0000000000347354
AUTHOR
Kirill Ivkushkin
The Evolution of Blockchain Virtual Machine Architecture Towards an Enterprise Usage Perspective
Virtualization in the context of blockchain systems represents an essential phase in the development and migration of services from public chains to enterprise logic. Most of the ongoing blockchain uses-cases are using the existing public ledgers, but for business products and services, there is a need for custom tailored solutions to ensure flexibility and security. The Ethereum Virtual Machine has opened new ways to solve problems that require a public proof by executing logic on a decentralized ecosystem. In a natural evolutive process, virtualization logic was shaped by numerous architectures and business requirements. Beside performance and scalability, enterprise virtual machines are …
Dynamic Consensus: Increasing Blockchain Adaptability to Enterprise Applications
Decentralization powered by blockchain is validated for its capability to build trust like no other computational system before. The evolution of blockchain models has opened new use-cases that are becoming operational in many industry fields such as: energy, healthcare, banking, cross-border trade, aerospace, supply chain, and others. The core component of a decentralized architecture is the consensus algorithm - the set of rules that ensures an automated and fair agreement between the actors in the same network. Classic consensus algorithms are tailored to solve specific problems, but in an open ecosystem, each business case is unique and needs a certain level of customization. This paper…