Policy-Based Blockchain Selection

As the number of blockchain (BC) platforms providing specific features increases, selecting a platform that fits all requirements needed for a specific case becomes a cumbersome task. For example, not only are BCs' technical details relevant, but also their intrinsic characteristics (e.g., cryptocurrency price) must be considered in selecting a BC for a given case. Hence, the management of data stored in multiple BCs and the selection process are not straightforward due to the myriad platforms and both technical and economic details (e.g., BC throughput and the underlying price fluctuation). This article defines a novel refinement flow (based on the policy continuum) of high-level BC selection policies to low-level BC transactions. Experiments with the BC selection framework developed applying policy-based management (PBM) in the BC context do show that such synergy simplifies data management in multiple BCs driven by user requirements (e.g., based on costs or performance policies). The performance analysis of the framework demonstrates the successful employment of PBM for BC selections with minimal overhead.