1 research outputs found
Mechanisms for Outsourcing Computation via a Decentralized Market
As the number of personal computing and IoT devices grows rapidly, so does
the amount of computational power that is available at the edge. Since many of
these devices are often idle, there is a vast amount of computational power
that is currently untapped, and which could be used for outsourcing
computation. Existing solutions for harnessing this power, such as volunteer
computing (e.g., BOINC), are centralized platforms in which a single
organization or company can control participation and pricing. By contrast, an
open market of computational resources, where resource owners and resource
users trade directly with each other, could lead to greater participation and
more competitive pricing. To provide an open market, we introduce MODiCuM, a
decentralized system for outsourcing computation. MODiCuM deters participants
from misbehaving-which is a key problem in decentralized systems-by resolving
disputes via dedicated mediators and by imposing enforceable fines. However,
unlike other decentralized outsourcing solutions, MODiCuM minimizes
computational overhead since it does not require global trust in mediation
results. We provide analytical results proving that MODiCuM can deter
misbehavior, and we evaluate the overhead of MODiCuM using experimental results
based on an implementation of our platform