NFV and Blockchain Enabled 5G for Ultra-Reliable and Low-Latency Communications in Industry: Architecture and Performance Evaluation

5G networks are expected to provide cost-efficient, reliable, and flexible services for industrial productions and applications potentially, by introducing emerging network technologies like blockchain and network functions virtualization (NFV), which virtualizes network functions and runs them on standard infrastructure rather than customized hardware. However, how to deal with the emerging security challenges and fulfil the requirement of ultra-reliable and low-latency communications (URLLC) has not been fully resolved. In this article, we present an NFV-enabled 5G paradigm for the industry with the guarantee of URLLC through service chain acceleration and dynamic blockchain-based spectrum resource sharing among a variety of industry applications running in NVF-based equipment. First, we elaborate the benefits and shortcomings of NFV for industry, by executing an industry application experiment in virtualized and nonvirtualized data center networks. Then, we illustrate an NFV-enabled 5G paradigm for URLLC in detail, with a special focus on the service chain acceleration and spectrum sharing built on NFV, blockchain, software-defined networking, and mobile edge computing. Finally, we establish a mathematical model to study the worst-cast transmission latency of NFV-enabled 5G with the input of the bursty traffic. The proposed model can be exploited to support the plan, management, and optimization of NFV-enabled 5G URLLC systems for industry.