A privacy-aware and fair self-exchanging self-trading scheme for IoT data based on smart contract

Abstract

With the development of the era of big data, the demand for data sharing and usage is increasing, especially in the era of the internet of things, thus putting forward a keen demand for data exchanging and data trading. However, the existing data exchanging and trading platforms are usually centralised and users have to trust platforms. This paper proposes a secure and fair exchanging and trading protocol based on blockchain and smart contracts, especially, self-governance without relying on centralised trust. By using the protocol, it can guarantee fairness to defend against trade cheating, and security for data confidentiality. It can also guarantee efficiency by transferring data links instead of data between data owners and data buyers. The extensive analysis justified that the proposed scheme can facilitate self-exchanging and self-trading for big data in a secure, fair and efficient manner.