The Seconomics (Security-Economics) Vulnerabilities of Decentralized Autonomous Organizations

被引:7
|
作者
Massacci, Fabio [1 ]
Ngo, Chan Nam [1 ]
Nie, Jing [1 ]
Venturi, Daniele [2 ]
Williams, Julian [3 ]
机构
[1] Univ Trento, Dept Informat Engn & Comp Sci, Trento, Italy
[2] Sapienza Univ Rome, Comp Sci Dept, Rome, Italy
[3] Univ Durham, Business Sch, Durham, England
来源
SECURITY PROTOCOLS XXV | 2017年 / 10476卷
关键词
Seconomics vulnerabilities; FinTech; Security protocols; Decentralized Autonomous Organizations;
D O I
10.1007/978-3-319-71075-4_19
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
Traditionally, security and economics functionalities in IT financial services and protocols (FinTech) have been perceived as separate objectives. We argue that keeping them separate is a bad idea for FinTech "Decentralized Autonomous Organizations" (DAOs). In fact, security and economics are one for DAOs: we show that the failure of a security property, e.g. anonymity, can destroy a DAOs because economic attacks can be tailgated to security attacks. This is illustrated by the examples of "TheDAO" (built on the Ethereum platform) and the DAOed version of a Futures Exchange. We claim that security and economics vulnerabilities, which we named seconomics vulnerabilities, are indeed new "beasts" to be reckoned with.
引用
收藏
页码:171 / 179
页数:9
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