Fair Auction and Trade Framework for Cloud VM Allocation based on Blockchain
This addresses fairness issues in cloud resource allocation for cloud providers and users, offering a novel decentralized solution.
The paper tackles the problem of ensuring fairness in cloud VM auctions by proposing a decentralized framework based on blockchain, which guarantees auction and trade fairness for participants like cloud providers and users, and demonstrates feasibility through experimental simulations on local and Ethereum test blockchains.
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.