Blockchain Papers

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802 papersLast indexed Aug 31, 2026
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May 30, 2024·arXiv
0 cites
BeerReview: A Blockchain-enabled Peer Review Platform

Guodong Jin, Zihan Zhou, Wenzheng Tang, Kanglei Yu · 6 authors

In an era of increasing concerns over intellectual property rights, traditional peer review systems face challenges including plagiarism, malicious attacks, and unauthorized data access. BeerReview, a blockchain-enabled peer review platform, offers a robust solution, enabling experts and scholars to participate actively in the review process without concerns about plagiarism or security threats. Following the completion of its alpha testing, BeerReview demonstrates the potential for expanded deployment. This platform offers improved convenience and more robust intellectual property protection within the peer review process with open source initiative.

Open access
cs.DC
cs.CY
Original source
May 22, 2024·arXiv
0 cites
Blockchain and Artificial Intelligence: Synergies and Conflicts

Leon Witt, Armando Teles Fortes, Kentaroh Toyoda, Wojciech Samek · 5 authors

Blockchain technology and Artificial Intelligence (AI) have emerged as transformative forces in their respective domains. This paper explores synergies and challenges between these two technologies. Our research analyses the biggest projects combining blockchain and AI, based on market capitalization, and derives a novel framework to categorize contemporary and future use cases. Despite the theoretical compatibility, current real-world applications combining blockchain and AI remain in their infancy.

Open access
cs.AI
cs.CY
cs.DC
Original source
May 19, 2024·arXiv (Cornell University)
2 cites
Securing Health Data on the Blockchain: A Differential Privacy and Federated Learning Framework

Daniel Commey, Sena Hounsinou, Garth V. Crosby

This study proposes a framework to enhance privacy in Blockchain-based Internet of Things (BIoT) systems used in the healthcare sector. The framework addresses the challenge of leveraging health data for analytics while protecting patient privacy. To achieve this, the study integrates Differential Privacy (DP) with Federated Learning (FL) to protect sensitive health data collected by IoT nodes. The proposed framework utilizes dynamic personalization and adaptive noise distribution strategies to balance privacy and data utility. Additionally, blockchain technology ensures secure and transparent aggregation and storage of model updates. Experimental results on the SVHN dataset demonstrate that the proposed framework achieves strong privacy guarantees against various attack scenarios while maintaining high accuracy in health analytics tasks. For 15 rounds of federated learning with an epsilon value of 8.0, the model obtains an accuracy of 64.50%. The blockchain integration, utilizing Ethereum, Ganache, Web3.py, and IPFS, exhibits an average transaction latency of around 6 seconds and consistent gas consumption across rounds, validating the practicality and feasibility of the proposed approach.

Open access
2 source records
cs.CR
cs.CY
cs.DC
Original source
May 17, 2024·arXiv
0 cites
IT Enabling Factors in a new Industry Design: Open Banking and Digital Economy

Carlos Alberto Durigan Junior, Kumiko Oshio Kissimoto, Fernando Jose Barbin Laurindo

The fourth industrial revolution promotes the integration of Information Technology (IT) and strategic resources. New IT demands and uses have been leading to changes in business processes and corporate governance. Lately, the financial industry has adopted a new integrated banking model known as Open Banking (OB) and the advent of cryptocurrencies has led to the Digital Economy (DE) materialization. Considering these facts, this paper expects to point out through literature review some IT enabling factors that allow the conception of a new industry design (or governance) specifically in the financial industry illustrated by the cases of the Open Banking and Digital Economy. This paper is structured mostly on literature review, accompanied by results, discussions, and finally, conclusions are presented. It was found five potential enabling factors. Keywords: Digital Economy, Information Technology (IT), Open Banking.

