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- W4226460968 abstract "In this chapter, we mainly investigate the trading between the cloud/fog computing service provider (CFP) and the computationally lightweight devices, i.e., miners. From the system perspective, we aim to maximize the social welfare, which is the total utility of the CFP and all miners in the blockchain network. Social welfare can be interpreted as the system efficiency [1]. For an efficient and sustainable business ecosystem, there are some critical issues about cloud/fog resources allocation and pricing for the service provider. First, which miner can be offered the computing resources? Too many miners will cause service congestion and incur high operation costs to the service provider. By contrast, a tiny group of miners may erode the integrity of the blockchain network. Second, how to set a reasonable service price for miners such that they can be incentivized to undertake the mining tasks? The efficient method is to set up an auction where the miners can actively submit their bids to the CFP for decision making. We should also consider how to make miners truthfully expose their private valuation. A miner’s valuation on the computing service is directly related to its privately collected transactional data, which determines its expected reward from the blockchain. We propose an auction-based cloud/fog computing resource market model for blockchain networks to address the above questions." @default.
- W4226460968 created "2022-05-05" @default.
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- W4226460968 date "2021-11-27" @default.
- W4226460968 modified "2023-09-26" @default.
- W4226460968 title "Auction Mechanisms in Cloud/Fog Computing Resource Allocation for Public Blockchain Networks" @default.
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- W4226460968 doi "https://doi.org/10.1007/978-981-16-7353-5_4" @default.
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