Abstract
An increasing number of online knowledge communities have started incorporating the cut-edge FinTech, such as the tokenbased incentive mechanism running on blockchain, into their ecosystems. However, the improper design of incentive mechanisms may result in reward monopoly, which has been observed to harm the ecosystems of exiting communities. This study is aimed to ensure that the key factors involved in users’ reward distribution can truly reflect their contributions to the community so as to increase the equity of wealth distribution. It is one of the first to comprehensively balance a user’s historical and current contributions in reward distribution, which has not received sufficient attention from extant research. The simulation analysis demonstrates that the proposed solution of amending the existing incentive mechanism by incorporating a refined reputation indicator significantly increases the equity of rewards distribution and effectively enlarges the cost of achieving reward monopoly.
Recommended Citation
Xie, Yongjing; Li, Zhihong; and Xu, Xiaoying, "Addressing Wealth Inequality Problem in Blockchain-Enabled Knowledge Community with Reputation-Based Incentive Mechanism" (2021). ICEB 2021 Proceedings (Nanjing, China). 28.
https://aisel.aisnet.org/iceb2021/28