Open access
cs.CY
econ.GN
Original source
May 9, 2024·Rehak, Rainer (2019) A Trustless Society. A political look at the blockchain vision, BZH Beitraege zur Hochschulforschung, Issue 3/2019, pp. 60-65
0 cites
A trustless society? A political look at the blockchain vision

Rainer Rehak

A lot of business and research effort currently deals with the so called decentralised ledger technology blockchain. Putting it to use carries the tempting promise to make the intermediaries of social interactions superfluous and furthermore keep secure track of all interactions. Currently intermediaries such as banks and notaries are necessary and must be trusted, which creates great dependencies, as the financial crisis of 2008 painfully demonstrated. Especially banks and notaries are said to become dispensable as a result of using the blockchain. But in real-world applications of the blockchain, the power of central actors does not dissolve, it only shifts to new, democratically illegitimate, uncontrolled or even uncontrollable power centers. As interesting as the blockchain technically is, it doesn't efficiently solve any real-world problem and is no substitute for traditional political processes or democratic regulation of power. Research efforts investigating the blockchain should be halted.

Open access
cs.CY
cs.DC
cs.ET
Original source
May 1, 2024·First Monday
0 cites
Web3 and the state: The Indian state’s re-description of blockchain

Debarun Sarkar, Cheshta Arora

This paper closely examines a discussion paper by the National Institution for Transforming India (NITI) Aayog and a strategy paper by the Ministry of Electronics & Information Technology (MeitY) advocating non-financial use cases of blockchain in India. By noting the discursive shift from transparency to trust to adjustably transparent enacted in these two documents, and consequently the Indian state’s re-description of blockchain, the paper foregrounds how blockchain systems are being designated as “decentral” but have recentralizing effects where the state reinvents and re-establishes itself as an intermediary. This paper illustrates how discursive shifts concerning trust, transparency, (de)centralization and (dis)intermediation are crucial sites for investigating re-descriptions of emerging sociotechnical systems.

Open access
2 source records
Blockchain Technology Applications and Security
cs.HC
cs.CY
Original source
Apr 28, 2024·arXiv
0 cites
Decentralized Peer Review in Open Science: A Mechanism Proposal

Andreas Finke, Thomas Hensel

Peer review is a laborious, yet essential, part of academic publishing with crucial impact on the scientific endeavor. The current lack of incentives and transparency harms the credibility of this process. Researchers are neither rewarded for superior nor penalized for bad reviews. Additionally, confidential reports cause a loss of insights and make the review process vulnerable to scientific misconduct. We propose a community-owned and -governed system that 1) remunerates reviewers for their efforts, 2) publishes the (anonymized) reports for scrutiny by the community, 3) tracks reputation of reviewers and 4) provides digital certificates. Automated by transparent smart-contract blockchain technology, the system aims to increase quality and speed of peer review while lowering the chance and impact of erroneous judgements.

Open access
cs.GT
cs.CY
econ.GN
Original source
Apr 26, 2024·arXiv
1 cites
Trust Dynamics in Cryptocurrency Markets: Centralized vs. Decentralized Exchanges

Xintong Wu, Wanling Deng, Yutong Quan, Lin William Cong · 5 authors

Trust mechanisms diverge between centralized and decentralized exchanges, representing distinct sociotechnical governance paradigms. However, quantifying trust dynamics and their redistribution between these architectures remains empirically challenging, limiting understanding of how institutional shocks affect market behavior. The FTX collapse offers a natural experiment to bridge this gap. Through an interdisciplinary approach combining causal inference and computational text analysis, we find significant price declines and capital reallocation from centralized to decentralized exchanges following the event. While sentiment metrics showed no sharp discontinuities, topic modeling and network analysis of Discord communities reveal that seasonal holiday discourse obscured underlying trust concerns in centralized exchange forums. These findings underscore the fragility of institutional trust architectures and demonstrate how mixed methods can illuminate behavioral patterns during systemic crises, offering insights for exchange risk management and regulatory assessment.

