Fair Auction and Trade Framework for Cloud VM Allocation based on Blockchain

TL;DR

This paper introduces a decentralized blockchain-based framework for cloud VM auctions that ensures fairness among participants without relying on a trusted auctioneer, demonstrated through implementation and simulations.

Contribution

It presents the first decentralized blockchain-based cloud VM auction framework that guarantees fairness for all participants.

Findings

System implementation on local and Ethereum test blockchain

Experimental simulations confirm system feasibility

Guarantees fairness for cloud providers and users

Abstract

Cloud auctions provide cost-effective strategies for cloud VM allocation. Most existing cloud auctions simply assume that the auctioneer is trustable, and thus the fairness of auctions can be easily achieved. However, in fact, such a trustable auctioneer may not exist, and the fairness is non-trivial to guarantee. In this work, for the first time, we propose a decentralized cloud VM auction and trade framework based on blockchain. We realize both auction fairness and trade fairness among participants (e.g., cloud provider and cloud users) in this system, which guarantees the interest of each party will not suffer any loss as long as it follows the protocol. Furthermore, we implement our system through the local blockchain and Ethereum official test blockchain, carry out experimental simulations, and demonstrate the feasibility of our system.