Privacy-preserving Auction Design for Allocating Dynamically Priced Cloud Resources

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PADS is a strategy-proof differentially private auction mechanism designed to allow cloud providers to trade resources with consumers in such a way that individual bidding information of the consumers do not get exposed through the auction mechanism. PADS provides differential privacy and approximate truthfulness guarantees while maintaining good performance in terms of revenue earned and allocation efficiency.

What is the challenge?

How the System Works?