blockchain
The Download: a blockchain enigma, and the algorithms governing our lives
Jean-Paul Thorbjornsen, an Australian man in his mid-30s, with a rural Catholic upbringing, is a founder of THORChain, a blockchain through which users can swap one cryptocurrency for another and earn fees from making those swaps. THORChain is permissionless, so anyone can use it without getting prior approval from a centralized authority. As a decentralized network, the blockchain is built and run by operators located across the globe. During its early days, Thorbjornsen himself hid behind the pseudonym "leena" and used an AI-generated female image as his avatar. But around March 2024, he revealed his true identity as the mind behind the blockchain. If there is a central question around THORChain, it is this: Exactly who is responsible for its operations?
- North America > United States > Missouri > Jackson County > Independence (0.05)
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- Education (0.70)
- Banking & Finance > Trading (0.50)
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Welcome to the dark side of crypto's permissionless dream
Jean-Paul Thorbjornsen is a leader of THORChain, a blockchain that is not supposed to have any leaders--and is reeling from a series of expensive controversies. We can do whatever we want," Jean-Paul Thorbjornsen tells me from the pilot's seat of his Aston Martin helicopter. As we fly over suburbs outside Melbourne, Australia, it's becoming clear that doing whatever he wants is Thorbjornsen's MO. Upper-middle-class homes give way to vineyards, and Thorbjornsen points out our landing spot outside a winery. "They're going to ask for a shot now," he says, used to the attention drawn by his luxury helicopter, emblazoned with the tail letters "BTC" for bitcoin (the price tag of $5 million in Australian dollars--$3.5 million in US dollars today--was perhaps reasonable for someone who claims a previous crypto project made more than AU$400 million, although he also says those funds were tied up in the company). Thorbjornsen is a founder of THORChain, a blockchain through which users can swap ...
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- Oceania > Australia > Victoria > Melbourne (0.24)
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- Government > Regional Government > North America Government > United States Government (1.00)
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Live Graph Lab: Towards Open, Dynamic and Real Transaction Graphs with NFT
Numerous studies have been conducted to investigate the properties of large-scale temporal graphs. Despite the ubiquity of these graphs in real-world scenarios, it's usually impractical for us to obtain the whole real-time graphs due to privacy concerns and technical limitations. In this paper, we introduce the concept of {\it Live Graph Lab} for temporal graphs, which enables open, dynamic and real transaction graphs from blockchains. Among them, Non-fungible tokens (NFTs) have become one of the most prominent parts of blockchain over the past several years. With more than \$40 billion market capitalization, this decentralized ecosystem produces massive, anonymous and real transaction activities, which naturally forms a complicated transaction network. However, there is limited understanding about the characteristics of this emerging NFT ecosystem from a temporal graph analysis perspective.
Optimizing Day-Ahead Energy Trading with Proximal Policy Optimization and Blockchain
The increasing penetration of renewable energy sources in day-ahead energy markets introduces challenges in balancing supply and demand, ensuring grid resilience, and maintaining trust in decentralized trading systems. This paper proposes a novel framework that integrates the Proximal Policy Optimization (PPO) algorithm, a state-of-the-art reinforcement learning method, with blockchain technology to optimize automated trading strategies for prosumers in day-ahead energy markets. We introduce a comprehensive framework that employs a Reinforcement Learning (RL) agent for multi-objective energy optimization and blockchain for tamper-proof data and transaction management. Simulations using real-world data from the Electricity Reliability Council of Texas (ERCOT) demonstrate the effectiveness of our approach. The RL agent achieves demand-supply balancing within 2% of the demand and maintains near-optimal supply costs for the majority of the operating hours. Moreover, it generates robust battery storage policies capable of handling variability in solar and wind generation. All decisions are recorded on an Algorand-based blockchain, ensuring transparency, au-ditability, and security - key enablers for trustworthy multi-agent energy trading. Our key contributions are a novel system architecture, the use of curriculum learning to train the RL agent, and policy insights that support real-world deployment.
