SummaryAs an emerging technology, blockchain (BC) has been playing a promising role in today's software‐defined networking (SDN)‐enabled Internet of Things (IoT) applications. Because of the salient feature of the network function virtualization (NFV) techniques, SDN can ensure an IoT system runs efficiently and smoothly in a cloud‐driven ecosystem. When cloud‐enabled systems encounter immense security and operational challenges caused mainly by third‐party dependency, large‐scale data communication, and maintenance, BC offers effective and robust data transfer solutions without incorporating intermediaries over the distributed network. With the increased SDN‐BC convergence in the IoT domain, the underlying challenges and perspectives deserve proper attention methodically and structurally. From the motivation of addressing such issues, this study provides necessary insights to combine those for successful plug‐and‐play. Therefore, the study includes purposefully investigating current state‐of‐the‐art to extract the research trends, future directions, and perspectives in this domain. This study provides a comprehensive survey of IoT, SDN, NFV, and BC‐enabled emerging technologies. More importantly, the authors intelligently integrated the four different technologies—IoT, SDN, BC, and NFV based on characteristics, scopes, challenges, taxonomies, and tables in numerous areas. Initially, the authors introduce the SDN‐IoT ecosystem in brief and address the features and applications. We took a close look at the SDN's overall taxonomy based on security, environment, scopes, and challenges. We also briefly describe the integration of SDN‐IoT with the NFV ecosystems. Moreover, we review the prospect of BC technology from security perspectives, its extent, challenges of practical implementation, and the possible integration of IoT regarding smart applications. Finally, this study highlights several future directions based on these technologies.