When your sensor earns money

Abstract

Bitcoin is an emerging technology which allows two entities to exchange value overt the Internet without trust. Embracing that those entities could well be machines we present a system that allows a sensor to offer its measurement data directly to a world-wide data market. Based on the concept introduced in Noyen et al [1], we describe a prototypical implementation of the process of exchanging data for electronic cash between a sensor and a requester by leveraging the Bitcoin network and discuss its current limitations.