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Blockchain technology that came with the introduction of Bitcoin offers many powerful use-cases while promising the establishment of distributed autonomous organizations (DAOs) that may transform our current understanding of client-server interactions on the cyberspace. They employ distributed consensus mechanisms that were subject to a lot of research in recent years. While most of such research focused on security and performance of consensus protocols, less attention was given to their incentive mechanisms which relate to a critical feature of blockchains. Unfortunately, while blockchains are advocating decentralized operations, they are not egalitarian due to existing incentive mechanisms. Many current consensus protocols inadvertently incentivize centralization of mining power and inequitable participation. This paper explores and evaluates alternative incentive mechanisms for a more decentralized and equitable participation. We first evaluate inequality in existing Proof of Stake (PoS) based incentive mechanisms, then we examine three alternatives in which rewards scheme is more partial to low-stakeholders. Through simulation, we show that two of our alternative mechanisms can reduce inequality and offer an attractive solution for sustainability of blockchain-based applications and DAOs.
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Blockchain-Driven Privacy-Preserving Contact-Tracing Framework in Pandemics
Blockchain technology, recognized for its decentralized and privacy-preserving capabilities, holds potential for enhancing privacy in contact tracing applications. Existing blockchain-based contact tracing frameworks often overlook one or more critical design details, such as the blockchain data structure, a decentralized and lightweight consensus mechanism with integrated tracing data verification, and an incentive mechanism to encourage voluntary participation in bearing blockchain costs. Moreover, the absence of framework simulations raises questions about the efficacy of these existing models. To solve above issues, this article introduces a fully third-party independent blockchain-driven contact tracing (BDCT) framework, detailed in its design. The BDCT framework features an RivestShamir-Adleman (RSA) encryption-based transaction verification method (RSA-TVM), achieving over 96% accuracy in contact case recording, even with a 60% probability of individuals failing to verify contact information. Furthermore, we propose a lightweight reputation corrected delegated proof of stake (RCDPoS) consensus mechanism, coupled with an incentive model, to ensure timely reporting of contact cases while maintaining blockchain decentralization. Additionally, a novel simulation environment for contact tracing is developed, accounting for three distinct contact scenarios with varied population density. Our results and discussions validate the effectiveness, robustness of the RSA-TVM and RC-DPoS, and the low storage demand of the BDCT framework.
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- Award ID(s):
- 1822985
- PAR ID:
- 10546093
- Publisher / Repository:
- IEEE Publisher
- Date Published:
- Journal Name:
- IEEE Transactions on Computational Social Systems
- Volume:
- 11
- Issue:
- 3
- ISSN:
- 2373-7476
- Page Range / eLocation ID:
- 4279 to 4289
- Subject(s) / Keyword(s):
- Blockchain, contact tracing, COVID-19 pandemic, delegated proof of stake (DPoS), RSA.
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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- Free Publicly Accessible Full Text
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Accepted Manuscript1.0
- Journal Article:
- https://doi.org/10.1109/TCSS.2024.3351191
