Virtual Blockchain Network for Secure Financial and Industrial Applications

This study introduces blockchain virtualization as a solution to tackle modern challenges. Evaluating the DGT network as a model, experiments probe the impact of virtualization (network-of-networks) on scaling and latency, shedding light on its potential for enhanced performance. Conclusively, the study emphasizes the significance of blockchain virtualization for enhancing blockchain performance and scalability. Future directions of research are discussed, including testing of security and privacy within virtualized environments and the potential of virtualization in shaping cloud-based blockchain-as-a-service solutions. In sum, blockchain virtualization emerges as a pivotal innovation poised to redefine the landscape of blockchain technology and its applications.