Composition and combination‐based object trust evaluation for knowledge management in virtual organizations

Purpose – This paper aims to develop a framework for object trust evaluation and related object trust principles to facilitate knowledge management in a virtual organization. It proposes systematic methods to quantify the trust of an object and defines the concept of object trust management. The study aims to expand the domain of subject trust to object trust evaluation in terms of whether an object is correct and accurate in expressing a topic or issue and whether the object is secure and safe to execute (in the case of an executable program). By providing theoretical and empirical insights about object trust composition and combination, this research facilitates better knowledge identification, creation, evaluation, and distribution. Design/methodology/approach This paper presents two object trust principles – trust composition and trust combination. These principles provide formal methodologies and guidelines to assess whether an object has the required level of quality and security features (hence it is trustworthy). The paper uses a component‐based approach to evaluate the quality and security of an object. Formal approaches and algorithms have been developed to assess the trustworthiness of an object in different cases. Findings The paper provides qualitative and quantitative analysis about how object trust can be composed and combined. Novel mechanisms have been developed to help users evaluate the quality and security features of available objects. Originality/value This effort fulfills an identified need to address the challenging issue of evaluating the trustworthiness of an object (e.g. a software program, a file, or other type of knowledge element) in a loosely‐coupled system such as a virtual organization. It is the first of its kind to formally define object trust management and study object trust evaluation

KRNC: New Foundations for Permissionless Byzantine Consensus and Global Monetary Stability

This paper applies biomimetic engineering to the problem of permissionless Byzantine consensus and achieves results that surpass the prior state of the art by four orders of magnitude. It introduces a biologically inspired asymmetric Sybil-resistance mechanism, Proof-of-Balance, which can replace symmetric Proof-of-Work and Proof-of-Stake weighting schemes. The biomimetic mechanism is incorporated into a permissionless blockchain protocol, Key Retroactivity Network Consensus ("KRNC"), which delivers ~40,000 times the security and speed of today's decentralized ledgers. KRNC allows the fiat money that the public already owns to be upgraded with cryptographic inflation protection, eliminating the problems inherent in bootstrapping new currencies like Bitcoin and Ethereum. The paper includes two independently significant contributions to the literature. First, it replaces the non-structural axioms invoked in prior work with a new formal method for reasoning about trust, liveness, and safety from first principles. Second, it demonstrates how two previously overlooked exploits, book-prize attacks and pseudo-transfer attacks, collectively undermine the security guarantees of all prior permissionless ledgers.Comment: 104 page