Blockchain Interoperability from the Perspective of Interdependent Networks
Book Chapter
Imteaj, A, Hadi Amini, M, Pardalos, PM. (2021). Blockchain Interoperability from the Perspective of Interdependent Networks
. 29-38. 10.1007/978-3-030-75025-1_3
Imteaj, A, Hadi Amini, M, Pardalos, PM. (2021). Blockchain Interoperability from the Perspective of Interdependent Networks
. 29-38. 10.1007/978-3-030-75025-1_3
In this chapter, we discuss blockchain interoperability from the perspective of interdependent networks. At first, we define blockchain interoperability, describe the design philosophy of interoperability explaining its entire life-cycle (including data generation, cross-chain mechanism, verification, smart contract, and API), and present a high-level representation of blockchain interoperability. After that, we describe how the blockchain interoperability concept can be beneficial for interdependent networks. We analyze the possible challenges we may face while enabling interoperability amongst multiple blockchains and show a comparison of existing blockchain interoperability schemes. To the end, we present open issues with challenges and highlight some research directions on the blockchain interoperability domain.
