Fair Voting System for Permissionless Decentralized Autonomous Organizations

Sammanfattning: The increasingly adapted technology called blockchain can be viewed as a distributed append-only time-stamped data structure which is made possible by a distributed peer-to-peer network. The network uses cryptography and different consensus mechanisms to ensure immutability, security, transparency, and speed in a decentralized fashion. A permissionless decentralized autonomous organization (DAO) is an application deployed on a blockchain that enables people to govern and coordinate themselves in a decentralized manner through self-executing rules where anyone can join. A foundational function of a DAO is the voting system which dictates how the governance of the DAO is conducted. Voting systems in DAOs are currently not well researched and the currently used solutions have flaws, they are either not secure or they have the risk of resulting in unfair outcomes. This is the problem that this project focuses on. The problem was approached by conducting research in the field and through the conclusions of the research a new solution for a voting system was proposed and implemented. The proposed solution can be used to gain inspiration in further studies or be tested and developed to evaluate it in practice.