A Scalable Voting System: Validation of Holographic Consensus in DAOstack

Presenter Information

Youssef Faqir-Rhazoui, Universidad Complutense de MadridFollow
Javier Arroyo, Facultad de Informática, Universidad Complutense de MadridFollow
Samer Hassan, Berkman Klein Center, Harvard University (USA), Knowledge Technology Institute, Universidad Complutense de MadridFollow

Location

Online

Event Website

https://hicss.hawaii.edu/

Start Date

4-1-2021 12:00 AM

End Date

9-1-2021 12:00 AM

Description

Blockchain technology allows for new forms of online governance relying on decentralized infrastructure. In particular, it has enabled the so called Decentralized Autonomous Organizations (DAOs): pieces of software deployed on a blockchain which mediate the interaction of groups of people. Allegedly, their main aim is to facilitate large-scale decentralized cooperation in online communities. In order to do that, they provide governance mechanisms for democratic decision-making in communities. One of the most popular novel decision-making systems is "Holographic Consensus", a voting mechanism intended to filter relevant proposals for large communities. To which extent is Holographic Consensus working as intended, facilitating effective scalable cooperation? In order to validate this method, we analyze the 22 DAO communities and 6000 users from the DAOstack platform, which uses Holographic Consensus in all its DAOs.