- North America > United States > Texas (0.25)
- Europe > Greece (0.04)
Responsible LLM Deployment for High-Stake Decisions by Decentralized Technologies and Human-AI Interactions
Sachan, Swati, Miller, Theo, Nguyen, Mai Phuong
High-stakes decision domains are increasingly exploring the potential of Large Language Models (LLMs) for complex decision-making tasks. However, LLM deployment in real-world settings presents challenges in data security, evaluation of its capabilities outside controlled environments, and accountability attribution in the event of adversarial decisions. This paper proposes a framework for responsible deployment of LLM-based decision-support systems through active human involvement. It integrates interactive collaboration between human experts and developers through multiple iterations at the pre-deployment stage to assess the uncertain samples and judge the stability of the explanation provided by post-hoc XAI techniques. Local LLM deployment within organizations and decentralized technologies, such as Blockchain and IPFS, are proposed to create immutable records of LLM activities for automated auditing to enhance security and trace back accountability. It was tested on Bert-large-uncased, Mistral, and LLaMA 2 and 3 models to assess the capability to support responsible financial decisions on business lending.
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- North America > United States > Massachusetts > Suffolk County > Boston (0.04)
- Information Technology > Security & Privacy (1.00)
- Banking & Finance (1.00)
Can Artificial Intelligence solve the blockchain oracle problem? Unpacking the Challenges and Possibilities
The blockchain oracle problem, which refers to the challenge of injecting reliable external data into decentralized systems, remains a fundamental limitation to the development of trustless applications. While recent years have seen a proliferation of architectural, cryptographic, and economic strategies to mitigate this issue, no one has yet fully resolved the fundamental question of how a blockchain can gain knowledge about the off-chain world. In this position paper, we critically assess the role artificial intelligence (AI) can play in tackling the oracle problem. Drawing from both academic literature and practitioner implementations, we examine how AI techniques such as anomaly detection, language-based fact extraction, dynamic reputation modeling, and adversarial resistance can enhance oracle systems. We observe that while AI introduces powerful tools for improving data quality, source selection, and system resilience, it cannot eliminate the reliance on unverifiable off-chain inputs. Therefore, this study supports the idea that AI should be understood as a complementary layer of inference and filtering within a broader oracle design, not a substitute for trust assumptions.
- North America > United States > New York > New York County > New York City (0.14)
- North America > United States > California > Santa Clara County > Palo Alto (0.04)
- Europe > United Kingdom > England > Oxfordshire > Oxford (0.04)
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- Law (0.93)
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Decentralized Multi-Agent System with Trust-Aware Communication
Ding, Yepeng, Twabi, Ahmed, Yu, Junwei, Zhang, Lingfeng, Kondo, Tohru, Sato, Hiroyuki
Abstract--The emergence of Large Language Models (LLMs) is rapidly accelerating the development of autonomous multi-agent systems (MAS), paving the way for the Internet of Agents. However, traditional centralized MAS architectures present significant challenges, including single points of failure, vulnerability to censorship, inherent scalability limitations, and critical trust issues. We propose a novel Decentralized Multi-Agent System (DMAS) architecture designed to overcome these fundamental problems by enabling trust-aware, scalable, and censorship-resistant interactions among autonomous agents. Our DMAS features a decentralized agent runtime underpinned by a blockchain-based architecture. We formalize a trust-aware communication protocol that leverages cryptographic primitives and on-chain operations to provide security properties: verifiable interaction cycles, communication integrity, authenticity, non-repudiation, and conditional confidentiality, which we further substantiate through a comprehensive security analysis. The rapid advancements in Large Language Models (LLMs) [1]-[4] have opened unprecedented avenues for creating highly autonomous and intelligent agents. These LLM-augmented agents possess remarkable capabilities in understanding natural language, performing complex reasoning, planning intricate sequences of actions, and engaging in sophisticated communication.
- Asia > Japan > Honshū > Kantō > Tokyo Metropolis Prefecture > Tokyo (0.15)
- Asia > Japan > Honshū > Chūgoku > Hiroshima Prefecture > Hiroshima (0.05)
- North America > United States (0.04)
- Europe > France > Île-de-France > Paris > Paris (0.04)
- Information Technology > Security & Privacy (0.68)
- Law > Civil Rights & Constitutional Law (0.55)
DeFi TrustBoost: Blockchain and AI for Trustworthy Decentralized Financial Decisions
Sachan, Swati, Fickett, Dale S.
