A Decentralized IoT Data Marketplace

Abstract

This paper proposes an architecture for dynamic decentralized marketplace for trading of Internet of Things data. To this end, we introduce a 3-tier framework which consists of provider, consumer and broker. The framework is realized using multiple trustless broker which matches and selects potential data provider based on the consumers requirements. Rather than using a centralized server to manage the contract between provider and consumer, the framework leverages smart contract-based agreement for automatically enforcing the terms of the contract to the involved parties.