The IoT Exchange
Oleg Berzin, Rafael Ansay, James Kempf, Imam Sheikh, and Doron Hendel

TL;DR
The paper proposes the IoT Exchange, a decentralized platform for secure, flexible, and privacy-preserving data sharing and device management in the IoT ecosystem, inspired by early Internet exchange concepts.
Contribution
It introduces the IoT Exchange architecture utilizing decentralized identifiers and verifiable credentials for enhanced security, privacy, and interoperability in IoT data and device management.
Findings
Decentralized identifiers improve identity management.
Verifiable credentials enable privacy-preserving access control.
The system facilitates cross-platform IoT data exchange.
Abstract
The IoT ecosystem suffers from a variety of problems around security, identity, access control, data flow and data storage that introduce friction into interactions between various parties. In many respects, the situation is similar to the early days of the Internet, where, prior to the establishment of Internet Exchanges, routing between different BGP autonomous systems was often point to point. We propose a similar solution, the IoT Exchange, where IoT device owners can register their devices and offer data for sale or can upload data into the IoT services of any of the big hyperscale cloud platforms for further processing. The goal of the IoT Exchange is to break down the silos within which device wireless connectivity types and cloud provider IoT systems constrain users to operate. In addition, if the device owner needs to maintain the data close to the edge to reduce access…
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Taxonomy
TopicsFinTech, Crowdfunding, Digital Finance
