SocChain: Blockchain with Swift Proportional Governance for Bribery Mitigation
Blockchain governance is paramount to leading securely a large group of users towards the same goal without disputes about the legitimacy of a blockchain instance over another. As of today, there is no efficient way of protecting this governance against an oligarchy. This paper aims to offer a new d...
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Zusammenfassung: | Blockchain governance is paramount to leading securely a large group of users
towards the same goal without disputes about the legitimacy of a blockchain
instance over another. As of today, there is no efficient way of protecting
this governance against an oligarchy. This paper aims to offer a new dimension
to the security of blockchains by defining the Swift Proportional Governance
problem. This problem is to rapidly elect governance users that proportionally
represent voters without the risk of dictatorship. We then design and implement
an open permissioned blockchain called SocChain (Social Choice Blockchain) that
mitigates bribery by building upon results in social choice theory. We deploy
SocChain and evaluate our new multi-winner election DApp running on top of it.
Our results indicate that using our DApp, 150 voters can elect a proportionally
representative committee of 150 members within 5 minutes. Hence we show that
SocChain can elect as many representatives as members in various global
organizations. |
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DOI: | 10.48550/arxiv.2207.02711 |