A self-governing, decentralized, extensible Internet of Things to share electrical power efficiently

An extensible, decentralized Internet of Things (IoT), with self-governing objects connected to a shared, variable power supply, is a realistic problem domain for certain demand-management problems arising in the context of future “smart homes” connected to smart power grids. A theoretical framework of such an IoT is presented and discussed in this paper. Each object of the IoT has a power demand and a priority, and it is interconnected and able to exchange information with all other objects in the system. As each object shares information (its power demand and priority) with the other objects, the system as a whole gains self-governance, or is able to be managed without a centralized controller. Our model of such an IoT also gives four applicable algorithms describing the behavior of the objects, along with analyses of correctness and performance.