only makes the underlying system more efficient but also brings trust and
transparency to the system.
Blockchain can enable the officials to verify the proof of the existence of
documents by comparing the attributes of the provided copy of the document
against the details of the original version stored in the blockchain. Storing the
digital artefacts related to documents in a blockchain makes it secure and
immune to tampering.
SWOC analysis
SWOC includes strengths, weaknesses, opportunities, and challenges.
Strengths
1. Blockchain technology provides decentralized, vigilant, timestamped,
immutable, and consensus-based data storage for the stakeholders.
2. Blockchain technology provides an efficient ledger storage mechanism in
a distributed environment with appropriate authentication and
authorization based on the role of the stakeholder.
3 . Depending on the need of the application domain, either permissioned or
permissionless blockchain environments can be setup.
4. Blockchain-as-a-Service allows for seamless integration for using
blockchain features in various application domains.
Weaknesses
Every technology brings in its own disadvantages, but identification of these
weaknesses early would help in preparation to tackle the problems well before
they affect the developed blockchain ecosystem. Following are some of the
concerns that need to be addressed before deploying blockchain-based
systems:
1. Scalability: The current transaction processing rate of blockchain
platforms varies from 7 transactions per second (tps) to 3 ,5 00 tps
depending on the individual platform’s applicability to a particular
domain, architectural considerations, consensus approach, number of
nodes in deployment, and so on. The generic architectural platforms such
as HyperLedger Fabric, though apparently suitable for requirements of