A Reliable IoT Data Economic System Based on Edge Computing

I. Hsun Chuang, Tzu Chun Weng, Jen Sheng Tsai, Mong Fong Horng, Yau Hwang Kuo

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

IoT data economy is an emerging concept since sensing data are widely applied in various IoT services. To maintain the stability of data economic system, this paper proposes the Reliable IoT Data Economic System (RIDES) to provide IoT data a reliable, automatic, and intelligent trading environment. Applying the smart contract technique, IoT data in RIDES can be automatically traded without human intervention. As the trading procedure is performed based on blockchain, all transactions can be protected against tampering. Also, the RIDES provides the Smart Decision Making Module for users to develop practical pricing strategies. Thus, a seller can derive a price with the highest expected revenue for its data and a buyer can purchase its desired data referring to cost-performance ratio or data owner's trustworthiness. Even if malicious sellers cheat buyers, the latter can invoke trade dispute procedure to refund their payment, which makes the trading environment more reliable. As the blockchain-based operations usually cost much, the RIDES adopts the edge computing architecture to alleviate the burdens of IoT devices. Finally, the RIDES is implemented in IoT environments. The case study demonstrates that the transactions on IoT data can be performed correctly by RIDES.

Original languageEnglish
Title of host publication2018 IEEE 29th Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2018
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781538660096
DOIs
Publication statusPublished - 2018 Dec 18
Event29th IEEE Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2018 - Bologna, Italy
Duration: 2018 Sep 92018 Sep 12

Publication series

NameIEEE International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC
Volume2018-September

Other

Other29th IEEE Annual International Symposium on Personal, Indoor and Mobile Radio Communications, PIMRC 2018
CountryItaly
CityBologna
Period18-09-0918-09-12

All Science Journal Classification (ASJC) codes

  • Electrical and Electronic Engineering

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