This research introduces the Decentralized Finance (DeFi) TrustBoost Framework, which combines blockchain technology and Explainable AI to address challenges faced by lenders underwriting small business loan applications from low-wealth households. The framework is designed with a strong emphasis on fulfilling four crucial requirements of blockchain and AI systems: confidentiality, compliance with data protection laws, resistance to adversarial attacks, and compliance with regulatory audits. It presents a technique for tamper-proof auditing of automated AI decisions and a strategy for on-chain (inside-blockchain) and off-chain data storage to facilitate collaboration within and across financial organizations.
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- Europe > Italy > Lombardy > Milan (0.04)
- Information Technology > Security & Privacy (1.00)
- Banking & Finance > Trading (1.00)
- Banking & Finance > Loans (1.00)
DyPBP: Dynamic Peer Beneficialness Prediction for Cryptocurrency P2P Networking
Sakib, Nazmus, Wuthier, Simeon, Islam, Amanul, Zhou, Xiaobo, Kim, Jinoh, Kim, Ikkyun, Chang, Sang-Yoon
Distributed peer-to-peer (P2P) networking delivers the new blocks and transactions and is critical for the cryptocurrency blockchain system operations. Having poor P2P connectivity reduces the financial rewards from the mining consensus protocol. Previous research defines beneficalness of each Bitcoin peer connection and estimates the beneficialness based on the observations of the blocks and transactions delivery, which are after they are delivered. However, due to the infrequent block arrivals and the sporadic and unstable peer connections, the peers do not stay connected long enough to have the beneficialness score to converge to its expected beneficialness. We design and build Dynamic Peer Beneficialness Prediction (DyPBP) which predicts a peer's beneficialness by using networking behavior observations beyond just the block and transaction arrivals. DyPBP advances the previous research by estimating the beneficialness of a peer connection before it delivers new blocks and transactions. To achieve such goal, DyPBP introduces a new feature for remembrance to address the dynamic connectivity issue, as Bitcoin's peers using distributed networking often disconnect and re-connect. We implement DyPBP on an active Bitcoin node connected to the Mainnet and use machine learning for the beneficialness prediction. Our experimental results validate and evaluate the effectiveness of DyPBP; for example, the error performance improves by 2 to 13 orders of magnitude depending on the machine-learning model selection. DyPBP's use of the remembrance feature also informs our model selection. DyPBP enables the P2P connection's beneficialness estimation from the connection start before a new block arrives.
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- North America > United States > Colorado > El Paso County > Colorado Springs (0.04)
- Asia > South Korea > Daejeon > Daejeon (0.04)
- Asia > China (0.04)
- Information Technology > Security & Privacy (1.00)
- Banking & Finance > Trading (1.00)
Secure Autonomous Agent Payments: Verifying Authenticity and Intent in a Trustless Environment
Artificial intelligence (AI) agents are increasingly capable of initiating financial transactions on behalf of users or other agents. This evolution introduces a fundamental challenge: verifying both the authenticity of an autonomous agent and the true intent behind its transactions in a decentralized, trustless environment. Traditional payment systems assume human authorization, but autonomous, agent-led payments remove that safeguard. This paper presents a blockchain-based framework that cryptographically authenticates and verifies the intent of every AI-initiated transaction. The proposed system leverages decentralized identity (DID) standards and verifiable credentials to establish agent identities, on-chain intent proofs to record user authorization, and zero-knowledge proofs (ZKPs) to preserve privacy while ensuring policy compliance. Additionally, secure execution environments (TEE-based attestations) guarantee the integrity of agent reasoning and execution. The hybrid on-chain/off-chain architecture provides an immutable audit trail linking user intent to payment outcome. Through qualitative analysis, the framework demonstrates strong resistance to impersonation, unauthorized transactions, and misalignment of intent. This work lays the foundation for secure, auditable, and intent-aware autonomous economic agents, enabling a future of verifiable trust and accountability in AI-driven financial ecosystems.
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