An IoT electric business model based on the protocol of bitcoin

Author

Yu Zhang ; Jiangtao Wen

Author_Institution

Tsinghua Univ., Beijing, China

fYear

2015

fDate

17-19 Feb. 2015

Firstpage

184

Lastpage

191

Abstract

Nowadays, the development of traditional business models become more and more mature that people use them to guide various kinds of E-business activities. Internet of things(IoT), being an innovative revolution over the Internet, becomes a new platform for E-business. However, old business models could hardly fit for the E-business on the IoT. In this article, we 1) propose an IoT E-business model, which is specially designed for the IoT E-business; 2) redesign many elements in traditional E-business models; 3) realize the transaction of smart property and paid data on the IoT with the help of P2P trade based on the Blockchain and smart contract. We also experiment our design and make a comprehensive discuss.

Keywords

Internet; Internet of Things; contracts; electronic commerce; electronic money; peer-to-peer computing; Blockchain; Internet; Internet of things; IoT electric business model; P2P trade; bitcoin protocol; e-business activities; paid data; smart contract; smart property; Companies; Cryptography; Data models; Internet; Proposals; Protocols; E-business model; Internet of things; bitcoin;

fLanguage

English

Publisher

ieee

Conference_Titel

Intelligence in Next Generation Networks (ICIN), 2015 18th International Conference on

Conference_Location

Paris

Type

conf

DOI

10.1109/ICIN.2015.7073830

Filename

7073830