The purpose of this work is to develop approaches to decision-making in Distributed Ledger Technology (DLT) systems and Decentralized Autonomous Organizations (DAOs), and the formation of token-curated ranked registries (TCRRs) through voting. The use of the classical Borda procedure with the implementation of representative democracy is proposed, to choose one alternative out of several. In this procedure, the problems of scalability and the duration of a voter’s ratings are avoided in such cases as representative democracy and voting by the majority rule. We also provide an analysis of the influence of voters on decision-making in a DAO as a form of representative democracy. In this case, the interaction of voters is modeled as a cooperative game in which the solution is determined by the Shapley vector – a sustainable distribution of payoffs of the grand coalition.

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Decentralized Governance: Decision-Making Based on Voting

  • Sergii Grybniak,
  • Olga Kichmarenko,
  • Yevhen Leonchyk,
  • Igor Mazurok,
  • Oleksandr Nashyvan,
  • Alisa Vorokhta

摘要

The purpose of this work is to develop approaches to decision-making in Distributed Ledger Technology (DLT) systems and Decentralized Autonomous Organizations (DAOs), and the formation of token-curated ranked registries (TCRRs) through voting. The use of the classical Borda procedure with the implementation of representative democracy is proposed, to choose one alternative out of several. In this procedure, the problems of scalability and the duration of a voter’s ratings are avoided in such cases as representative democracy and voting by the majority rule. We also provide an analysis of the influence of voters on decision-making in a DAO as a form of representative democracy. In this case, the interaction of voters is modeled as a cooperative game in which the solution is determined by the Shapley vector – a sustainable distribution of payoffs of the grand coalition.