Application of Blockchain Technology in Dynamic Resource Management of Next Generation Networks

With the advent of Software Defined Networking (SDN) and Network Function Virtualization (NFV) technologies, the networking infrastructures are becoming increasingly agile in their attempts to offer the quality of services needed by the users, maximizing the efficiency of infrastructure utilization. This in essence mandates the statistical multiplexing of demands across the infrastructures of different Network Providers (NPs), which would allow them to cope with the increasing demand, upgrading their infrastructures at a slower pace. However, to enjoy the benefits of statistical multiplexing, a trusted authority to govern it would be required. At the same time, blockchain technology aspires to offer a solid advantage in such untrusted environments, enabling the development of decentralized solutions that ensure the integrity and immutability of the information stored in the digital ledger. To this end, in this paper, we propose a blockchain-based solution that allows NPs to trade their (processing and networking) resources. We implemented the solution in a test-bed deployed on the cloud and we present the gathered performance results, showing that a blockchain-based solution is feasible and appropriate. We also discuss further improvements and challenges.