Blockchain is a promising security system to protect transactions between multiple parties. It collects the information from different sources and stores it in multiple blocks. Further, these blocks are chained together after performing some security operations. Though it is a budding technology, it has several misconceptions. But, on the other side, it has numerous beneficial impacts and scope for advanced security technologies. This article gives you end-to-end research updates to craft Blockchain Thesis Ideas.

Nowadays, everyone prefers a decentralized system to avoid single-point failure. But, assuring the fullest security is a big challenging task for a decentralized system. Blockchain is also a decentralized system but it has one unique property as a distributed ledger which no one has.  The role of this ledger is to keep a record of the transactions that take place in the network. Before recording the transaction, the transaction should reach the smart contract by a consensus mechanism. Also, there is no need for a separate trusted third party instead the network nodes admit the transaction by themselves. Now, we can see the three most significant technologies that bind up with the blockchain mechanism.

What are the technologies used in blockchain?

• Game Theory
  • Here, it’s a consensus mechanism to ensure that every block is admitted by the peer nodes through a smart contract for storage purposes. Then, the transaction in that block will be added to the blockchain at regular intervals. Further, the validators will get the native token as a reward for transaction validation.
• Cryptography
  • Here, each data in the block is encrypted through a cryptographic hashing function. So, the network information is fully secured by this cryptographic technique. In the blockchain, the first block is referred to as Genetic Block. And, every block in the network has restricted storage. Further, it forms the chain by connecting the previous block hash value.
• P2P Network
  • In the network, every full node will store and keep the transaction information in the block for avoiding dependability on another node.  

What are the types of blockchain?

There are different types of blockchain with different nature and features. Below, we specified consortium blockchain, private blockchain, and public blockchain along with their characteristics. In specific, it is compared with each other through several performance metrics. And, some of them are Efficiency, consensus determination, immutability, read permission, and more.

• Consortium Blockchain
  • Partial
  • High
  • Permissioned
  • Selected Set of Nodes
  • Either Public or Restricted
  • Might Be Tampered
• Private Blockchain
  • Yes
  • High
  • Permissioned
  • One Organization
  • Either Public or Restricted
  • Might Be Tampered
• Public Blockchain
  • No
  • Low
  • Permissionless
  • All Peer Nodes
  • Public
  • Very Difficult To Tamper

Next, we can see the interesting features of the blockchain. These features gain the attention of information technology to make their data secure and reliable. Also, it is now spreading its popularity in all the major sectors ranging from personal to business.

What Are the Key Features of Blockchain?

• Data protection: In any case, if the data owner and source peer are the same, then there is no need of third-party, the source will directly protect the data
• Decentralized ledger technology: Core functionality of blockchain which is used to register the transaction detail. It is common for all types of users either public or private use-cases.
• Blockchain as a data structure: Similar to the data structure, blockchain also store diverse data such as medical, insurance, user identity, etc.
• Double spending: By combining distributed ledger and consensus protocol technologies, the blockchain system tackles the double-spending issue of the existing system
• Better user anonymity: Assure the secrecy of the users to value their privacy. So, it is the best feature in comparison with other conventional systems.
• Immutability: The information stored in the blockchain is cannot be altered without compromising miners. If someone attempts to change data, then it is easy to trace the tamper.

What are the big challenges of blockchain?

Though blockchain has many positive impacts on digital society, it has some technical shortcomings in real-time deployment. It comes across various blockchain adoption issues when it holds hands with society. Some, widely experienced common issues are security, scalability, cost, and delay. More than these, it also has other challenges that are still under the research phase.  And, they are:

• Inefficient Blockchain Architectural Design
• Anonymous Characteristics increase the criminal actions
• Lack of Scalability
• High Energy Utilization and Ecosystem Cost
• Network Security and Privacy Challenges
• Insufficient Developers with sufficient Knowledge
• Slow Transaction Process and Execution
• Lack of Popularity among Public
• Inadequate law and regulation information clarity
• Lack of user-friendly APIs for end-users
• Complex in Structural Design means

We offer a full range of research paper support through staff that is fully qualified to help you. We can help you with every step of the process such as:

• Choose the recent Blockchain Thesis ideas
• Write the complete research proposal (Include Aim, Problem, and Solutions)
• Develop the project using appropriate tools and technologies
• Write the flawless Thesis or Dissertation (based on Acceptable format)
• Revise the thesis for validation and verification purposes (Proofreading)
• Prepare the defendable point for your research based on comments

How to Choose Research Topics for Blockchain Thesis?

Generally, selecting the best research is a very important task in the whole research journey. Since the entire journey fully relies on that topic only. Also, one should more attentive in finalizing the topic. Before the topic confirmation, analyze the originality of the topic, relevancy of the topic, appropriateness of the topic, and future scope of the topic.

