SpeedChain: A framework for Monitoring and Alerting blockchain projects

Abstract

Blockchain is an emerging technology for decentralized transactional data sharing networks of untrusted participants. Monitoring and alerting are crucial functionalities when it comes to blockchain projects running in production. In the meantime, different blockchain monitoring systems lack detailed and real-time metrics. In addition to that, the adoption of different DLTs (Distributed Ledger Technologies) is poor. To solve this problem, we propose a realtime-based information framework to monitor blockchain applications. Our monitoring framework is not only a log-based method but also gathers other system metrics (e.g., CPU throughput, latency). The main benefits of our approach are lower configuration setup, more detailed metrics, and, larger DLTs adoption than the existing monitoring tools. We implement the framework to monitor three well-known blockchain systems. The experimental results show that our framework can make a detailed and realtime monitoring of blockchain projects.