Performance analysis of hyperledger fabric platforms

Abstract

Blockchain is a key technology that has the potential to decentralize the way we store, share, and manage information and data. One of the more recent blockchain platforms that has emerged is Hyperledger Fabric, an open source, permissioned blockchain that was introduced by IBM, first as Hyperledger Fabric v0.6,and then more recently, in 2017, IBM released Hyperledger Fabric v1.0. Although there are many blockchain platforms, there is no clear methodology for evaluating and assessing the different blockchain platforms in terms of their various aspects, such as performance, security, and scalability. In addition, the new version of Hyperledger Fabric was never evaluated against any other blockchain platform. In this paper,we will first conduct a performance analysis of the two versions of Hyperledger Fabric,v0.6 and v1.0. The performance evaluation of the two platforms will be assessed in terms of execution time,latency,and throughput, by varying the workload in each platform up to 10,000 transactions.Second,we will analyze the scalability of the two platforms by varying the number of nodes up to 20 nodes in each platform. Overall, the performance analysis results across all evaluation metrics, scalability, throughput, execution time, and latency, demonstrate that Hyperledger Fabric v1.0 consistently outperforms Hyperledger Fabric v0.6.However, Hyperledger Fabric v1.0 platform performance did not reach the performance level in current traditional database systems under high workload scenarios.