What Does Not Fit Can Be Made to Fit! Trade-Offs in Distributed Ledger Technology Designs

Proceedings of the 52nd Hawaii International Conference on System Sciences

10 Pages Posted: 11 Jan 2019 Last revised: 18 Sep 2019

See all articles by Niclas Kannengießer

Niclas Kannengießer

Karlsruhe Institute of Technology - Institute of Applied Informatics and Formal Description Methods (AIFB)

Sebastian Lins

University of Cologne

Tobias Dehling

Karlsruhe Institute of Technology

Ali Sunyaev

University of Cologne

Date Written: January 10, 2019

Abstract

Distributed ledger technology (DLT), including blockchain, enables secure processing of transactions between untrustworthy parties in a decentralized system. However, DLT is available in different designs that exhibit diverse characteristics. Moreover, DLT characteristics have complementary and conflicting interdependencies. Hence, there will never be an ideal DLT design for all DLT use cases; instead, DLT implementations need to be configured to contextual requirements. Successful DLT configuration requires, however, a sound understanding of DLT characteristics and their interdependencies. In this manuscript, we review DLT characteristics and organize them into six groups. Furthermore, we condense interdependencies of DLT characteristics into trade-offs that should be considered for successful deployment of DLT. Finally, we consolidate our findings into DLT archetypes for common design objectives, such as security, usability, or performance. Our work makes extant DLT research more transparent and fosters understanding of interdependencies and trade-offs between DLT characteristics.

Keywords: Blockchain, Distributed Ledger Technology, Trade-Offs, Suitability

Suggested Citation

Kannengießer, Niclas and Lins, Sebastian and Dehling, Tobias and Sunyaev, Ali, What Does Not Fit Can Be Made to Fit! Trade-Offs in Distributed Ledger Technology Designs (January 10, 2019). Proceedings of the 52nd Hawaii International Conference on System Sciences. Available at SSRN: https://ssrn.com/abstract=3270859 or http://dx.doi.org/10.2139/ssrn.3270859

Niclas Kannengießer (Contact Author)

Karlsruhe Institute of Technology - Institute of Applied Informatics and Formal Description Methods (AIFB) ( email )

Kaiserstraße 12
Karlsruhe, Baden Württemberg 76131
Germany

Sebastian Lins

University of Cologne ( email )

Albertus-Magnus-Platz
Cologne, 50923
Germany

Tobias Dehling

Karlsruhe Institute of Technology ( email )

Kaiserstraße 12
Karlsruhe, Baden Württemberg 76131
Germany

Ali Sunyaev

University of Cologne ( email )

Albertus-Magnus-Platz
Cologne, 50923
Germany

HOME PAGE: http://www.isq.uni-koeln.de

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