Open access
2 source records
econ.GN
cs.CE
cs.CR
Original source
Apr 24, 2024·arXiv (Cornell University)
0 cites
Non-Fungible Programs: Private Full-Stack Applications for Web3

Blake Regalia, Benjamin Adams

The greatest advantage that Web3 applications offer over Web 2.0 is the evolution of the data access layer. Opaque, centralized services that compelled trust from users are replaced by trustless, decentralized systems of smart contracts. However, the public nature of blockchain-based databases, on which smart contracts transact, has typically presented a challenge for applications that depend on data privacy or that rely on participants having incomplete information. This has changed with the introduction of confidential smart contract networks that encrypt the memory state of active contracts as well as their databases stored on-chain. With confidentiality, contracts can more readily implement novel interaction mechanisms that were previously infeasible. Meanwhile, in both Web 2.0 and Web3 applications the user interface continues to play a crucial role in translating user intent into actionable requests. In many cases, developers have shifted intelligence and autonomy into the client-side, leveraging Web technologies for compute, graphics, and networking. Web3's reliance on such frontends has revealed a pain point though, namely that decentralized applications are not accessible to end users without a persistent host serving the application. Here we introduce the Non-Fungible Program (NFP) model for developing self-contained frontend applications that are distributed via blockchain, powered by Web technology, and backed by private databases persisted in encrypted smart contracts. Access to frontend code, as well as backend services, is controlled and guaranteed by smart contracts according to the NFT ownership model, eliminating the need for a separate host. By extension, NFP applications bring interactivity to token owners and enable new functionalities, such as authorization mechanisms for oracles, supplementary Web services, and overlay networks in a secure manner. In addition...

Open access
2 source records
Peer-to-Peer Network Technologies
Scientific Computing and Data Management
Web Data Mining and Analysis
Original source
Apr 23, 2024·arXiv
0 cites
Saving proof-of-work by hierarchical block structure

Valdemar Melicher

We argue that the current POW based consensus algorithm of the Bitcoin network suffers from a fundamental economic discrepancy between the real world transaction (txn) costs incurred by miners and the wealth that is being transacted. Put simply, whether one transacts 1 satoshi or 1 bitcoin, the same amount of electricity is needed when including this txn into a block. The notorious Bitcoin blockchain problems such as its high energy usage per txn or its scalability issues are, either partially or fully, mere consequences of this fundamental economic inconsistency. We propose making the computational cost of securing the txns proportional to the wealth being transferred, at least temporarily. First, we present a simple incentive based model of Bitcoin's security. Then, guided by this model, we augment each txn by two parameters, one controlling the time spent securing this txn and the second determining the fraction of the network used to accomplish this. The current Bitcoin txns are naturally embedded into this parametrized space. Then we introduce a sequence of hierarchical block structures (HBSs) containing these parametrized txns. The first of those HBSs exploits only a single degree of freedom of the extended txn, namely the time investment, but it allows already for txns with a variable level of trust together with aligned network fees and energy usage. In principle, the last HBS should scale to tens of thousands timely txns per second while preserving what the previous HBSs achieved. We also propose a simple homotopy based transition mechanism which enables us to relatively safely and continuously introduce new HBSs into the existing blockchain. Our approach is constructive and as rigorous as possible and we attempt to analyze all aspects of these developments, al least at a conceptual level. The process is supported by evaluation on recent transaction data.

Open access
math.NA
cs.CE
cs.CR
Original source
Apr 22, 2024·Applied and Computational Engineering, Vol. 18, Pages 96-101, Published 23 October 2023
0 cites
Revolutionizing student course selection: Exploring the application prospects and challenges of blockchain token voting technology

Tiansu Hu, Yuzhao Song, Linjing Zhang, Xiaoya Zhou

This paper explores the utilization of blockchain token voting technology in student course selection systems. The current course selection systems face various issues, which can be mitigated through the implementation of blockchain technology. The advantages of blockchain technology, including consensus mechanisms and smart contracts, are discussed in detail. The token voting mechanism, encompassing concepts, token issuance and distribution, and voting rules and procedures, is also explained. The system design takes into account the system architecture, user roles and permissions, course information on the blockchain, student course selection voting process, and course selection result statistics and public display. The technology offers advantages such as transparency, fairness, data security and privacy protection, and system efficiency improvement. However, it also poses several challenges, such as technological and regulatory hurdles. The prospects for the application of blockchain token voting technology in student course selection systems and its potential impact on other fields are summarized. Overall, the utilization of blockchain token voting technology in student course selection systems holds promising future implications, which could revolutionize the education sector.

