2 research outputs found
Zero-Knowledge Proof-of-Identity: Sybil-Resistant, Anonymous Authentication on Permissionless Blockchains and Incentive Compatible, Strictly Dominant Cryptocurrencies
Zero-Knowledge Proof-of-Identity from trusted public certificates (e.g.,
national identity cards and/or ePassports; eSIM) is introduced here to
permissionless blockchains in order to remove the inefficiencies of
Sybil-resistant mechanisms such as Proof-of-Work (i.e., high energy and
environmental costs) and Proof-of-Stake (i.e., capital hoarding and lower
transaction volume). The proposed solution effectively limits the number of
mining nodes a single individual would be able to run while keeping membership
open to everyone, circumventing the impossibility of full decentralization and
the blockchain scalability trilemma when instantiated on a blockchain with a
consensus protocol based on the cryptographic random selection of nodes.
Resistance to collusion is also considered.
Solving one of the most pressing problems in blockchains, a zk-PoI
cryptocurrency is proved to have the following advantageous properties:
- an incentive-compatible protocol for the issuing of cryptocurrency rewards
based on a unique Nash equilibrium
- strict domination of mining over all other PoW/PoS cryptocurrencies, thus
the zk-PoI cryptocurrency becoming the preferred choice by miners is proved to
be a Nash equilibrium and the Evolutionarily Stable Strategy
- PoW/PoS cryptocurrencies are condemned to pay the Price of Crypto-Anarchy,
redeemed by the optimal efficiency of zk-PoI as it implements the social
optimum
- the circulation of a zk-PoI cryptocurrency Pareto dominates other PoW/PoS
cryptocurrencies
- the network effects arising from the social networks inherent to national
identity cards and ePassports dominate PoW/PoS cryptocurrencies
- the lower costs of its infrastructure imply the existence of a unique
equilibrium where it dominates other forms of paymentComment: 2.1: Proof-of-Personhood Considered Harmful (and Illegal); 4.1.5:
Absence of Active Authentication; 4.2.6: Absence of Active Authentication;
4.2.7: Removing Single-Points of Failure; 4.3.2: Combining with
Non-Zero-Knowledge Authentication; 4.4: Circumventing the Impossibility of
Full Decentralizatio
Digital Skills Colloquium 2020: Enhancing Human Capacity for Digital Transformation
The theme for the Digital Skills 2020 Colloquium and Postgraduate Symposium was “Enhancing
Human Capacity for Digital Transformation: It is about people”. It is widely accepted that current
digital changes that are sweeping through the world are significantly altering the environment in
which every organisation, including government, is operating. The scale and scope of the
change is what makes all the difference. The way in which organisations respond to these
environmental changes will determine their survival. The nature of a digitally transformed
organisation cannot be foretold as every organisation will respond according to their local and
global environment. There are, however, some uncomfortable realities; manufacturing jobs will
not be reinstated, and even if they did, the manufacturing industries are necessarily more capital
and not labour intensive (Stiglitz, 2017). Globally, we are experiencing rising unemployment and
income inequality as well as increased demand for high skilled labour (Glenn, Florescu &
Project, 2019).
Accordingly, the Colloquium sought to explore the role played by digital skills in our rapidly
transforming realities. The event attracted full academic research papers, case studies,
research work that still in progress and practitioner reports and models that portray the NEMISA
collaborative ethos involving government, industry and other sectors. Some plenary sessions
and guest speakers shared insights on topics such as emerging technologies, blockchain,
machine learning, gamification in education, application of 3D printing, upscaling of ICT for
development programmes and citizen online safety.School of Computin