Blockcloud is a “universal overlay”: Blockcloud can run over anything, including IP. Thus Blockcloud’s advantages in service distribution, application-friendly communication and naming, robust security, mobility and broadcast can be realized incrementally and relatively painlessly.
The contribution of this paper is as follows.
- Blockcloud, a new service-centric blockchain architecture to systematically address mobility, scalability, trust, security, fairness and incentive problems of IoT.
- They design proof-of-service consensus for reliable verification of IoT services.
- They develop CoDAG for fast recording of IoT transactions.
- They devise TCDA for fair pricing and matching of services.
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