Ji Wang

Bio: Ji Wang is an academic researcher from National University of Singapore. The author has contributed to research in topics: Blockchain & Smart contract. The author has an hindex of 5, co-authored 5 publications receiving 1245 citations.

Untangling Blockchain: A Data Processing View of Blockchain Systems

Abstract: Blockchain technologies are gaining massive momentum in the last few years. Blockchains are distributed ledgers that enable parties who do not fully trust each other to maintain a set of global states. The parties agree on the existence, values, and histories of the states. As the technology landscape is expanding rapidly, it is both important and challenging to have a firm grasp of what the core technologies have to offer, especially with respect to their data processing capabilities. In this paper, we first survey the state of the art, focusing on private blockchains (in which parties are authenticated). We analyze both in-production and research systems in four dimensions: distributed ledger, cryptography, consensus protocol, and smart contract. We then present BLOCKBENCH, a benchmarking framework for understanding performance of private blockchains against data processing workloads. We conduct a comprehensive evaluation of three major blockchain systems based on BLOCKBENCH, namely Ethereum, Parity, and Hyperledger Fabric. The results demonstrate several trade-offs in the design space, as well as big performance gaps between blockchain and database systems. Drawing from design principles of database systems, we discuss several research directions for bringing blockchain performance closer to the realm of databases.

BLOCKBENCH: A Framework for Analyzing Private Blockchains

Abstract: Blockchain technologies are taking the world by storm. Public blockchains, such as Bitcoin and Ethereum, enable secure peer-to-peer applications like crypto-currency or smart contracts. Their security and performance are well studied. This paper concerns recent private blockchain systems designed with stronger security (trust) assumption and performance requirement. These systems target and aim to disrupt applications which have so far been implemented on top of database systems, for example banking, finance and trading applications. Multiple platforms for private blockchains are being actively developed and fine tuned. However, there is a clear lack of a systematic framework with which different systems can be analyzed and compared against each other. Such a framework can be used to assess blockchains' viability as another distributed data processing platform, while helping developers to identify bottlenecks and accordingly improve their platforms. In this paper, we first describe BLOCKBENCH, the first evaluation framework for analyzing private blockchains. It serves as a fair means of comparison for different platforms and enables deeper understanding of different system design choices. Any private blockchain can be integrated to BLOCKBENCH via simple APIs and benchmarked against workloads that are based on real and synthetic smart contracts. BLOCKBENCH measures overall and component-wise performance in terms of throughput, latency, scalability and fault-tolerance. Next, we use BLOCKBENCH to conduct comprehensive evaluation of three major private blockchains: Ethereum, Parity and Hyperledger Fabric. The results demonstrate that these systems are still far from displacing current database systems in traditional data processing workloads. Furthermore, there are gaps in performance among the three systems which are attributed to the design choices at different layers of the blockchain's software stack. We have released BLOCKBENCH for public use.

Untangling Blockchain: A Data Processing View of Blockchain Systems

Abstract: Blockchain technologies are gaining massive momentum in the last few years. Blockchains are distributed ledgers that enable parties who do not fully trust each other to maintain a set of global states. The parties agree on the existence, values and histories of the states. As the technology landscape is expanding rapidly, it is both important and challenging to have a firm grasp of what the core technologies have to offer, especially with respect to their data processing capabilities. In this paper, we first survey the state of the art, focusing on private blockchains (in which parties are authenticated). We analyze both in-production and research systems in four dimensions: distributed ledger, cryptography, consensus protocol and smart contract. We then present BLOCKBENCH, a benchmarking framework for understanding performance of private blockchains against data processing workloads. We conduct a comprehensive evaluation of three major blockchain systems based on BLOCKBENCH, namely Ethereum, Parity and Hyperledger Fabric. The results demonstrate several trade-offs in the design space, as well as big performance gaps between blockchain and database systems. Drawing from design principles of database systems, we discuss several research directions for bringing blockchain performance closer to the realm of databases.

