报告地点：腾讯会议 ID: 882 4461 9458
Guangzhi Shang is Jim Moran Associate Professor of Operations Management in the Department of Business Analytics, Information Systems, and Supply Chain at Florida State University. His research has been published in Production and Operations Management (POM), Journal of Operations Management (JOM), and Decision Sciences (DS), among others, and recognized by best paper awards at POM, JOM, and POM Society’s College of Operational Excellence. He serves as the co-Department-Editor for the Empirical Research Methods Department at JOM and for the Retail Operations Department at DS. His review service is recognized by the 2019 outstanding reviewer award of DS and the 2018 best reviewer award of the Journal of Operations Management. He was also nominated for the best reviewer for POM and best associate editor for JOM. He co-produces a column together with Mike Galbreth and Mark Ferguson in the Reverse Logistics Magazine named “View from Academia,” aimed at disseminating fresh-off-the-press academic knowledge among industry professionals dealing with consumer returns.
Blockchain-based platforms often rely on token-weighted voting “τ-weighting”Permissionless blockchains require a protocol to generate consensus. Many prominent permissionless blockchains employ Proof-of-Work (PoW) for that purpose, but PoW possesses significant shortcomings.Various alternatives have been proposed.This paper provides the first formal economic model of the most famous alternative, Proof-of-Stake (PoS), and establishes conditions under which PoS generates consensus. A sufficiently modest reward schedule not only implies the existence of an equilibrium in which consensus obtains as soon as possible but also precludes a persistent forking equilibrium. The latter result arises because PoS, unlike PoW, requires that validators are also stake-holders.