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Grid Computing, the New Commodity

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Credit: GridEcon

The European Union-funded GridEcon project has developed a platform for trading computing resources and buying and selling standardized computing resources. GridEcon's commodity market platform allows users to bid on available computing capacity, or establish a tender for a specific computing time slot. The GridEcon platform is open, enabling users to buy and sell computing capacity as needed. For example, if a company has spare capacity, it can sell it to other users, but it also can buy additional capacity during busy times.

The GridEcon project has created a virtual trading floor for computing resources, a platform for validating new market-based services, and has published studies on the economics and mechanics of computing resource marketplaces. In addition, because of its open source design, if a company wants to develop another mechanism they can plug new functionality into the platform, enabling it to be used in a variety of potential market types.

"Our role was to build the platform and test it — and the results of our testing phase were indeed positive with respect to functionality and response times," says GridEcon project coordinator Sonja Klingert from the International University in Germany. "But it is there for somebody else to turn it into a commercial venture."

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Abstracts Copyright © 2009 Information Inc., Bethesda, Maryland, USA


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