@inproceedings{cc82720c3f0c46b18be3eb64d70525c1,
title = "The seconomics (security-economics) vulnerabilities of Decentralized Autonomous Organizations",
abstract = "{\textcopyright} Springer International Publishing AG 2017.Traditionally, security and economics functionalities in IT financial services and protocols (FinTech) have been perceived as separate objectives. We argue that keeping them separate is a bad idea for FinTech “Decentralized Autonomous Organizations” (DAOs). In fact, security and economics are one for DAOs: we show that the failure of a security property, e.g. anonymity, can destroy a DAOs because economic attacks can be tailgated to security attacks. This is illustrated by the examples of “TheDAO” (built on the Ethereum platform) and the DAOed version of a Futures Exchange. We claim that security and economics vulnerabilities, which we named seconomics vulnerabilities, are indeed new “beasts” to be reckoned with.",
author = "F. Massacci and C.N. Ngo and J. Nie and D. Venturi and J. Williams",
year = "2017",
doi = "10.1007/978-3-319-71075-4_19",
language = "English",
isbn = "9783319710747",
series = "Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)",
publisher = "Springer Verlag",
pages = "171--179",
editor = "F. Stajano and B. Christianson and V. Matyas and J. Anderson",
booktitle = "Security Protocols XXV - 25th International Workshop, Revised Selected Papers",
note = "25th International Workshop on Security Protocols, 2017 ; Conference date: 20-03-2017 Through 22-03-2017",
}