arXiv (Cornell University) · 2014 · 10 citations · 0 references
ComputingComputer ScienceInformation TechnologyBankingInternet Of ThingsNetwork SecurityIot Communication ProtocolsIot NetworkingIot SensorsPayment SecurityPayment SystemsSensor NetworksBusiness Model PatternsElectronic Cash ProtocolsInternet Of Things ApplicationsInternet Of Things SensingInternet Of Things SensorsOnline Payment SystemsSecure Payment SystemsSensor-based Identification
Sensing-as-a-Service (S2aaS) is an emerging Internet of Things (IOT) business\nmodel pattern. To be technically feasible and to effectively allow for broad\nadoption, S2aaS implementations have to overcome manifold systemic hurdles,\nspecifically regarding payment and sensor identification. In an effort to\novercome these hurdles, we propose Bitcoin as protocol for S2aaS networks. To\nlay the groundwork and start the conversation about disruptive changes that\nBitcoin technology could bring to S2aaS concepts and IOT in general, we\nidentify and discuss the core characteristics that could drive those changes.\nWe present a conceptual example and describe the basic process of exchanging\ndata for cash using Bitcoin.\n