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When your sensor earns money: exchanging data for cash with Bitcoin

Published:13 September 2014Publication History

ABSTRACT

Bitcoin is an emerging technology which allows two entities to exchange value overt the Internet without trust. Embracing that those entities could well be machines we present a system that allows a sensor to offer its measurement data directly to a world-wide data market. Based on the concept introduced in Noyen et al [1], we describe a prototypical implementation of the process of exchanging data for electronic cash between a sensor and a requester by leveraging the Bitcoin network and discuss its current limitations.

References

  1. Bitcoin Wiki. Contracts, 2014. {Online; accessed 26-May-2014}.Google ScholarGoogle Scholar
  2. Satoshi Nakamoto. Bitcoin: A peer-to-peer electronic cash system, 2008. {Online; accessed 26-May-2014}.Google ScholarGoogle Scholar

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  1. When your sensor earns money: exchanging data for cash with Bitcoin

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        cover image ACM Conferences
        UbiComp '14 Adjunct: Proceedings of the 2014 ACM International Joint Conference on Pervasive and Ubiquitous Computing: Adjunct Publication
        September 2014
        1409 pages
        ISBN:9781450330473
        DOI:10.1145/2638728

        Copyright © 2014 Owner/Author

        Permission to make digital or hard copies of part or all 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 third-party components of this work must be honored. For all other uses, contact the Owner/Author.

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        Association for Computing Machinery

        New York, NY, United States

        Publication History

        • Published: 13 September 2014

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        Overall Acceptance Rate764of2,912submissions,26%

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