MANAGING RESOURCE SHARING AND TASK BIDDING ON THE INTERNET OF THINGS (IoT)

A sourcing interface enables a particular device communicatively connected on a network to share one or more resources of the particular device with other devices communicatively connected to the network and coordinate task bidding with the other through broadcasting requests on the network. The sourcing interface manages dispatch of a particular task to one or more selected devices, the one or more selected devices selected based on one or more bids received by the particular device that best match a service level of particular request by the particular device, the dispatched task migrated to the one or more selected devices instead of handled by a web service provider. The sourcing interface monitors, at the particular device, for a result of execution of the particular task from the one or more selected devices, the one or more selected devices collecting telemetry data for usage reporting to the web service provider.