A novel blockchain architecture based on network functions virtualization (NFV) with auto smart contracts

Abstract

Network Function Virtualization (NFV) is considered to be a hopeful technology for supporting blockchain with many features like flexible networks and intelligent equipment. NFV decreases the expenses incurred on the maintenance and operation of assets that are generated through expenses, in addition to capital expenditures based on the isolate the physical devices from the main tasks executed by that equipment. Blockchain currency transfers or technology is the most powerful security tool that ensures the security of data. The prominent challenges in NFV are the processes of transition, vendor compatibility, network management, rapid growth, and security. The software industry and skills of networking are experiencing fast expansion and deployment of the Network Functions Virtualization (NFV) approach, jointly in blockchain and cloud networks. In this paper, a novel method is offered to virtualize the work of the blockchain based on the NFV with auto work of the smart contract between virtual nodes based on cloud computing. By blending NFV with Blockchain, all of the above-mentioned challenges have been overcome by moving to software environments through creating virtual nodes, as well as smooth interaction among them and managing the transactions between nodes and clients, indicating ideal network management. Through the proposed work, a throughput of up to 20% is obtained by applying NFV compared to not applying NFV to the blockchain. In addition, the costs of the hardware are eliminated and eventually a secure environment is used which distances the system from virtual attacks.