Blockchain Ethereum Framework Performance Analysis Considering Decentralized Loan Management System

This paper outlines the conceptualization and implementation of a Peer-to-Peer (P2P) Loan Management System utilizing the Ethereum blockchain. The system leverages smart contracts to automate processes, ensuring transparency, security, and efficiency. Key benefits include improved transparency, automated processing, enhanced security, faster transactions, and reduced costs. The proposed system aims to make lending and borrowing fair and accessible, addressing issues in traditional processes. The methodology involves Ethereum clients, a system model, and the implementation of smart contracts for decentralized lending. On average, Geth outperforms Besu by approximately 82.56% in transaction time across various functions in the Peer-to-Peer Loan Management System. The analysis reveals that Geth consistently achieves faster processing times, with notable differences observed in functions. This significant performance advantage underscores Geth's efficiency and suitability for the decentralized lending platform, making it a preferred choice for developers and stakeholders seeking optimal performance in blockchain-based applications.