Cryptoeconomics: Economic Mechanisms behind Blockchains

Speaker:  Zhu Han – Houston, TX, United States
Topic(s):  Applied Computing


Due to its salient features including decentralization, anonymity, security, trust, and auditability, blockchain has attracted tremendous attention from both academia and industry. The advent of blockchain networks and their applications in various domains, including computer networks, data sciences, and Fin-Tech, create a new field of study for academia and industry: cryptoeconomics. It can extend the analytical framework based on the economic networking perspective to modeling, designing, and analyzing the participant interactions in any ecosystem raised from or built upon blockchain networks. Therefore, this tutorial first analyzes the participants' behaviors from the economic perspective and presents how the rational/irrational behaviors affect the performance and security of a distributed system. Then, from the engineering perspective, this tutorial shows a series of economic mechanisms and case studies, illustrating that a well-functioning, scalable cryptoeconomics network is able to serve as an efficient platform for decision arbitration and allocation of the resources ranging from physical utilities (e.g., hardware) to financial assets. As a result, cryptoeconomics can shed light on the better characterization of the blockchain-assisted systems.

About this Lecture

Number of Slides:  50
Duration:  60 minutes
Languages Available:  Chinese (Simplified), English
Last Updated: 

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