Trading of cloud of things resources

Cloud Computing and Internet of Things (IoT) continue to emerge as revolutionary paradigms to support wide range of real world scenarios. They promise benefits for increasing number of applications, including health, smart cities, smart homes, smart logistics, video surveillance, energy and environmental monitoring. Independent deployments of each technology have issues that can be resolved partially or fully by integrating Cloud and IoT. This integration forms a new paradigm that is called Cloud of Things (CoT)supporting Everything as a Service (XaaS) service model. Despite the issues integration resolves, the integrated services will suffer from issues that Cloud and IoT offerings previously encountered. This includes interoperability, ambiguous SLAs, QoS, elasticity and reliability concerns. This paper argues that commoditising CoT resources will help resolving these issues. This paper aims to; 1) review the state-of-the-art in CoT literature 2) propose a conceptual model for CoT marketplace and its basic trading processes