Blockchain Edge Computing Marketplace for Latency Reduction
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Solution Overview
Problem
Current serverless computing and edge computing systems face challenges in managing distributed computing resources efficiently, particularly in handling vast amounts of data from IoT devices, leading to increased costs and latency due to reliance on centralized cloud systems.
Innovation Solution
A blockchain-based edge computing marketplace platform that tokenizes and monetizes distributed IT infrastructure, allowing developers and providers to transact computing resource consumption on a peer-to-peer network, utilizing smart meters and a Workload Allocation Cube (WAC) algorithm for resource measurement and smart contracts for transaction validation.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If centralized cloud systems are used to manage distributed computing resources, then resource management is simplified, but latency and costs increase
Solution Approach 1:
The patent segments the centralized cloud management architecture into distributed autonomous nodes across the network. Each node independently manages its own computing resources and participates in resource allocation through blockchain-based smart contracts, eliminating the single-point latency of centralized cloud systems while maintaining coordinated resource management through decentralized consensus mechanisms.
2Ease of operation
If centralized cloud systems are used to manage distributed computing resources, then resource allocation is streamlined, but costs increase
Solution Approach 1:
The patent implements self-service resource allocation through autonomous smart contracts that automatically match computing resource supply with demand based on predefined criteria. Nodes independently negotiate and execute resource transactions without centralized intermediary fees, enabling streamlined allocation through automated market mechanisms while reducing costs by eliminating cloud provider markups and intermediary charges.
3Loss of time
If decentralized peer-to-peer network is used for computing resources, then latency and costs are reduced, but system complexity increases
Solution Approach 1:
The patent introduces blockchain-based smart contracts as intermediary mechanisms that automate complex coordination tasks in the decentralized network. These smart contracts serve as programmable intermediaries that handle resource allocation, transaction validation, and consensus达成 without requiring direct complex peer-to-peer negotiations between nodes, thereby reducing system complexity while maintaining decentralized low-latency benefits.
4Loss of energy
If decentralized peer-to-peer network is used for computing resources, then storage costs are reduced, but management complexity increases
Solution Approach 1:
The patent applies preliminary action by pre-configuring smart contracts with resource allocation rules, pricing mechanisms, and validation criteria before deployment. This advance preparation automates ongoing management tasks, allowing nodes to execute resource transactions based on pre-established protocols rather than requiring complex real-time management decisions, thereby reducing storage costs through decentralized implementation while minimizing management complexity through automation.
Data Source
AI summary
Systems and methods for managing distributed computing resources including blockchain-based management of serverless computing and edge computing. Distributed computing resources are managed on a peer-to-peer network, and serverless functions are hosted on a distributed IT infrastructure. Developers for the serverless functions and providers of distributed IT infrastructure utilize a blockchain-based IT marketplace platform to make transactions relating to computing resource consumption.