UCL CBT Online Open Seminar

UCL CBT Online Open Seminar

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Free

Date and time

Location

Online event

Join us for these free access seminars promoted by the UCL CBT which aims at giving a voice to our Research and Industry community

About this event

Attendants will receive a link to the video conferencing platform closer to the seminar date.

Date: August 25

Time: 3.00 pm (UK time)

Place: Online

Speaker: Niklas Haeusle

Title: Collusion-Proof Decentralized Autonomous Organizations

Abstract: We develop a normative blueprint for an incentive-compatible and collusion-proof

decentralized autonomous organization (DAO). Incentive compatibility can be achieved

through staked tokens, a digital form of collateral that carries voting rights. Higher

stakes stimulate additional effort, but increase the risk of collusion. To be inherently

collusion proof, DAOs either require a high revenue or a sufficient degree of decentralization in combination with a large network size. If neither one of these conditions is

fulfilled, collusion can be precluded by confiscating the stake of malicious actors based

on stochastic voting and having voting power concentrated among a few key token

holders.

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