Incentive Mechanism Design for Trust-Driven Resources Trading in Computing Force Networks: Contract Theory Approach

Recently, Computing Force Networks (CFNs) have emerged to deeply integrate and flexibly schedule multi-layer, multi-domain, distributed, and heterogeneous computing force resources. CFNs build a resources trading platform between consumers and providers, facilitating efficient resource sharing. Therefore, resources trading is an important issue but it faces some challenges. Firstly, because all kinds of large-scale and small-scale resource providers are distributed in a wide area and the number of consumers is larger compared with edge/cloud computing scenarios, the credibility of consumers and providers is hard to guarantee. Secondly, due to market monopolies by large resource providers, fixed pricing strategies, and information asymmetry, both consumers and providers exhibit a low willingness to engage in resources trading. To solve these challenges, the paper proposes an incentive mechanism for trust-driven resources trading to guarantee trusted and efficient resources trading. We first design a trust guarantee scheme based on reputation evaluation, blockchain, and trust threshold setting. Then, the proposed incentive scheme can dynamically adjust prices and enable the platform to provide appropriate rewards based on providers’ classified types and contributions. We formulate an optimization problem aiming at maximizing the trading platform’s utility and obtaining an optimal contract based on individual rationality and incentive compatible constraints. Simulation results verify the feasibility and effectiveness of our scheme, highlighting its potential to reshape the future of computing resource management, increase overall economic efficiency, and foster innovation and competitiveness in the digital economy.

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Publication Details

Journal
IEEE Transactions on Network and Service Management
Published
2024-11-18
DOI
https://doi.org/10.1109/tnsm.2024.3490734
Citations
4
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
3.12
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article

Incentive Mechanism Design for Trust-Driven Resources Trading in Computing Force Networks: Contract Theory Approach

Renchao Xie, Wenzheng Wang, Tao Sun, Qinqin Tang et al.
4 citations
IEEE Transactions on Network and Service Management
Blockchain Technology Applications and Security
3.12
article

Incentive Mechanism Design for Trust-Driven Resources Trading in Computing Force Networks: Contract Theory Approach

Renchao Xie, Wenzheng Wang, Tao Sun, Qinqin Tang, Xiaodong Duan, Tao Huang, F. Richard Yu, Wen Wen, Lu Lu
article en
4 citations

Abstract

Recently, Computing Force Networks (CFNs) have emerged to deeply integrate and flexibly schedule multi-layer, multi-domain, distributed, and heterogeneous computing force resources. CFNs build a resources trading platform between consumers and providers, facilitating efficient resource sharing. Therefore, resources trading is an important issue but it faces some challenges. Firstly, because all kinds of large-scale and small-scale resource providers are distributed in a wide area and the number of consumers is larger compared with edge/cloud computing scenarios, the credibility of consumers and providers is hard to guarantee. Secondly, due to market monopolies by large resource providers, fixed pricing strategies, and information asymmetry, both consumers and providers exhibit a low willingness to engage in resources trading. To solve these challenges, the paper proposes an incentive mechanism for trust-driven resources trading to guarantee trusted and efficient resources trading. We first design a trust guarantee scheme based on reputation evaluation, blockchain, and trust threshold setting. Then, the proposed incentive scheme can dynamically adjust prices and enable the platform to provide appropriate rewards based on providers’ classified types and contributions. We formulate an optimization problem aiming at maximizing the trading platform’s utility and obtaining an optimal contract based on individual rationality and incentive compatible constraints. Simulation results verify the feasibility and effectiveness of our scheme, highlighting its potential to reshape the future of computing resource management, increase overall economic efficiency, and foster innovation and competitiveness in the digital economy.

IEEE Transactions on Network and Service ManagementVol. 22(1)
Beijing University of Posts and Telecommunications (CN), China Mobile (China) (CN), Carleton University (CA)
Partnerships for the goals
Openalex Percentile: Top 7%
Blockchain Technology Applications and Security
3.12
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