Towards a General Market for Cloud-Edge-IoT Continuum
Hao Che, Hong Jiang, Zhijun Wang

TL;DR
This paper advocates for a shift from vertical single-market platforms to horizontal multiple-marketplaces in cloud-edge-IoT environments, aiming to reduce lock-in and enhance market flexibility and growth.
Contribution
It proposes a novel horizontal market model with multiple independent marketplaces and brokers, contrasting with existing vertical single-market systems, to improve buyer choice and market scalability.
Findings
HMM overcomes VSM lock-in issues.
HMM enables incremental and organic market growth.
Use cases demonstrate HMM benefits.
Abstract
Recent years have witnessed the proposals aiming at enabling Vertical, two-sided markets with a Single Marketplace (or exchange) (VSMs) for computing and data resources/services (products) offerings in a multi-cloud and crowdsourced IoT-edge sensing environment. A VSM is designed vertically from bottom up with a broker being a built-in component of the marketplace. While preventing seller lock-in and improving efficiency and availability, a VSM suffers from a key weakness from a buyer's perspective, i.e., the broker and the corresponding marketplace lock-in, which may lead to suboptimal shopping experience for buyers, due to marketplace monopoly by the broker and limited choice of products in the marketplace. In this position paper, we argue that a Horizontal two-sided market with Multiple Marketplaces (HMM), resembling the global stock market, should be developed. In an HMM, different…
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Taxonomy
TopicsIoT and Edge/Fog Computing · Cloud Computing and Resource Management
