Decentralised Blockchain Management Through Digital Twins
By: Georgios Diamantopoulos , Nikos Tziritas , Rami Bahsoon and more
Potential Business Impact:
Lets many people control a shared digital ledger.
The necessity of blockchain systems to remain decentralised limits current solutions to blockchain governance and dynamic management, forcing a trade-off between control and decentralisation. In light of the above, this work proposes a dynamic and decentralised blockchain management mechanism based on digital twins. To ensure decentralisation, the proposed mechanism utilises multiple digital twins that the system's stakeholders control. To facilitate decentralised decision-making, the twins are organised in a secondary blockchain system that orchestrates agreement on, and propagation of decisions to the managed blockchain. This enables the management of blockchain systems without centralised control. A preliminary evaluation of the performance and impact of the overheads introduced by the proposed mechanism is conducted through simulation. The results demonstrate the proposed mechanism's ability to reach consensus on decisions quickly and reconfigure the primary blockchain with minimal overhead.
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