publication . Preprint . Article . 2018

On Cyber Risk Management of Blockchain Networks: A Game Theoretic Approach

Shaohan Feng; Wenbo Wang; Zehui Xiong; Dusit Niyato; Ping Wang; Shaun Shuxun Wang;
Open Access English
  • Published: 27 Apr 2018
Abstract
Open-access blockchains based on proof-of-work protocols have gained tremendous popularity for their capabilities of providing decentralized tamper-proof ledgers and platforms for data-driven autonomous organization. Nevertheless, the proof-of-work based consensus protocols are vulnerable to cyber-attacks such as double-spending. In this paper, we propose a novel approach of cyber risk management for blockchain-based service. In particular, we adopt the cyber-insurance as an economic tool for neutralizing cyber risks due to attacks in blockchain networks. We consider a blockchain service market, which is composed of the infrastructure provider, the blockchain pr...
Subjects
free text keywords: Computer Science - Cryptography and Security, Computer Science - Computer Science and Game Theory, Service market, Stackelberg competition, Risk perception, Distributed computing, Popularity, Blockchain, Game theoretic, Computer security, computer.software_genre, computer, Rationality, Computer science, Risk management, business.industry, business
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