Smart Machine Bidding: An incentive solution for automated data transmission settlement in IoT networks
AI & Big Data Expo [Europe 2019]
Wednesday, July 19 at 12:40pm
Location: RAI Amsterdam, Europaplein 2-22, 1078 GZ
LPWAN (Low Power Wide Area Network) technology can be used together with blockchains as an infrastructure for IoT. This combination automates machine to machine transactions and provides a device data economy (e.g. in MXProtocol). Smart Machine Bidding (SMB), provides an incentive solution to automate the payments related to the flow of IoT devices data.
By SMB, each gateway can offer different bids on its data transmission cost. The LPWAN devices can smartly choose a gateway to transmit their data with. Data-driven algorithms are also used in the SMB to automate and optimize the procedure.
In general, the SMB helps to provide a cost-effective shared LPWAN which both gateway owners and device owners can profit from. In this talk, SMB procedure, its applications, and corresponding data-driven algorithms will be discussed.
Can’t make it to the talk? Then download the Smart Machine Bidding White Paper to learn more.