A1 Journal article (refereed)
Incentive Mechanism for Edge-Computing-Based Blockchain (2020)

Chang, Z., Guo, W., Guo, X., Zhou, Z., & Ristaniemi, T. (2020). Incentive Mechanism for Edge-Computing-Based Blockchain. IEEE Transactions on Industrial Informatics, 16(11), 7105-7114. https://doi.org/10.1109/TII.2020.2973248

JYU authors or editors

Publication details

All authors or editors: Chang, Zheng; Guo, Wenlong; Guo, Xijuan; Zhou, Zhenyu; Ristaniemi, Tapani

Journal or series: IEEE Transactions on Industrial Informatics

ISSN: 1551-3203

eISSN: 1941-0050

Publication year: 2020

Volume: 16

Issue number: 11

Pages range: 7105-7114

Publisher: IEEE

Publication country: United States

Publication language: English

DOI: https://doi.org/10.1109/TII.2020.2973248

Publication open access: Not open

Publication channel open access:

Publication is parallel published (JYX): https://jyx.jyu.fi/handle/123456789/71307


Blockchain has been gradually applied to different Internet of Things (IoT) platforms. As the efficiency of the blockchain mainly depends on the network computing capability, how to make sure the acquisition of the computational resources and participation of the devices would be the driving force. In this work, we focus on investigating incentive mechanism for rational miners to purchase the computational resources. A edge computing-based blockchain network is considered, where the edge service provider (ESP) can provide computational resources for the miners. Accordingly, we formulate a two-stage Stackelberg game between the miners and ESP. The aim is to investigate Stackelberg equilibrium of the optimal mining strategy under the two different mining schemes, in order to find the optimal incentive for the ESP and miners to choose auto-fit strategies. Through theoretical analysis and numerical simulation, we can demonstrate the effectiveness of the proposed scheme on encouraging devices to participate the blockchain.

Keywords: blockchains; data mining; optimisation; game theory

Free keywords: blockchain; hash power; mining; computing; reporting; reward; Nash equilibrium; optimal incentive

Contributing organizations

Ministry reporting: Yes

Reporting Year: 2020

JUFO rating: 3

Last updated on 2022-20-09 at 13:22