Smart Contract-based Hierarchical Auction Mechanism for Edge Computing in Blockchain-empowered IoT

Author(s):  
Hui Lin ◽  
Zetao Yang ◽  
Zicong Hong ◽  
Shenghui Li ◽  
Wuhui Chen
2020 ◽  
Vol 2 (1) ◽  
pp. 92
Author(s):  
Rahim Rahmani ◽  
Ramin Firouzi ◽  
Sachiko Lim ◽  
Mahbub Alam

The major challenges of operating data-intensive of Distributed Ledger Technology (DLT) are (1) to reach consensus on the main chain as a set of validators cast public votes to decide on which blocks to finalize and (2) scalability on how to increase the number of chains which will be running in parallel. In this paper, we introduce a new proximal algorithm that scales DLT in a large-scale Internet of Things (IoT) devices network. We discuss how the algorithm benefits the integrating DLT in IoT by using edge computing technology, taking the scalability and heterogeneous capability of IoT devices into consideration. IoT devices are clustered dynamically into groups based on proximity context information. A cluster head is used to bridge the IoT devices with the DLT network where a smart contract is deployed. In this way, the security of the IoT is improved and the scalability and latency are solved. We elaborate on our mechanism and discuss issues that should be considered and implemented when using the proposed algorithm, we even show how it behaves with varying parameters like latency or when clustering.


Author(s):  
Yu Du ◽  
Zhe Wang ◽  
Jun Li ◽  
Long Shi ◽  
Dushantha Nalin K Jayakody ◽  
...  

Author(s):  
Jer Shyuan ◽  
w Lim ◽  
Zehui Xiong ◽  
Tao Dusit Niyato ◽  
Cyril Leung ◽  
...  

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