Sang Il Mo, Jae Jun Lee, Byung Wan Suh, Journal of Internet Computing and Services, Vol. 25, No. 5, pp. 107-119, Oct. 2024
10.7472/jksii.2024.25.5.107, Full Text:
Keywords: Blockchain, Ethereum Virtual Machine, Performance Evaluation, Smart Contract, Financial Platform

Abstract

The emergence of the Ethereum Virtual Machine(EVM) has facilitated the application of decentralized services across various industries, with the financial sector representing the largest portion of these applications. However, the low transaction processing speed of blockchain platforms has proven inadequate for high-performance financial services. To address this issue, numerous blockchain platforms based on the Ethereum Virtual Machine have been developed. Nevertheless, there is a scarcity of studies comparing the performance of these blockchain platforms, making it difficult to select the most suitable platform for financial services. Therefore, in this paper, we evaluate the performance of several prominent EVM-based blockchain platforms targeting the financial sector. Based on the results, we aim to contribute to the selection of blockchain platforms that are best suited for service operations within the financial industry.

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