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In the era of Internet of Things, there is an increasing demand for networked computing to support the requirements of the time-constrained, compute-intensive distributed applications such as multi-camera video processing and data fusion for security. We present Jupiter, an open source networked computing system that inputs a Directed Acyclic Graph (DAG)-based computational task graph to efficiently distribute the tasks among a set of networked compute nodes regardless of their geographical separations and orchestrates the execution of the DAG thereafter. This Kubernetes container-orchestration-based system supports both centralized and decentralized scheduling algorithms for optimally mapping the tasks based on information from a range of profilers: network profilers, resource profilers, and execution time profilers. While centralized scheduling algorithms with global knowledge have been popular among the grid/cloud computing community, we argue that a distributed scheduling approach is better suited for networked computing due to lower communication and computation overhead in the face of network dynamics. To this end, we propose and implement a new class of distributed scheduling algorithms called WAVE on the Jupiter system. We present a set of real world experiments on two separate testbeds - one a world-wide network of 90 cloud computers across 8 cities and the other a cluster of 30 Raspberry pi nodes, over a simple networked computing application called Distributed Network Anomaly Detector (DNAD). We show that despite using more localized knowledge, a distributed WAVE greedy algorithm can achieve similar performance as a classical centralized scheduling algorithm called Heterogeneous Earliest Finish Time (HEFT), suitably enhanced for the Jupiter system.