Towards a systematic understanding of blockchain governance in proposal voting: A dash case study

【Author】 Mosley, Lawrence; Hieu Pham; Guo, Xiaoshi; Bansal, Yogesh; Hare, Eric; Antony, Nadia

【Source】BLOCKCHAIN-RESEARCH AND APPLICATIONS

【影响因子】

【Abstract】The transparent and immutable nature of blockchain provides incentives for organizations wishing to create and implement an open, decentralized governance structure. As members exercise their voting rights, a fault-tolerant record accumulates on the blockchain that can be analyzed to diagnose and intercept potential threats to the governing body. To date, there has not been a systematic study of on-chain governance with respect to voting. In this paper, we provide an analysis of blockchain governance through a case study of the first cryptocurrency to adopt on-chain voting, Dash. Our analysis introduces the key characteristics of blockchain governance, steps through a data-driven exploration of Dash's on-chain voting system, and highlights exploitable attack vectors and vulnerabilities for the subversion of Dash's on-chain voting system via a novel network analysis methodology. We then conclude with guidelines for other organizations looking to implement similar blockchain governance solutions while maintaining integrity in their operations.

【Keywords】Decentralized governance; Blockchain; Voting systems; Data mining; Network analysis

【发表时间】2022 SEP

【收录时间】2023-02-12

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-社会网络