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Thanks to this commodity market platform, users can bid on available computing capacity or invite a tender for a specific computing time slot. According to the researchers, the platform developed by GridEcon enables this spot and future market mechanism. The GridEcon partners developed a virtual trading floor for computing resources. The platform allows validation of new market-based services.

GridEcon’s main objective was to improve the functionality of existing grid technology with respect to its capability to allow for the economics-aware operation of grid applications, according to the partners.

The difference between what GridEcon offers and what emerged in the past is that the latter typically offered only their spare capacity. GridEcon’s platform is open, giving users the opportunity to buy and sell computing capacity on their own terms. It also allows buyers to be sellers. A company can offer its spare capacity if it has a large computer park, but it can also bid for increased capacity if it needs it.

‘One of our key goals with the platform was to make it easy to use and set up,’ said GridEcon’s technical director, Prof. Jörn Altmann. ‘So this workflow engine hides the underlying complexity of the system, because we did not want the user to have to deal with that.’

I read this article and found it quite intestering and it reminded me of a discussion with a colleague who works in data and my own thoughts about Rendezvous buying DataSynapse, could we have multicast high availability market access and market data grid solutions on the way? We’ll have to see, do check out the article.

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