Computing Resources Market in Grid and Cloud Based on Contract Management

With the development of information technologies and the popularity of on-line shopping, a special market where people can trade computing resources easily and safely has been focused on recently. The architecture of such a market in economic Grid environment is overall presented and discussed in this paper. Some efficient management mechanisms, including contract constrain, third-party depository service, dynamic reputation evaluation and dynamic price fluctuation, are employed into this market and proved to be important roles in regulating trading activities and keeping the market in healthy operations. Furthermore, the computing resources market in Cloud environment is also proposed and preliminarily discussed in this paper.