BLOCKBENCH: A Framework for Analyzing Private Blockchains

Abstract: Blockchain technologies are taking the world by storm. Public blockchains, such as Bitcoin and Ethereum, enable secure peer-to-peer applications like crypto-currency or smart contracts. Their security and performance are well studied. This paper concerns recent private blockchain systems designed with stronger security (trust) assumption and performance requirement. These systems target and aim to disrupt applications which have so far been implemented on top of database systems, for example banking, finance applications. Multiple platforms for private blockchains are being actively developed and fine tuned. However, there is a clear lack of a systematic framework with which different systems can be analyzed and compared against each other. Such a framework can be used to assess blockchains' viability as another distributed data processing platform, while helping developers to identify bottlenecks and accordingly improve their platforms. In this paper, we first describe BlockBench, the first evaluation framework for analyzing private blockchains. It serves as a fair means of comparison for different platforms and enables deeper understanding of different system design choices. Any private blockchain can be integrated to BlockBench via simple APIs and benchmarked against workloads that are based on real and synthetic smart contracts. BlockBench measures overall and component-wise performance in terms of throughput, latency, scalability and fault-tolerance. Next, we use BlockBench to conduct comprehensive evaluation of three major private blockchains: Ethereum, Parity and Hyperledger Fabric. The results demonstrate that these systems are still far from displacing current database systems in traditional data processing workloads. Furthermore, there are gaps in performance among the three systems which are attributed to the design choices at different layers of the software stack.

UStore: A Distributed Storage With Rich Semantics

Abstract: Today's storage systems expose abstractions which are either too low-level (e.g., key-value store, raw-block store) that they require developers to re-invent the wheels, or too high-level (e.g., relational databases, Git) that they lack generality to support many classes of applications. In this work, we propose and implement a general distributed data storage system, called UStore, which has rich semantics. UStore delivers three key properties, namely immutability, sharing and security, which unify and add values to many classes of today's applications, and which also open the door for new applications. By keeping the core properties within the storage, UStore helps reduce application development efforts while offering high performance at hand. The storage embraces current hardware trends as key enablers. It is built around a data-structure similar to that of Git, a popular source code versioning system, but it also synthesizes many designs from distributed systems and databases. Our current implementation of UStore has better performance than general in-memory key-value storage systems, especially for version scan operations. We port and evaluate four applications on top of UStore: a Git-like application, a collaborative data science application, a transaction management application, and a blockchain application. We demonstrate that UStore enables faster development and the UStore-backed applications can have better performance than the existing implementations.

Hyperledger fabric: a distributed operating system for permissioned blockchains

Abstract: Fabric is a modular and extensible open-source system for deploying and operating permissioned blockchains and one of the Hyperledger projects hosted by the Linux Foundation (www.hyperledger.org). Fabric is the first truly extensible blockchain system for running distributed applications. It supports modular consensus protocols, which allows the system to be tailored to particular use cases and trust models. Fabric is also the first blockchain system that runs distributed applications written in standard, general-purpose programming languages, without systemic dependency on a native cryptocurrency. This stands in sharp contrast to existing block-chain platforms that require "smart-contracts" to be written in domain-specific languages or rely on a cryptocurrency. Fabric realizes the permissioned model using a portable notion of membership, which may be integrated with industry-standard identity management. To support such flexibility, Fabric introduces an entirely novel blockchain design and revamps the way blockchains cope with non-determinism, resource exhaustion, and performance attacks. This paper describes Fabric, its architecture, the rationale behind various design decisions, its most prominent implementation aspects, as well as its distributed application programming model. We further evaluate Fabric by implementing and benchmarking a Bitcoin-inspired digital currency. We show that Fabric achieves end-to-end throughput of more than 3500 transactions per second in certain popular deployment configurations, with sub-second latency, scaling well to over 100 peers.

A Survey on IoT Security: Application Areas, Security Threats, and Solution Architectures

Abstract: The Internet of Things (IoT) is the next era of communication. Using the IoT, physical objects can be empowered to create, receive, and exchange data in a seamless manner. Various IoT applications focus on automating different tasks and are trying to empower the inanimate physical objects to act without any human intervention. The existing and upcoming IoT applications are highly promising to increase the level of comfort, efficiency, and automation for the users. To be able to implement such a world in an ever-growing fashion requires high security, privacy, authentication, and recovery from attacks. In this regard, it is imperative to make the required changes in the architecture of the IoT applications for achieving end-to-end secure IoT environments. In this paper, a detailed review of the security-related challenges and sources of threat in the IoT applications is presented. After discussing the security issues, various emerging and existing technologies focused on achieving a high degree of trust in the IoT applications are discussed. Four different technologies, blockchain, fog computing, edge computing, and machine learning, to increase the level of security in IoT are discussed.

