Architectural considerations for blockchain based systems for financial transactions

Raghvinder S. Sangwan, Mohamad Kassab, Christopher Capitolo

Research output: Contribution to journalConference articlepeer-review

Abstract

Systems supporting financial dealings at an enterprise scale must be able to handle large volumes of transactions in a secure manner while maintaining high level of operational availability. These systems must also have the flexibility to interface with many third-party applications with ease. In this paper we explore these architectural considerations for systems supporting financial transactions using the blockchain technology. We identify the strengths of this technology in achieving the qualities associated with these architectural considerations and suggest architectural tactics that can be used to overcome its weaknesses. A reference architecture is presented along with a prototype that implements this architecture using Iroha, a commercially available financial ledger for blockchain systems.

Original languageEnglish (US)
Pages (from-to)265-271
Number of pages7
JournalProcedia Computer Science
Volume168
DOIs
StatePublished - 2020
Event2020 Complex Adaptive Systems Conference, CAS 2019 - Malvern, United States
Duration: Nov 13 2019Nov 15 2019

All Science Journal Classification (ASJC) codes

  • Computer Science(all)

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