SOCIAL WELFARE THROUGH BLOCKCHAIN-BASED E-VOTING

There is plenty of instances where blockchain was already proven to be a technology to coordinate voting where a decentralized approach can make voting possibly more secure. This work focuses on the design of smart contracts, which lastly coordinate automatically a voting process. The design is crucial, therewith voting purposes can be successfully reached. In this work, game theory and mechanism design are used to design a voting mechanism that maximizes social welfare among the participants for complex and multi-criteria decision-making for common goods. This theoretical contribution is exemplified by considering a city forest the participants can decide over by blockchain voting. An agent-based simulation examines that game-theoretical situation and shows how the different participants’ voting strategies behave