Towards a Systematic Understanding of Blockchain Governance in Proposal Voting: A Dash Case Study

22 Pages Posted: 11 Jul 2019

See all articles by Lawrence Mosley

Lawrence Mosley

Omni Analytics Group

Hieu Pham

Iowa State University - Department of Industrial and Manufacturing Systems Engineering

Yogesh Bansal

Omni Analytics Group

Date Written: July 8, 2019

Abstract

The transparent and immutable nature of the blockchain provides incentives for companies wishing to create an open, decentralized governance structure within their organization. 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, highlights exploitable attack vectors for the subversion of the Dash voting system, and steps through a data driven exploration enabled only by the transparent nature of the blockchain before concluding with guidelines for other organizations looking to implement similar on-chain governance solutions.

Keywords: Decentralized Governance, Blockchain, Voting Systems, Data Mining, Network Analysis

Suggested Citation

Mosley, Lawrence and Pham, Hieu and Bansal, Yogesh, Towards a Systematic Understanding of Blockchain Governance in Proposal Voting: A Dash Case Study (July 8, 2019). Available at SSRN: https://ssrn.com/abstract=3416564 or http://dx.doi.org/10.2139/ssrn.3416564

Lawrence Mosley

Omni Analytics Group ( email )

Ames, IA 50014

Hieu Pham (Contact Author)

Iowa State University - Department of Industrial and Manufacturing Systems Engineering ( email )

Black Engineering
Ames, IA

Yogesh Bansal

Omni Analytics Group ( email )

Ames, IA 50014

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