Blockchain-enabled auction for cloud resource provisioning: a survey on trust and economy

Ritu Singhal (), Varun Sharma (), Ishita Singhal () and Vikas Bansal ()
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Ritu Singhal: Indraprastha College of Women
Varun Sharma: Indraprastha College of Women
Ishita Singhal: I.P. University
Vikas Bansal: Netlink Digital Solutions

International Journal of System Assurance Engineering and Management, 2024, vol. 15, issue 7, No 1, 2787-2807

Abstract: Abstract Blockchain has become a game-changing technology in the dynamic world of technological breakthroughs, offering a variety of benefits to enterprises. The blockchain-enabled auction pricing model emerges as a promising approach to enhance trust and promote economic efficiency in Cloud Resource Provisioning (CRP). This review paper focuses on the advantages of implementing blockchain technology for the auctioning CRP as well as the obstacles that must be overcome. The potential to improve trust, auditing, compliance, economy, and sustainability in the online market by transforming traditional processes is examined in this article. This research reviews previous studies and surveys and compiles research efforts in CRP that use auction models with tamper-free blockchain technology. It reveals a compelling opportunity to introduce novelty and innovation to the industry's conventional centralized practices in the auctioning of CRP. This literature review provides an overview of the current state of research in this field, focusing on how blockchain technology coupled with auction pricing models can foster trust among stakeholders and optimize economic outcomes in cloud resource allocation. By analyzing recent studies, this paper identifies key trends, challenges, and opportunities for leveraging blockchain in cloud computing with an auction pricing model. The outcomes of the review survey will theoretically support the innovative application of the blockchain-enabled CRP auction for secure compliance across a range of businesses.

Keywords: Blockchain; Cloud resource provisioning; Auction; Resource allocation; Pricing scheme; Survey (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13198-024-02314-x

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