A preliminary research of prediction markets based on blockchain powered smart contracts
Shuai Wang; Xiaochun Ni; Yong Yuan; Xiao Wang; Liwei Ouyang; Fei-Yue Wang
2018
会议名称The 2018 IEEE International Conference on Blockchain (Blockchain-2018)
会议日期30 Jul.- 3 Aug., 2018.
会议地点Halifax, Canada
摘要
; Prediction markets are markets where participants trade contracts whose payoffs are tied to a future event, there by yielding prices that can be interpreted as market aggregated forecasts. Past studies have shown that the prediction markets can provide accurate forecasts, sometimes better than sophisticated statistical tools. Due to their advantages, prediction markets have been widely used in the prediction of elections, project management, product quality, and impact of events. However, prediction markets also have some limitations, e.g., poor anonymity and limited market liquidity. In this paper, we propose to apply blockchain powered smart contracts to the prediction markets. First, we give a comprehensive overview on the prediction markets, including their theoretical basis, classification and applications. Second, we present how to design prediction markets based on smart contracts. Then, the algorithm of contracts implementation is proposed. Finally, in order to verify the effectiveness of the algorithm, an intraenterprise prediction market is built based on a private blockchain. The experimental results show that the market can make accurate prediction for a particular event. In addition, the autonomy, self-sufficiency, and decentralization characteristics of blockchain make the prediction markets more efficient and robust.
收录类别EI
语种英语
文献类型会议论文
条目标识符http://ir.ia.ac.cn/handle/173211/21814
专题复杂系统管理与控制国家重点实验室_先进控制与自动化
作者单位Chinese Acad Sci, State Key Lab Management & Control Complex Syst, Inst Automat, Beijing 100864, Peoples R China
推荐引用方式
GB/T 7714
Shuai Wang,Xiaochun Ni,Yong Yuan,et al. A preliminary research of prediction markets based on blockchain powered smart contracts[C],2018.
条目包含的文件 下载所有文件
文件名称/大小 文献类型 版本类型 开放类型 使用许可
A Preliminary Resear(559KB)会议论文 开放获取CC BY-NC-SA浏览 下载
个性服务
推荐该条目
保存到收藏夹
查看访问统计
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Shuai Wang]的文章
[Xiaochun Ni]的文章
[Yong Yuan]的文章
百度学术
百度学术中相似的文章
[Shuai Wang]的文章
[Xiaochun Ni]的文章
[Yong Yuan]的文章
必应学术
必应学术中相似的文章
[Shuai Wang]的文章
[Xiaochun Ni]的文章
[Yong Yuan]的文章
相关权益政策
暂无数据
收藏/分享
文件名: A Preliminary Research of Prediction Markets Based on Blockchain Powered Smart Contracts.pdf
格式: Adobe PDF
所有评论 (0)
暂无评论
 

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。