A benchmark, in essence, is a standard that serves as a point of comparison. A benchmark is a measurement standard that can be used in the financial sector to assess the performance of a certain asset or investment portfolio. The so-called indexes, which are essentially financial instruments used to represent a group of individual market prices or a collection of data points, are among the most popular types of benchmarks. For a range of asset types, including securities, bonds, stocks, and cryptocurrencies, many benchmarks have been developed. The S&P 500 index, which takes into account the market capitalization of 500 significant US corporations, is a well-known illustration of a benchmark. A specialized committee uses a weighting system to elect these companies. A benchmark in computer science refers to the execution of numerous computer operations and pieces of software to assess the relative performance of a given good or service. Many benchmarking tools are offered commercially as software that analyzes vast volumes of data and is created expressly to fulfill this need. Benchmarks are also used in the context of business analysis, a practice that frequently entails measuring and comparing business behavior and performance, either against what would be thought of as the most efficient or acceptable practice or against other businesses that are known for being very successful. There is still a demand for benchmarks in the blockchain sector. These could be developed as measurement standards for evaluating a range of blockchain features, including the network throughput and scalability, the degree of decentralization, the effectiveness of various consensus mechanisms, and also the performance of smart contracts. Ideally, these would be based on scientific research.