Decentralized Blockchain-Based IoT Data Marketplaces

Abstract

In present times, the largest amount of data is being controlled in a centralized manner. However, as the data are in essence the fuel of any application and service, there is a need to make the data more findable and accessible. Another problem with the data being centralized is the limited storage as well as the uncertainty of their authenticity. In the Internet of Things (IoT) sector specifically, data are the key to develop the most powerful and reliable applications. For these reasons, there is a rise on works that present decentralized marketplaces for IoT data with many of them exploiting blockchain technology to offer security advantages. The main contribution of this work is to review the existing works on decentralized IoT data marketplaces and discuss important design aspects and options so as to guide (a) the prospective user to select the IoT data marketplace that matches their needs and (b) the potential designer of a new marketplace to make insightful decisions.

Keywords

• blockchain
• decentralized
• IoT
• marketplace
• smart contract
• real-time data