Racin W Nygaard: Motivating increased participation with incentives

Wed, Oct 2, 2019, 12:00 AM

Racin Nygaard: Motivating increased participation with incentives This talk will mainly be focused on Proof-of-Storage and a discussion about how to fairly incentivise storage providers. I plan to start the talk by introducing the document storage part of the BBChain project. The BBChain project envisions a global academic database for degree certificates, and to that end aims to verify document authenticity using biometric signatures of the students. Following this introduction I want to have a high-level talk about the properties and features we desire in the Proof-of-Storage / Proof-of-Custody scheme. In particular I want to discuss the trade-offs which we foresee have to be considered in a practical system. Lastly I want to talk briefly about how the PoS/PoC scheme is coupled with the incentive scheme, and provide motivation for why the incentive scheme is the primary mechanism for keeping rational participants contributing to the system. About Racin Racin Nygaard is a Research Fellow at the University of Stavanger. Racin is studying the feasibility of a distributed storage system for authenticated documents based on blockchain technology. Racin received his Master’s degree in Computer Science at the University of Stavanger in June 2018, and has since then worked in the same lab towards his PhD. The topic of the concluding Master’s Thesis was Distributed Storage with Strong Data Integrity based on Blockchain Mechanisms. Recently, he presented a poster paper at ACM SAC 2019, DADS track, titled Distributed Storage System based on Permissioned Blockchain. Racin worked full time as a senior software developer for five years before his academic positions.