Performance Evaluation of Blockchain-Based Security Mechanisms: a Comprehensive Study

EasyChair Preprint 13718

Abstract

The study explores the performance and security evaluation of encryption algorithms such as RC6, AES, and DES in blockchain-based storage systems, shedding light on their strengths and limitations [1]. It recognizes blockchain technology's potential in enhancing data reliability and security, underscoring the pivotal role of consensus algorithms in ensuring information authenticity and security [2] [3]. Additionally, the research introduces a novel approach: a cross-chain-based information exchange model employing blockchain technology to assess the effectiveness of music performing arts activities in public health, aiming to address existing gaps in evaluation methodologies [4]. Consensus algorithms like Proof-of-Work, Proof-of-Stake, and Proof-of-Activity remain crucial for blockchain security and stability, each offering distinct levels of decentralization and efficiency [5]. This comprehensive study underscores the importance of cryptographic algorithms and consensus mechanisms in fortifying data privacy and reliability in blockchain systems across diverse industries, adapting to the evolving landscape of technology.

Keyphrases: AES, Blockchain Security, Blockchain Technology, Blockchain mining, Blockchain storage systems, Byzantine Fault Tolerance (BFT), Cryptographic, DES, Data Integrity, Data Reliability, Data Security, Decentralized, Delegated Proof-of-Stake (DPoS), Digital Signatures, Double Spending, Encryption algorithms, Fraud reduction, Governance, Healthcare, Immutability, Proof of Stake (POS), Proof of Work (PoW), Proof-of-authority (PoA), RC6, SM2 algorithm, Scalability, Supply Chain Management, Trust, consensus models, cryptographic attacks, cryptographic systems, data transactions, decentralization, distributed ledger, energy efficiency, financial services, network performance, node participation, operational efficiency, public health, tamper-proof, transparency

@booklet{EasyChair:13718,
  author    = {Muhammad Mustajab Shahid Iqbal and Syeda Um-E-Farwa Um-E-Farwa},
  title     = {Performance Evaluation of Blockchain-Based Security Mechanisms: a Comprehensive Study},
  howpublished = {EasyChair Preprint 13718},
  year      = {EasyChair, 2024}}