When your sensor earns money

Dominic Wörner, Thomas von Bomhard · 2014

Bitcoin is an emerging technology which allows two entities to exchange value overt the Internet without trust. Embracing that those entities could well be machines we present a system that allows a sensor to offer its measurement data directly to a world-wide data market. Based on the concept introduced in Noyen et al [1], we describe a prototypical implementation of the process of exchanging data for electronic cash between a sensor and a requester by leveraging the Bitcoin network and discuss its current limitations.

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