Open access
cs.CY
Original source
Apr 18, 2024·arXiv
0 cites
Preserving Nature's Ledger: Blockchains in Biodiversity Conservation

Kostas Kryptos Chalkias, Angelos Kostis, Ali Alnuaimi, Peter Knez · 8 authors

In the contemporary era, biodiversity conservation emerges as a paramount challenge, necessitating innovative approaches to monitoring, preserving, and enhancing the natural world. This paper explores the integration of blockchain technology in biodiversity conservation, offering a novel perspective on how digital resilience can be built within ecological contexts. Blockchain, with its decentralized and immutable ledger and tokenization affordances, presents a groundbreaking solution for the accurate monitoring and tracking of environmental assets, thereby addressing the critical need for transparency and trust in conservation efforts. Unlike previous more theoretical approaches, by addressing the research question of how blockchain supports digital resilience in biodiversity conservation, this study presents a grounded framework that justifies which blockchain features are essential to decipher specific data contribution and data leveraging processes in an effort to protect our planet's biodiversity, while boosting potential economic benefits for all actors involved, from local farmers, to hardware vendors and artificial intelligence experts, to investors and regular users, volunteers and donors.

Open access
cs.CY
cs.CE
cs.CR
Original source
Apr 9, 2024·arXiv
0 cites
Is Your AI Truly Yours? Leveraging Blockchain for Copyrights, Provenance, and Lineage

Qin Wang, Guangsheng Yu, Yilin Sai, H. M. N. Dilum Bandara · 5 authors

As Artificial Intelligence (AI) integrates into diverse areas, particularly in content generation, ensuring rightful ownership and ethical use becomes paramount, AI service providers are expected to prioritize responsibly sourcing training data and obtaining licenses from data owners. However, existing studies primarily center on safeguarding static copyrights, which simply treat metadata/datasets as non-fungible items with transferable/trading capabilities, neglecting the dynamic nature of training procedures that can shape an ongoing trajectory. In this paper, we present \textsc{IBis}, a blockchain-based framework tailored for AI model training workflows. Our design can dynamically manage copyright compliance and data provenance in decentralized AI model training processes, ensuring that intellectual property rights are respected throughout iterative model enhancements and licensing updates. Technically, \textsc{IBis} integrates on-chain registries for datasets, licenses and models, alongside off-chain signing services to facilitate collaboration among multiple participants. Further, \textsc{IBis} provides APIs designed for seamless integration with existing contract management software, minimizing disruptions to established model training processes. We implement \textsc{IBis} using Daml on the Canton blockchain. Evaluation results showcase the feasibility and scalability of \textsc{IBis} across varying numbers of users, datasets, models, and licenses.

Open access
cs.CR
cs.AI
cs.CY
Original source
Apr 6, 2024·arXiv (Cornell University)
1 cites
Trustless Audits without Revealing Data or Models

Suppakit Waiwitlikhit, Ion Stoica, Yi Sun, Tatsunori Hashimoto · 5 authors

There is an increasing conflict between business incentives to hide models and data as trade secrets, and the societal need for algorithmic transparency. For example, a rightsholder wishing to know whether their copyrighted works have been used during training must convince the model provider to allow a third party to audit the model and data. Finding a mutually agreeable third party is difficult, and the associated costs often make this approach impractical. In this work, we show that it is possible to simultaneously allow model providers to keep their model weights (but not architecture) and data secret while allowing other parties to trustlessly audit model and data properties. We do this by designing a protocol called ZkAudit in which model providers publish cryptographic commitments of datasets and model weights, alongside a zero-knowledge proof (ZKP) certifying that published commitments are derived from training the model. Model providers can then respond to audit requests by privately computing any function F of the dataset (or model) and releasing the output of F alongside another ZKP certifying the correct execution of F. To enable ZkAudit, we develop new methods of computing ZKPs for SGD on modern neural nets for simple recommender systems and image classification models capable of high accuracies on ImageNet. Empirically, we show it is possible to provide trustless audits of DNNs, including copyright, censorship, and counterfactual audits with little to no loss in accuracy.

