Resource allocation for edge computing-based blockchain: A game theoretic approach

Wenlong Guo, Zheng Chang, Xijuan Guo, Dushnatha Nalin K. Jayakody, Tapani Ristaniemi

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Blockchain has been progressively applied to various Internet of Things (IoT) platforms. As the efficiency of the blockchain depends on its computing capability, how to make sure the acquisition of the computational resources and participation of the devices would be the driving force. In this work, an edge computing-based blockchain network is considered, where the edge service provider (ESP) offers computational resources for the miners. The focus is to investigate an efficient incentive mechanism for the miners to purchase the computational resources. Accordingly, a two-stage Stackelberg game is formulated between the miners and ESP. By exploring the Stackelberg equilibrium of the optimal mining strategy under two different mining schemes. The aim is to find the optimal incentive for the ESP and miners to choose auto-fit strategies. Through theoretical analysis and numerical simulation, we demonstrate the effectiveness of the proposed scheme on encouraging devices to participate the Blockchain.

Original languageEnglish
Title of host publication2020 IEEE International Conference on Communications Workshops, ICC Workshops 2020 - Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781728174402
DOIs
Publication statusPublished - Jun 2020
Event2020 IEEE International Conference on Communications Workshops, ICC Workshops 2020 - Dublin, Ireland
Duration: 7 Jun 202011 Jun 2020

Publication series

Name2020 IEEE International Conference on Communications Workshops, ICC Workshops 2020 - Proceedings

Conference

Conference2020 IEEE International Conference on Communications Workshops, ICC Workshops 2020
CountryIreland
CityDublin
Period7.6.2011.6.20

ASJC Scopus subject areas

  • Artificial Intelligence
  • Computer Networks and Communications
  • Signal Processing
  • Information Systems and Management
  • Control and Optimization

Fingerprint Dive into the research topics of 'Resource allocation for edge computing-based blockchain: A game theoretic approach'. Together they form a unique fingerprint.

Cite this