Distributed Contracting and Monitoring in the Internet of Services

The recent approval of the EU Services Directive is fostering the Internet of Services (IoS) and will promote the emergence of marketplaces for business and real-world services. From a research perspective, the IoS will require a new bread of technological infrastructures to support the concepts of business service description, contract management from various perspectives, end-to-end marketplaces, and business monitoring. The IoS is a vision referring to web service-based digital societies. When service hosting moves from best-effort provisioning to guaranteed service delivery, monitoring becomes a crucial point of proof for providers and consumers of such services. We present the uplifting of technical contract monitoring results to business effects based on the distributed service infrastructure developed in project THESEUS, use case TEXO.