Untangling Blockchain: A Data Processing View of Blockchain Systems

Abstract: Blockchain technologies are gaining massive momentum in the last few years. Blockchains are distributed ledgers that enable parties who do not fully trust each other to maintain a set of global states. The parties agree on the existence, values, and histories of the states. As the technology landscape is expanding rapidly, it is both important and challenging to have a firm grasp of what the core technologies have to offer, especially with respect to their data processing capabilities. In this paper, we first survey the state of the art, focusing on private blockchains (in which parties are authenticated). We analyze both in-production and research systems in four dimensions: distributed ledger, cryptography, consensus protocol, and smart contract. We then present BLOCKBENCH, a benchmarking framework for understanding performance of private blockchains against data processing workloads. We conduct a comprehensive evaluation of three major blockchain systems based on BLOCKBENCH, namely Ethereum, Parity, and Hyperledger Fabric. The results demonstrate several trade-offs in the design space, as well as big performance gaps between blockchain and database systems. Drawing from design principles of database systems, we discuss several research directions for bringing blockchain performance closer to the realm of databases.

BLOCKBENCH: A Framework for Analyzing Private Blockchains

Abstract: Blockchain technologies are taking the world by storm. Public blockchains, such as Bitcoin and Ethereum, enable secure peer-to-peer applications like crypto-currency or smart contracts. Their security and performance are well studied. This paper concerns recent private blockchain systems designed with stronger security (trust) assumption and performance requirement. These systems target and aim to disrupt applications which have so far been implemented on top of database systems, for example banking, finance and trading applications. Multiple platforms for private blockchains are being actively developed and fine tuned. However, there is a clear lack of a systematic framework with which different systems can be analyzed and compared against each other. Such a framework can be used to assess blockchains' viability as another distributed data processing platform, while helping developers to identify bottlenecks and accordingly improve their platforms. In this paper, we first describe BLOCKBENCH, the first evaluation framework for analyzing private blockchains. It serves as a fair means of comparison for different platforms and enables deeper understanding of different system design choices. Any private blockchain can be integrated to BLOCKBENCH via simple APIs and benchmarked against workloads that are based on real and synthetic smart contracts. BLOCKBENCH measures overall and component-wise performance in terms of throughput, latency, scalability and fault-tolerance. Next, we use BLOCKBENCH to conduct comprehensive evaluation of three major private blockchains: Ethereum, Parity and Hyperledger Fabric. The results demonstrate that these systems are still far from displacing current database systems in traditional data processing workloads. Furthermore, there are gaps in performance among the three systems which are attributed to the design choices at different layers of the blockchain's software stack. We have released BLOCKBENCH for public use.

A Survey on Consensus Mechanisms and Mining Strategy Management in Blockchain Networks

Abstract: The past decade has witnessed the rapid evolution in blockchain technologies, which has attracted tremendous interests from both the research communities and industries. The blockchain network was originated from the Internet financial sector as a decentralized, immutable ledger system for transactional data ordering. Nowadays, it is envisioned as a powerful backbone/framework for decentralized data processing and data-driven self-organization in flat, open-access networks. In particular, the plausible characteristics of decentralization, immutability, and self-organization are primarily owing to the unique decentralized consensus mechanisms introduced by blockchain networks. This survey is motivated by the lack of a comprehensive literature review on the development of decentralized consensus mechanisms in blockchain networks. In this paper, we provide a systematic vision of the organization of blockchain networks. By emphasizing the unique characteristics of decentralized consensus in blockchain networks, our in-depth review of the state-of-the-art consensus protocols is focused on both the perspective of distributed consensus system design and the perspective of incentive mechanism design. From a game-theoretic point of view, we also provide a thorough review of the strategy adopted for self-organization by the individual nodes in the blockchain backbone networks. Consequently, we provide a comprehensive survey of the emerging applications of blockchain networks in a broad area of telecommunication. We highlight our special interest in how the consensus mechanisms impact these applications. Finally, we discuss several open issues in the protocol design for blockchain consensus and the related potential research directions.