A Privacy-Preserving DAO Model Using NFT Authentication for the Punishment not Reward Blockchain Architecture

• URL: http://arxiv.org/abs/2405.13156v1
• Date: Tue, 21 May 2024 18:53:15 GMT
• Title: A Privacy-Preserving DAO Model Using NFT Authentication for the Punishment not Reward Blockchain Architecture
• Authors: Talgar Bayan, Richard Banach,
• Abstract summary: This paper presents a novel decentralized autonomous organization (DAO) model leveraging non-fungible tokens (NFTs) By prioritizing privacy, security, and deterrence over financial rewards, this model addresses key challenges in existing blockchain incentive structures.
• Score: 0.0
• License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
• Abstract: \This paper presents a novel decentralized autonomous organization (DAO) model leveraging non-fungible tokens (NFTs) for advanced access control and privacy-preserving interactions within a Punishment not Reward (PnR) blockchain framework. The proposed model introduces a dual NFT architecture: Membership NFTs (\(NFT_{auth}\)) for authentication and access control, and Interaction NFTs (\(NFT_{priv}\)) for enabling private, encrypted interactions among participants. Governance is enforced through smart contracts that manage reputation and administer punitive measures, such as conditional identity disclosure. By prioritizing privacy, security, and deterrence over financial rewards, this model addresses key challenges in existing blockchain incentive structures, paving the way for more sustainable and decentralized governance frameworks.

Related papers

• A Novel Endorsement Protocol to Secure BFT-Based Consensus in Permissionless Blockchain [1.3723120574076126]
  BFT-based consensus mechanisms are widely adopted in the permissioned blockchain to meet the high scalability requirements of the network. Sybil attacks are one of the most potential threats when applying BFT-based consensus mechanisms in permissionless blockchain. This paper presents a novel endorsement-based bootstrapping protocol with a signature algorithm that offers a streamlined, scalable identity endorsement and verification process.
  arXiv  Detail & Related papers  (2024-05-04T03:00:33Z)
• Towards Proxy Staking Accounts Based on NFTs in Ethereum [0.0]
  This paper describes an innovative approach to blockchain networks based on a non-fungible token that behaves as an account (NFTAA) The key novelty of this article is using NFTAA to leverage the unique properties of NFTs to manage your ownership better and effectively isolate them to improve the security, transparency, and even interoperability possibilities.
  arXiv  Detail & Related papers  (2024-04-22T10:35:26Z)
• Enhancing Trust and Privacy in Distributed Networks: A Comprehensive Survey on Blockchain-based Federated Learning [51.13534069758711]
  Decentralized approaches like blockchain offer a compelling solution by implementing a consensus mechanism among multiple entities. Federated Learning (FL) enables participants to collaboratively train models while safeguarding data privacy. This paper investigates the synergy between blockchain's security features and FL's privacy-preserving model training capabilities.
  arXiv  Detail & Related papers  (2024-03-28T07:08:26Z)
• Graph Attention Network-based Block Propagation with Optimal AoI and Reputation in Web 3.0 [59.94605620983965]
  We design a Graph Attention Network (GAT)-based reliable block propagation optimization framework for blockchain-enabled Web 3.0. To achieve the reliability of block propagation, we introduce a reputation mechanism based on the subjective logic model. Considering that the GAT possesses the excellent ability to process graph-structured data, we utilize the GAT with reinforcement learning to obtain the optimal block propagation trajectory.
  arXiv  Detail & Related papers  (2024-03-20T01:58:38Z)
• Generative AI-enabled Blockchain Networks: Fundamentals, Applications, and Case Study [73.87110604150315]
  Generative Artificial Intelligence (GAI) has emerged as a promising solution to address challenges of blockchain technology. In this paper, we first introduce GAI techniques, outline their applications, and discuss existing solutions for integrating GAI into blockchains.
  arXiv  Detail & Related papers  (2024-01-28T10:46:17Z)
• SeDe: Balancing Blockchain Privacy and Regulatory Compliance by Selective De-Anonymization [0.3749861135832073]
  We propose a framework that balances privacy-preserving features by establishing a regulatory and compliant framework called Selective De-Anonymization (SeDe) Our technique achieves this without leaving de-anonymization decisions or control in the hands of a single entity but distributing it among multiple entities while holding them accountable for their respective actions.
  arXiv  Detail & Related papers  (2023-11-14T13:49:13Z)
• PTTS: Zero-Knowledge Proof-based Private Token Transfer System on Ethereum Blockchain and its Network Flow Based Balance Range Privacy Attack Analysis [0.0]
  We propose a Private Token Transfer System (PTTS) for the public blockchain. For the proposed framework, zero-knowledge based protocol has been designed using Zokrates and integrated into our private token smart contract. In the second part of the paper, we provide security and privacy analysis including the replay attack and the balance range privacy attack.
  arXiv  Detail & Related papers  (2023-08-29T09:13:31Z)
• FedSOV: Federated Model Secure Ownership Verification with Unforgeable Signature [60.99054146321459]
  Federated learning allows multiple parties to collaborate in learning a global model without revealing private data. We propose a cryptographic signature-based federated learning model ownership verification scheme named FedSOV.
  arXiv  Detail & Related papers  (2023-05-10T12:10:02Z)
• Efficient quantum non-fungible tokens for blockchain [0.0]
  Non-fungible tokens (NFTs) consolidate the best characteristics of blockchain technology to deliver unique and bona fide tokens. Current classical NFTs are suffering from high costs regarding the consumed power of mining and lack of security. This paper presents a new protocol for preparing quantum non-fungible tokens where a quantum state representing NFT is mounted on a blockchain instead of physically giving it to the owner.
  arXiv  Detail & Related papers  (2022-09-02T13:36:55Z)
• Second layer data governance for permissioned blockchains: the privacy management challenge [58.720142291102135]
  In pandemic situations, such as the COVID-19 and Ebola outbreak, the action related to sharing health data is crucial to avoid the massive infection and decrease the number of deaths. In this sense, permissioned blockchain technology emerges to empower users to get their rights providing data ownership, transparency, and security through an immutable, unified, and distributed database ruled by smart contracts.
  arXiv  Detail & Related papers  (2020-10-22T13:19:38Z)
• Regulation conform DLT-operable payment adapter based on trustless - justified trust combined generalized state channels [77.34726150561087]
  Economy of Things (EoT) will be based on software agents running on peer-to-peer trustless networks. We give an overview of current solutions that differ in their fundamental values and technological possibilities. We propose to combine the strengths of the crypto based, decentralized trustless elements with established and well regulated means of payment.
  arXiv  Detail & Related papers  (2020-07-03T10:45:55Z)

This list is automatically generated from the titles and abstracts of the papers in this site.

This site does not guarantee the quality of this site (including all information) and is not responsible for any consequences.