Research Article
Blockchain-Based Governance in Fractional Ownership: Mitigating Zero-Sum Games Through Decentralized Autonomous Agents
@INPROCEEDINGS{10.1007/978-3-030-93179-7_19, author={Mina Cu and Johnny Chan and Gabrielle Peko and David Sundaram}, title={Blockchain-Based Governance in Fractional Ownership: Mitigating Zero-Sum Games Through Decentralized Autonomous Agents}, proceedings={Context-Aware Systems and Applications. 10th EAI International Conference, ICCASA 2021, Virtual Event, October 28--29, 2021, Proceedings}, proceedings_a={ICCASA}, year={2022}, month={1}, keywords={Blockchain Governance Risk and compliance Decentralized autonomous organization Fractional ownership}, doi={10.1007/978-3-030-93179-7_19} }- Mina Cu
Johnny Chan
Gabrielle Peko
David Sundaram
Year: 2022
Blockchain-Based Governance in Fractional Ownership: Mitigating Zero-Sum Games Through Decentralized Autonomous Agents
ICCASA
Springer
DOI: 10.1007/978-3-030-93179-7_19
Abstract
The sharing economy is a mega-trend in the world and fractional homeownership is on the rise. When each transaction is a high-stake bargaining game involving multiple stakeholders, maintaining a harmonious and frictionless fractional ownership in real estate is challenging. While academics and practitioners have been focusing on nascent technology like blockchain application in this domain, their potential in supporting the governance of fractional ownership is not fully understood. Using a design science research approach, this paper studies the conflicts of interests in fractional ownership real estate transactions through the lens of zero-sum game and three dimensions of full, equal, and trustful participations. It then proposes a novel, blockchain-based governance ecosystem built on a decentralized autonomous organization.
