Deploy a Private Blockchain Network with a Power of Authority (PoA) Consensus Model Using GoEtherium in Amazon EC2
M K Nalini, S Preetha, Prajwal Manjunath, Raunak Prasad P · 2023
Emergence of blockchain technology has revolutionized various industries, offering unprecedented security, transparency and decentralized data management. Private block chain networks in particular have gained significant attention due to their enhanced privacy and control over network participants. This paper focuses on the deployment of a private blockchain network using GoEtherium with a Power of Authority (PoA) consensus model in the Amazon EC2 cloud computing environment. Study addresses the challenges associated with deploying a private blockchain network and provides practical insights. It explores design considerations, including GoEtherium selection and configuration, Amazon EC2 instance setup and component integration. Performance evaluation, security considerations and a use case analysis are conducted to demonstrate the effectiveness of the network. Findings contribute to the understanding of deploying private blockchain networks and provides guidance for organizations looking to leverage blockchain technology securely and efficiently.