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Governance through Crowds, Consensus and P2P Networks

Governance through Crowds, Consensus and P2P Networks

This session will continue with our building blocks of crypto infrastructure. Here we will explore governance regimes (protocols) that leverage Crowds, Consensus and Peer to Peer Networks.

Daniel Martin Katz

February 18, 2019
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  1. @ computational professor daniel martin katz danielmartinkatz.com BLOCKCHAIN, CRYPTOCURRENCY AND

    LAW professor nelson rosario GOVERNANCE THROUGH CROWDS, CONSENSUS AND P2P NETWORKS nelsonmrosario.com @ nelsonmrosario BLOCKCHAINLAWCLASS.COM
  2. DANIEL MARTIN KATZ E D U | I L L

    I N O I S T E C H + S TA N F O R D C O D E X B LO G | C O M P U TAT I O N A L L E GA L S T U D I E S . C O M PAG E | DA N I E L M A R T I N K AT Z . C O M C O R P | L E X P R E D I C T. C O M NELSON ROSARIO B LO G | L AWO F C RY P TO C U R R E N C Y. C O M PAG E | N E L S O N M RO S A R I O . C O M F I R M | S M O L I N S K I RO S A R I O L AW P. C . BLOCKCHAINLAWCLASS.COM L A B | T H E L AW L A B . C O M E D U | I L L I N O I S T E C H - C H I C AG O K E N T L AW
  3. THE BUILDING BLOCKS OF BLOCKCHAIN TECHNOLOGY BLOCKCHAINLAWCLASS.COM NETWORKS - ALLOWS

    US INTERACT / COMMUNICATE LEDGERS - LET US TRACK THINGS CRYPTOGRAPHY - HELPS US SECURE THINGS (*NOTE* NOTHING CAN EVER BE PERFECTLY SECURE)
  4. THE BUILDING BLOCKS OF BLOCKCHAIN TECHNOLOGY BLOCKCHAINLAWCLASS.COM CONSENSUS - METHODOLOGY

    FOR REACHING A COORDINATED DECISION IN A GROUP DECISION MAKING PROCESS INCENTIVES - MECHANISM(S) FOR ENCOURAGING PARTICULAR FORMS OF PARTICIPATION IN SOCIO- TECHNICAL SYSTEMS
  5. C R O W D S O U R C

    I N G I D E A I S T H AT T H E R E I S A L AT E N T ‘ W I S D O M O F C R O W D S ’ AVA I L A B L E T H AT M I G H T M ATC H O R E XC E E D T H E ‘ P E R F O R M A N C E ’ ( H O W E V E R D E F I N E D ) O F I N D I V I D UA L D E C I S I O N M A K E R
  6. C R O W D S O U R C

    I N G C R O W D S O U R C I N G D O E S * N OT * R E F E R TO A S P E C I F I C T E C H N I Q U E O R A LG O R I T H M
  7. C R O W D S O U R C

    I N G G E N E R A L LY R E F E R S TO A P R O C E S S O F AG G R E G AT I O N A N D / O R S E G M E N TAT I O N O F I N F O R M AT I O N S I G N A L S
  8. S O H O W D O I CO N

    ST R U C T A C R O W D ?
  9. I N T H E C L A S S

    I C CO N D O R C E T J U R Y S E T T I N G , M O D E L S TY P I CA L LY U S E P R E D I C T I O N S F R O M A L L PA RT I C I PA N T S
  10. H O W E V E R , M O

    D E L S CA N A L S O TA K E I N TO ACCO U N T I N F O R M AT I O N ( S I G N A L S ) F R O M S O M E S U B S E T O F PA RT I C I PA N T S ( D E F I N E D U S I N G E I T H E R I N C LU S I O N R U L E S O R E XC LU S I O N R U L E S )
  11. VA R I O U S S I G N

    A L TY P E S T H E I N P U T S I G N A L S CA N A S S U M E M A N Y D I F F E R E N T F O R M S I N C LU D I N G F R O M M O D E L S O R I N D I V I D UA L S O R S E N S O R S ( O R S O M E CA S E S E V E N OT H E R C R O W D S )
  12. CROWD OF INDIVIDUALS The most well know approach involves extracting

    ‘wisdom’ from crowds where crowds are built from individual people
  13. CROWD OF SENSORS Note crowds need not be composed of

    humans but could be networked IT systems Decentralized Distributed Ledgers -or- Oracles -or- IOT sensors with Crowdsourcing Validation #Blockchain #InternetofThings #Crypto
  14. CRYPTO CROWDS? Sometimes getting even a second opinion in medicine

    (or any professional service) is very challenging — obtaining a 100th opinion is practically impossible
  15. CRYPTO CROWDS? Among other things Crypto Infrastructure (Blockchain) might provide

    the mechanism necessary to lower the coordination costs in crowd construction
  16. Random Forest Model Breiman, L.(2001). Random forests. Machine learning, 45(1),

    5-32. Grow a set of differentiated trees through bagging and random substrates (predict using a consensus mechanism) C R O W D O F M O D E L S
  17. C R O W D O F M O D

    E L S Each Poll has a slightly different methodology and historic performance (can be aggregated in various ways )
  18. crowd of signals does not always yield success aggregation of

    similarly biased signals does not work
  19. Poll Aggregation (note not always successful) C R O W

    D O F M O D E L S Each Poll has a slightly different methodology and historic performance (can be aggregated in various ways )
  20. S O H O W D O I CO N

    ST R U C T A C R O W D ?
  21. C R O W D S O U R C

    I N G T H E R E A R E VA R I O U S R U L E S T H AT M I G H T B E CO M B I N E D I N O R D E R TO ‘ CO N ST R U C T ’ A C R O W D
  22. BLOCKCHAINLAWCLASS.COM PEER-TO-PEER NETWORKS EXAMPLES THE SECOND WAVE OF PEER-TO-PEER APPLICATIONS

    ARE FOCUSED ON ALL SORTS OF TOPICS FINANCE COMPUTING FILE STORAGE
  23. BLOCKCHAINLAWCLASS.COM NODES ON PEER TO PEER NETWORKS SERVE AS THE

    CROWD SOURCED VALIDATORS OF ‘TRUTH’ / ‘TRUST’
  24. DANIEL MARTIN KATZ E D U | I L L

    I N O I S T E C H + S TA N F O R D C O D E X B LO G | C O M P U TAT I O N A L L E GA L S T U D I E S . C O M PAG E | DA N I E L M A R T I N K AT Z . C O M C O R P | L E X P R E D I C T. C O M NELSON ROSARIO B LO G | L AWO F C RY P TO C U R R E N C Y. C O M PAG E | N E L S O N M RO S A R I O . C O M F I R M | S M O L I N S K I RO S A R I O L AW P. C . BLOCKCHAINLAWCLASS.COM L A B | T H E L AW L A B . C O M E D U | I L L I N O I S T E C H - C H I C AG O K E N T L AW
  25. @ computational professor daniel martin katz danielmartinkatz.com BLOCKCHAIN, CRYPTOCURRENCY AND

    LAW professor nelson rosario nelsonmrosario.com @ nelsonmrosario BLOCKCHAINLAWCLASS.COM GOVERNANCE THROUGH CROWDS, CONSENSUS AND P2P NETWORKS