Open access
2 source records
cs.CR
cs.AI
cs.CY
Original source
Apr 5, 2024·arXiv (Cornell University)
1 cites
AuditGPT: Auditing Smart Contracts with ChatGPT

Shihao Xia, Shuai Shao, Mengting He, Tingting Yu · 6 authors

To govern smart contracts running on Ethereum, multiple Ethereum Request for Comment (ERC) standards have been developed, each containing a set of rules to guide the behaviors of smart contracts. Violating the ERC rules could cause serious security issues and financial loss, signifying the importance of verifying smart contracts follow ERCs. Today's practices of such verification are to either manually audit each single contract or use expert-developed, limited-scope program-analysis tools, both of which are far from being effective in identifying ERC rule violations. This paper presents a tool named AuditGPT that leverages large language models (LLMs) to automatically and comprehensively verify ERC rules against smart contracts. To build AuditGPT, we first conduct an empirical study on 222 ERC rules specified in four popular ERCs to understand their content, their security impacts, their specification in natural language, and their implementation in Solidity. Guided by the study, we construct AuditGPT by separating the large, complex auditing process into small, manageable tasks and design prompts specialized for each ERC rule type to enhance LLMs' auditing performance. In the evaluation, AuditGPT successfully pinpoints 418 ERC rule violations and only reports 18 false positives, showcasing its effectiveness and accuracy. Moreover, AuditGPT beats an auditing service provided by security experts in effectiveness, accuracy, and cost, demonstrating its advancement over state-of-the-art smart-contract auditing practices.

Open access
2 source records
cs.CR
cs.AI
cs.CL
Original source
Apr 3, 2024·arXiv (Cornell University)
1 cites
The Societal Implications of Blockchain Proliferation

Cory Cherven

Blockchain and its distributed ledger technology have far-reaching implications for consumers across the world. Cryptocurrencies like XRP work to solve key issues in the remittance industry, targeting corridors like Mexico where foreign remittance fuels economies. Blockchain's libertarian principles have the potential to change lives in the third world, replacing corrupt infrastructure with trust-based solutions. While this technology can be used to significantly improve lives, it has a wealth of destructive applications. Bitcoin's blockchain and nefarious websites like the Silk Road have fueled an underground market of drugs, money laundering, and terrorism, complicating digital currency legislation. The negative environmental effects of cryptocurrency may also contribute significantly to global climate change. Negatives aside, cryptocurrency still proves to be a valuable commodity in technological development.

Open access
2 source records
cs.CY
Blockchain Technology Applications and Security
Original source
Mar 12, 2024·arXiv
0 cites
Preserving Automotive Heritage: A Blockchain-Based Solution for Secure Documentation of Classic Cars Restoration

José Murta, Vasco Amaral, Fernando Brito e Abreu

Classic automobiles are an important part of the automotive industry and represent the historical and technological achievements of certain eras. However, to be considered masterpieces, they must be maintained in pristine condition or restored according to strict guidelines applied by expert services. Therefore, all data about restoration processes and other relevant information about these vehicles must be rigorously documented to ensure their verifiability and immutability. Here, we report on our ongoing research to adequately provide such capabilities to the classic car ecosystem. Using a design science research approach, we have developed a blockchain-based solution using Hyperledger Fabric that facilitates the proper recording of classic car information, restoration procedures applied, and all related documentation by ensuring that this data is immutable and trustworthy while promoting collaboration between interested parties. This solution was validated and received positive feedback from various entities in the classic car sector. The enhanced and secured documentation is expected to contribute to the digital transformation of the classic car sector, promote authenticity and trustworthiness, and ultimately increase the market value of classic cars.

