Bhat, Asif and Mohd Nor, Rizal and Amiruzzaman, Md and Islam, Md. Rajibul and Quadir, Munleef (2025) An evaluation of EVM-compatible blockchain platforms for trade finance. Journal of Advanced Research Design, 127 (1). pp. 150-172. E-ISSN 2289-7984
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Abstract
Blockchain, such as Bitcoin and Ethereum, has received significant attention and widespread usage in recent years. However, blockchain scalability has emerged as a challenging issue. This article explores the existing scalability options for blockchain, which can be categorized into two groups: first layer solutions and second layer solutions. First layer solutions involve network modifications like altering block size, while second layer solutions encompass techniques applied outside of the blockchain. Ethereum, the second largest blockchain, utilizes the Ethereum Virtual Machine (EVM) for executing smart contracts on the blockchain. Currently, there are several EVM-compatible blockchains with noticeable differences. In this study, we evaluated multiple platforms for conducting business processes in trade finance. We considered both Layer 1 and Layer 2 blockchain solutions and examined variations in cost and performance (speed). Based on the evidence gathered in this study, we provide recommendations for system designers to consider when selecting a blockchain platform
| Item Type: | Article (Journal) |
|---|---|
| Uncontrolled Keywords: | Blockchain, transaction, variance |
| Subjects: | Q Science > QA Mathematics > QA75 Electronic computers. Computer science |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Kulliyyah of Information and Communication Technology > Department of Computer Science Kulliyyah of Information and Communication Technology > Department of Computer Science |
| Depositing User: | Dr. Rizal Mohd Nor |
| Date Deposited: | 23 Apr 2026 15:16 |
| Last Modified: | 23 Apr 2026 15:16 |
| Queue Number: | 2026-04-Q2973 |
| URI: | http://irep.iium.edu.my/id/eprint/128521 |
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