social media and so on. Ventures are investigating this innovation to adopt in main line of business, which will give certainty on security ceasing data breach. This research paper has built up a hybrid blockchain framework which can be utilized on premise or over the cloud or a combination of both and can be utilized by various departments for protecting transactions in small and medium scale businesses with an uprightness of high security, transparency, remote devices, accessibility and cost adequacy. This created framework compares with the traditional approach model on some significant factors for statistical assessment. The analysis discovers how this hybrid blockchain framework is more productive and secured than the client server approach model and aims to be utilized as platform as a service both in local or hybrid cloud infrastructure.