The massive success of blockchain technology in Bitcoin is taking the world by storm by attracting vast acceptance from both the public and private sectors. Blockchain allows digital transactions between two parties without a third party as a broker. Blockchain is now applicable beyond fintech to various other industries. Among these, Hyperledger fabric has emerged as the most popular blockchain-based open-source permissioned platform targeting business applications. It has been used in over 400 proofs-of-concept blockchain and is well proven in applications, such as supply chain, healthcare, and so on. Despite the many obvious benefits observed in blockchain-enhanced platforms, there still exist technical challenges in scalability, causing performance deficiency, which includes latency and throughput. There is an exigent need to improve the current blockchain-based applications to have the blockchain nodes be scalable without compromising the blockchain performance. In this study, we present the impact of workload variance of up to 1000 transactions with the setup of 20 blockchain nodes in the Hyperledger LTS platform. The evaluation metrics are transaction success and failure rate, throughput, and latency in the blockchain. The transaction throughput was found to be consistent with the increasing workload on a constant number of nodes. However, it showed a declining trend with an increasing number of nodes. As far as the latency, it was in tandem with the increased workload and the number of nodes. We, therefore, conclude that the LTS version is suitable for small and medium enterprises that do not scale up.

Recent years have witnessed the advancement of the Internet of Things (IoT) and its emergence as a technology that could revolutionize many businesses. It helps considerably in creating data-driven business models with the insights it provides. IoT systems are deployed in data collection, monitor processes, provide insights and allow businesses to make data-driven productivity improvements. However, IoT systems are often experiencing data loss due to inevitable failures ranging from devices, networks, to the application layer, especially in scarce infrastructure resources environments. Data loss might be unrecoverable in many circumstances. As such, this research presents a blockchain based IoT model (framework) with the aim of circumventing data loss. We envisioned IoT blockchain technology in enhancing data veracity with data loss tolerance. That is, to have blockchain enhancing the IoT data veracity by leveraging on the features existed in its peer-to-peer network (P2P) and distributed ledger storage technology (DLT). Additionally, the edge computing of IoT blockchain technology is also conceptually workable; with intelligent small computing resources, it opens up a new era of bringing the intelligence of data collection, connectivity, computation and storage into the edge/device layer. A novel IoT blockchain strength monitoring system is also been studied to further enhance data veracity; this is achieved through a capacitance monitoring on the IoT blockchain system. The empirical results show that the proposed IoT blockchain with a strength monitoring model can alleviate data loss and thus enhance data veracity with data loss tolerance.