Our experts are here to guide you in these aspects. We also encourage our clients to say us their opinion or ideas regarding their projects which helps us to develop more precise projects. Further, we have also given you important Blockchain thesis ideas based on current research areas for your study,

• Government Document Distribution and Storage using Blockchain
• Employment of blockchain for Global Payroll system
• Secure E-voting Blockchain System
• Secure Real Estate Information Management using Blockchain
• Blockchain-enabled Secure Mobile Financial Transactions
• Dynamic Music Download Payments Using Blockchain
• Blockchain-based Healthcare Application and Services
• Blockchain Smart contracts for Smart Supply Chains
• Advance Analyzes for Blockchain Legal Issues
• Enhancement of Blockchain Standardization

Further, we are also listed other important thesis ideas that we are currently undergoing research on. And, some of them are in the development stage.

Top 15 Interesting Blockchain Thesis Ideas

• Privacy-Preserving blockchain Techniques
• Economic Implication on Cryptocurrency Adoption
• New Blockchain Adoption and Attacks Use Cases  
• Blockchain Solutions for Authorization and Authentication
• Smart Scripting Smart Contract for Blockchain Ledger
• Emerging Blockchain Forensics Monitoring and Analysis
• Effective Consensus Protocol Mechanism for Blockchain
• Developing Cryptographic Technologies in Blockchain
• Blockchain-enabled IoT Security Applications
• New Developments Blockchain Cyber-Physical Systems
• Advance Game Theory for Blockchain Resource Mining
• Blockchain Applications for Digital Forensics
• Secure Smart Cities Infrastructures using Blockchain Technology
• Decentralized Exchanges and Pooled Trading Platform Applications

Our projects are designed to unite all levels of challenges in your topics through our smart technical teams. Thus, we are proud enough to believe in our teams which make our customers trust our service by fulfilling their expectations every time. For every project, performance evaluation is very essential to analyze the efficiency of the system. So, we have given a few blockchain models with their performance evaluation metrics.

Blockchain Models for Performance Analysis

• Queueing Models
  • Fluid Queue
  • M/M^B/I Queue
  • Non-Exhaustive Queue
  • CTMC GI/M/1 Queue
  • M/G/1 Queue Variant
  • (n, k) Fork-Join Queue
  • CTMC GI/M/1 Queue
  • M/G/I and M/M/I Queue
  • M/G^B/1 Queue Variant
  • Discrete-Time GI/GI^N/1 Queue
• Stochastic Petri nets
  • Stochastic Reward Nets (SRN)
  • Generalized Stochastic Petri Nets (GSPN)
• Markov chains
  • Discrete-Time Markov Chain (DTMC)
  • Absorbing Discrete Time Markov Chain (Absorbing DTMC)

Performance Metrics of Blockchain

For the evaluation process, the presence of a system is required in spite of their type as either public or private. Further, we have also given you the other experimental result analysis metrics for comparative study.

Foremost comparison parameters

• Block Size
• Throughput
• Block Time
• Maximum Amount of Gas
• Number of Peer Nodes
• Number of Blocks for Mining
• Total Number of Nodes
• Number of Transactions / Records
• Development Platform of Blockchain

Last but not least, our developers have listed the top 3 worldwide famous blockchain benchmarks which is the framework to the developed blockchain system through pre-defined models and get the test outcome.

Top Three Popular Blockchain Benchmarks

• DAGbench
  • DLTs:
    • Byteball, Nano and IOTA
  • Capabilities:
    • Transaction query
      • Number of Input / Output transactions
      • Account Balance
    • Data Transfer (Value)
  • Performance Metrics:
    • Success Indicator, Transaction Free, Resource Utilization, Transaction Data Length, Throughput, Scalability, and Delay
• Hyperledger Caliper
  • DLTs:
    • Ethereum, Huperledger, FISCO BCOS, and blockchains (Burrow, Fabric, Besu, Sawtooth, and Iroba)
  • Capabilities::
    • Configuration file (self-defined)
  • Performance Metrics:
    • Delay, Success Rate, Throughput, and Resource Usage
• Block bench
  •  DLTs:
    • Quorum, Ethereum, Parity, and Hyperledger Fabric (HLF)
  • Capabilities:
    • Micro: IOHeavy,  Do Nothing, CPUHeavy, and Analytics
    • Macro: Etherld, WavesPresale, Doubler, Smallbank (OLTP), and YCSB (k- v store)
  • Performance Metrics:
    • Robustness, Delay, Throughput, and Scalability

Further, if you need detail about any blockchain-supported solutions, then communicate with us. Also, we let you know more Blockchain Thesis Ideas in advanced research areas. On the whole, we will help you at your needy time despite research obstacles.