Optimal Resource Allocation by Reverse Stackelberg Game Approach in Blockchain

Abstract

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With the increase in Internet of Things (IoT) devices, data produced by these devices is also increasing. For its trusted use, security of the IoT data is very important. Nowadays, blockchain is a contemporary technology which is used in various fields for providing security. But the mining task of the blockchain is very computation intensive. So, there exist dependency on resource providers like near-by devices, edge network for providing resources to the miners for the task of computations. In our proposed framework, bidding of the resources is done by the miners from near-by devices and edge network. Reverse stackelberg game and auction mechanism are used to reach optimality of the decisions. Nash equilibrium is also achieved. Less storage is consumed by few blocks of the blockchain network as meta data is stored in some blocks. Experimental evaluation is done to compute average delay and net profit.