Open access
cs.CY
Original source
Mar 8, 2024·Springer proceedings in complexity
1 cites
vSPACE: Voting in a Scalable, Privacy-Aware and Confidential Election

Se Elnour, William J. Buchanan, Paul Keating, Mwrwan Abubakar · 5 authors

The vSPACE experimental proof-of-concept (PoC) on the TrueElect[Anon][Creds] protocol presents a novel approach to secure, private, and scalable elections, extending the TrueElect and ElectAnon protocols with the integration of AnonCreds SSI (Self-Sovereign Identity). Such a protocol PoC is situated within a Zero-Trust Architecture (ZTA) and leverages confidential computing, continuous authentication, multi-party computation (MPC), and well-architected framework (WAF) principles to address the challenges of cybersecurity, privacy, and trust over IP (ToIP) protection. Employing a Kubernetes confidential cluster within an Enterprise-Scale Landing Zone (ESLZ), vSPACE integrates Distributed Ledger Technology (DLT) for immutable and certifiable audit trails. The Infrastructure as Code (IaC) model ensures rapid deployment, consistent management, and adherence to security standards, making vSPACE a future-proof solution for digital voting systems.

Open access
3 source records
cs.CR
cs.CY
Internet Traffic Analysis and Secure E-voting
Original source
Mar 3, 2024·arXiv
0 cites
Measuring Technological Convergence in Encryption Technologies with Proximity Indices: A Text Mining and Bibliometric Analysis using OpenAlex

Alessandro Tavazzi, Dimitri Percia David, Julian Jang-Jaccard, Alain Mermoud

Identifying technological convergence among emerging technologies in cybersecurity is crucial for advancing science and fostering innovation. Unlike previous studies focusing on the binary relationship between a paper and the concept it attributes to technology, our approach utilizes attribution scores to enhance the relationships between research papers, combining keywords, citation rates, and collaboration status with specific technological concepts. The proposed method integrates text mining and bibliometric analyses to formulate and predict technological proximity indices for encryption technologies using the "OpenAlex" catalog. Our case study findings highlight a significant convergence between blockchain and public-key cryptography, evidenced by the increasing proximity indices. These results offer valuable strategic insights for those contemplating investments in these domains.

Open access
cs.CY
cs.CR
cs.IR
Original source
Mar 3, 2024·arXiv
0 cites
Deeply Embedded Wages: Navigating Digital Payments in Data Work

Julian Posada

Many of the world's workers rely on digital platforms for their income. In Venezuela, a nation grappling with extreme inflation and where most of the workforce is self-employed, data production platforms for machine learning have emerged as a viable opportunity for many to earn a flexible income in US dollars. Platform workers are deeply interconnected within a vast network of firms and entities that act as intermediaries for wage payments in digital currencies and its subsequent conversion to the national currency, the bolivar. Past research on embeddedness has noted that being intertwined in multi-tiered socioeconomic networks of companies and individuals can offer significant rewards to social participants, while also connoting a particular set of limitations. This paper furnishes qualitative evidence regarding how this deep embeddedness impacts platform workers in Venezuela. Given the backdrop of a national crisis and rampant hyperinflation, the perks of receiving wages through various financial platforms include access to a more stable currency and the ability to save and invest outside the national financial system. However, relying on numerous digital and local intermediaries often diminishes income due to transaction fees. Moreover, this introduces heightened financial risks, particularly due to the unpredictable nature of cryptocurrencies as an investment. The over-reliance on external financial platforms erodes worker autonomy through power dynamics that lean in favor of the platforms that set the transaction rules and prices. These findings present a multifaceted perspective on deep embeddedness in platform labor, highlighting how the rewards of financial intermediation often come at a substantial cost for the workers in unstable situations, who are saddled with escalating financial risks.

