Paper 2017/1133

Sentiment Protocol: A Decentralized Protocol Leveraging Crowd Sourced Wisdom

Anton Muehlemann

Abstract

The wisdom of the crowd is a valuable asset in today's society. It is not only important in predicting elections but also plays an essential rôle in marketing and the financial industry. Having a trustworthy source of opinion can make forecasts more accurate and markets predictable. Until now, a fundamental problem of surveys is the lack of incentives for participants to provide accurate information. Classical solutions like small monetary rewards or the chance of winning a prize are often not very attractive and also do not prevent multiple entries or randomly filling in answers. In this work, we present a framework that solves both problems via a customizable incentivization framework. Apart from predicting events, this framework can also be used to govern decentralized autonomous organizations.

Metadata
Available format(s)
PDF
Category
Applications
Publication info
Preprint.
Keywords
sentimentblockchainethereumEVMcrowd-sourced wisdomsurveysdecentralizedsmart-contractpolling
Contact author(s)
muehle @ berkeley edu
History
2017-11-27: received
Short URL
https://ia.cr/2017/1133
License
Creative Commons Attribution
CC BY

BibTeX

@misc{cryptoeprint:2017/1133,
      author = {Anton Muehlemann},
      title = {Sentiment Protocol: A Decentralized Protocol Leveraging Crowd Sourced Wisdom},
      howpublished = {Cryptology ePrint Archive, Paper 2017/1133},
      year = {2017},
      note = {\url{https://eprint.iacr.org/2017/1133}},
      url = {https://eprint.iacr.org/2017/1133}
}
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