Optimal Contract Design Under Asymmetric Information for Cloud-Enabled Internet of Controlled Things

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Juntao Chen and Quanyan Zhu

The development of advanced wireless communication technologies and smart embedded control devices makes everything connected, leading to an emerging paradigm of the Internet of Controlled Things (IoCT). IoCT consists of two layers of systems: cyber layer and physical layer. This work aims to establish a holistic framework that integrates the cyber-physical layers of the IoCT through the lens of contract theory.