Proceedings of the 14th ACM International Conference on Distributed and Event-Based Systems 2020
DOI: 10.1145/3401025.3401737
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Mechanisms for outsourcing computation via a decentralized market

Abstract: As the number of personal computing and IoT devices grows rapidly, so does the amount of computational power that is available at the edge. Many of these devices are often idle and constitute an untapped resource which could be used for outsourcing computation. Existing solutions for harnessing this power, such as volunteer computing (e.g., BOINC), are centralized platforms in which a single organization or company can control participation and pricing. By contrast, an open market of computational resources, w… Show more

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Cited by 4 publications
(1 citation statement)
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“…Existing solutions for harnessing this power, such as volunteer computing (e.g., BOINC), are centralized platforms in which an entity can control participation and pricing. MODiCuM [32], a distributed-ledger based platform for decentralized computation, offers a system for an open market of computational resources. It offers a smart contractbased protocol, incentivizing creators, and resource providers to join an open-market, allowing users to harness the computational power at the edge.…”
Section: Related Work a Internet Of Things And Task Assignmentmentioning
confidence: 99%
“…Existing solutions for harnessing this power, such as volunteer computing (e.g., BOINC), are centralized platforms in which an entity can control participation and pricing. MODiCuM [32], a distributed-ledger based platform for decentralized computation, offers a system for an open market of computational resources. It offers a smart contractbased protocol, incentivizing creators, and resource providers to join an open-market, allowing users to harness the computational power at the edge.…”
Section: Related Work a Internet Of Things And Task Assignmentmentioning
confidence: 99%