Optimizing Validation Phase of Hyperledger Fabric.

Blockchain technologies are on the rise, and Hyperledger Fabric is one of the most popular permissioned blockchain platforms. In this paper, we re-architect the validation phase of Fabric based on our analysis from fine-grained breakdown of the validation phase's latency. Our optimized validation phase uses a chaincode cache during validation of transactions, initiates state database reads in parallel with validation of transactions, and writes to the ledger and databases in parallel. Our experiments reveal performance improvements of 2x for CouchDB and 1.3x for LevelDB. Notably, our optimizations can be adopted in a future release of Hyperledger Fabric.