The IoT electric business model: Using blockchain technology for the internet of things

Nowadays, the development of traditional business models become more and more mature that people use them to guide various kinds of E-business activities. Internet of things (IoT), being an innovative revolution over the Internet, becomes a new platform for E-business. However, old business models c...

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Bibliographic Details
Published inPeer-to-peer networking and applications Vol. 10; no. 4; pp. 983 - 994
Main Authors Zhang, Yu, Wen, Jiangtao
Format Journal Article
LanguageEnglish
Published New York Springer US 01.07.2017
Springer Nature B.V
Subjects
Business
Communications Engineering
Computer Communication Networks
Contracts
Electronic commerce
Engineering
Information Systems and Communication Service
Internet
Internet of Things
Networks
Platforms
Redesign
Signal,Image and Speech Processing
Technology utilization
P2P trade
Internet of things
Bitcoin
Blockchain
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Summary:Nowadays, the development of traditional business models become more and more mature that people use them to guide various kinds of E-business activities. Internet of things (IoT), being an innovative revolution over the Internet, becomes a new platform for E-business. However, old business models could hardly fit for the E-business on the IoT. In this article, we 1) propose an IoT E-business model, which is specially designed for the IoT E-business; 2) redesign many elements in traditional E-business models; 3) realize the transaction of smart property and paid data on the IoT with the help of P2P trade based on the Blockchain and smart contract. We also experiment our design and make a comprehensive discuss.
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ISSN:1936-6442
1936-6450
DOI:10.1007/s12083-016-0456-1