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Achieving Secure and Efficient P2P Data Trading based on Blockchain for Internet of Things

Published: 30 May 2022 Publication History

Abstract

The intelligence of the information era is accomplished through data sharing, which enables us to perform more insightful analysis and make better decisions. However, traditional data trading systems are typically centralized managed with high operating costs and associated risk of single point of failure. Furthermore, it is going to be increasingly more common to see malicious data and behavior during the transactions. This paper proposes a P2P data trading scheme based on blockchain for Internet of Things (IoT). The proposed scheme provides an efficient negotiated pricing model in the data trading process. Chameleon hashing algorithm has been adopted to advance the robustness of the trading scheme by detecting malicious data on the chain and implementing error correction and loss control. Additionally, information entropy is incorporated as data privacy measurement. The security analysis and experimental results show that the proposed data trading scheme is secure and efficient.

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Cited By

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  • (2023)ViSDM 1.0: Vision Sovereignty Data Marketplace a Decentralized Platform for Crowdsourcing Data Collection and TradingProceedings of the 2023 ACM Conference on Information Technology for Social Good10.1145/3582515.3609556(374-383)Online publication date: 6-Sep-2023

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      cover image ACM Conferences
      BSCI '22: Proceedings of the Fourth ACM International Symposium on Blockchain and Secure Critical Infrastructure
      May 2022
      153 pages
      ISBN:9781450391757
      DOI:10.1145/3494106
      Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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      Published: 30 May 2022

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      Author Tags

      1. blockchain
      2. chameleon hash
      3. data pricing
      4. data trading
      5. smart contract

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      • Short-paper

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      • the science and technology project of State Grid Corporation of China ?Research on Information Security Supporting and Identity Management Key Technologies for Energy and Power Blockchains?

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      ASIA CCS '22
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      Overall Acceptance Rate 44 of 12 submissions, 367%

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      • (2023)ViSDM 1.0: Vision Sovereignty Data Marketplace a Decentralized Platform for Crowdsourcing Data Collection and TradingProceedings of the 2023 ACM Conference on Information Technology for Social Good10.1145/3582515.3609556(374-383)Online publication date: 6-Sep-2023

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