Open access
cs.CY
Original source
Mar 2, 2024·arXiv (Cornell University)
1 cites
Evault for legal records

N, Jeba, S Anas, S Anuragav, R. Abhishek · 5 authors

Innovative solution for addressing the challenges in the legal records management system through a blockchain-based eVault platform. Our objective is to create a secure, transparent, and accessible ecosystem that caters to the needs of all stakeholders, including lawyers, judges, clients, and registrars. First and foremost, our solution is built on a robust blockchain platform like Ethereum harnessing the power of smart contracts to manage access, permissions, and transactions effectively. This ensures the utmost security and transparency in every interaction within the system. To make our eVault system user-friendly, we've developed intuitive interfaces for all stakeholders. Lawyers, judges, clients, and even registrars can effortlessly upload and retrieve legal documents, track changes, and share information within the platform. But that's not all; we've gone a step further by incorporating a document creation and saving feature within our app and website. This feature allows users to generate and securely store legal documents, streamlining the entire documentation process.

Open access
2 source records
cs.CR
cs.CY
Artificial Intelligence in Law
Original source
Feb 29, 2024·arXiv (Cornell University)
0 cites
The Constitutions of Web3

Joshua Tan, Max Langenkamp, Anna Weichselbraun, Ann Brody · 5 authors

The governance of online communities has been a critical issue since the first USENET groups, and a number of serious constitutions -- declarations of goals, values, and rights -- have emerged since the mid-1990s. More recently, decentralized autonomous organizations (DAOs) have begun to publish their own constitutions, manifestos, and other governance documents. There are two unique aspects to these documents: they (1) often govern significantly more resources than previously-observed online communities, and (2) are used in conjunction with smart contracts that can secure certain community rights and processes through code. In this article, we analyze 25 DAO constitutions, observe a number of common patterns, and provide a template and a set of recommendations to support the crafting and dissemination of future DAO constitutions. We conclude with a report on how our template and recommendations were then used within the actual constitutional drafting process of a major blockchain.

Open access
2 source records
Multimedia Communication and Technology
cs.CY
Original source
Feb 28, 2024·arXiv
0 cites
Crypto Technology -- Impact on Global Economy

Arunkumar Velayudhan Pillai

The last decade has been marked by the evolution of cryptocurrencies, which have captured the interest of the public through the offered opportunities and the feeling of freedom, resulting from decentralization and lack of authority to oversee how cryptocurrency transactions are conducted. The innovation in crypto space is often compared to the impact internet had on human life. There is a new term called Web 3.0 for denoting all new computing innovations arising due to the blockchain technologies. Blockchain has emerged as one of the most important inventions of the last decade with crypto currencies or financial use case as one of the domains which progressed most in the last 10 years. It is very important to research about Web 3 technologies, how it is connected to crypto economy and what to expect in this field for the next several decades.

Open access
cs.CR
cs.CY
Original source
Feb 21, 2024·American Business Law Journal
9 cites
Unwinding NFTs in the shadow of IP law

Runhua Wang, Jyh‐An Lee, Jingwen Liu

Abstract Amid the surge of intellectual property (IP) disputes surrounding non‐fungible tokens (NFTs), some scholars have advocated for the application of personal property or sales law to regulate NFT minting and transactions, contending that IP laws unduly hinder the development of the NFT market. This Article counters these proposals and argues that the existing IP system stands as the most suitable regulatory framework for governing the evolving NFT market. Compared to personal property or sales law, IP laws can more effectively address challenges such as tragedies of the commons and anticommons in the NFT market. NFT communities have also developed their own norms and licensing agreements upon existing IP laws to regulate shared resources. Moreover, the IP regimes, with both static and dynamic institutional designs, can effectively balance various policy concerns, such as innovation, fair competition, and consumer protection, which alternative proposals struggle to provide.

Open access
2 source records
Intellectual Property and Patents
Private Equity and Venture Capital
cs.CY
Original source