An Impossibility Theorem on Truthful Reporting in Fully Decentralized Systems
11 Pages Posted: 31 Jan 2022 Last revised: 17 Mar 2022
Date Written: January 10, 2022
Abstract
We show that truthful reporting about the realization of a publicly observed event cannot be implemented as a unique equilibrium in a completely decentralized environment.
Keywords: decentralized systems, smart contracts, truth-telling, contractibility
JEL Classification: C72, D72, D86, O33
Suggested Citation: Suggested Citation
Garratt, Rodney and Monnet, Cyril, An Impossibility Theorem on Truthful Reporting in Fully Decentralized Systems (January 10, 2022). Available at SSRN: https://ssrn.com/abstract=4017963 or http://dx.doi.org/10.2139/ssrn.4017963
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN