Internet of Things (IoT) systems today tend to be built around the concept of IoT/cloud convergence, integrating heterogeneous data streams within cloud infrastructures and thus benefitting from the scalability, performance and capacity of the cloud. This approach is very efficient for certain IoT applications such as those applicable to big data processing. However, these architectures promote a centralized data collection and processing approach, which introduces several limitations in terms of the supported applications and business models they enable.
The main goal of M-Sec project is to empower IoT stakeholders to develop, deploy and operate novel IoT applications based on a scalable highly decentralized paradigm, which facilitates incentivized peer-to-peer interactions between objects and people. Based on a defined social context, the project explores semantically interoperable interactions between people and objects
beyond simple peer-to-peer information exchange and internetworking. Overall, the M-Sec paradigm will enable introduction and implementation of specific classes of applications and services that are not efficiently supported by state-of-the-art architectures. The M-Sec project will deliver a set of main concrete, added value results:
• M-Sec distributed, self-organized, robust and trusted IoT infrastructure that empowers IoT stakeholders to develop, deploy and operate novel multipurpose IoT applications for smart cities on top of smart objects
• An open IoT market of applications, data and services that provides the framework upon which objects and people can exchange value and defines the motivation incentives for humans and smart objects to interact
• A sustainable ecosystem of stakeholders, roles, tools and infrastructures upon which new entrants and other players can build and experiment with the future application services
• A parameterized model enabling further replication of the M-Sec approach and guaranteed return on investment and benefits.