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Risky business: motivations for markets in programmable networks

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posted on 2023-06-07, 14:16 authored by Ian WakemanIan Wakeman, David Ellis, Tim Owen, Julian Rathke, Des Watson
We believe that the problems of safety, security and resource usage combine to make it unlikely that programmable networks will ever be viable without mechanisms to transfer risk from the platform provider to the user and the programmer. However, we have well established mechanisms for managing risk - markets. In this paper we argue for the establishment of markets to manage the risk in running a piece of software and to ensure that the risk is reflected on all the stakeholders. We describe a strawman architecture for third party computation in the programmable network. Within this architecture, we identify two major novel features:- Dynamic price setting, and a reputation service. We investigate the feasibility of these features and provide evidence that a practical system can indeed be built. Our contributions are in the argument for markets providing a risk management mechanism for programmable networks, the development of an economic model showing incentives for developing better software, and in the first analysis of a real transaction graph for reputation systems from an Internet commerce site.

History

Publication status

  • Published

Publisher

Springer Verlag

Volume

2982

Page range

266-279

Book title

Active Networks: in Proceedings of 5th International Workshop IWAN 2003, Kyoto, Japan

Place of publication

New York, USA

ISBN

9783540212508

Series

Lecture Notes in Computer Science

Department affiliated with

  • Informatics Publications

Notes

Publisher's version available at official url

Full text available

  • Yes

Peer reviewed?

  • Yes

Editors

Naoki Wakamiya, James P. G. Sterbenz, Marcin Solarski

Legacy Posted Date

2007-08-15

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