A Distributed Fewer Environment for the Use of Blockchain IoT Device Sharing

Abstract

Due to the fact that the data markets become ubiquitous, it also becomes apparent that Internet of Things (IoT) applications produce data sources that are of benefit for future third party users. We are creating a marketplace for IoT data sources, allowing any pair of data providers and customers to participate in data transactions without any previous dependence on the shared trusts, to unlock those possible utility. We have a marketplace and architecture for the exchanging of streaming data, ranging from data publicity to legally binding exchange deals and payments. We prove that we can give participants an interchange of costs between the transactional data exchange and the possibility of loss of data when trading through unreliable third parties, through the use of blockchained technologies and smart contracts, in particular. On a test platform using Crypto currency Smart Contracts, we analyze these agreements experimentally.