An active preference learning approach to aid the selection of validators in blockchain environments

Jonas Gehrlein, Grzegorz Miebs, Matteo Brunelli and Miłosz Kadziński

Omega, 2023, vol. 118, issue C

Abstract: We consider a real-world problem faced in some blockchain ecosystems that select their active validators—the actors that maintain the blockchain—from a larger set of candidates through an election-based mechanism. Specifically, we focus on Polkadot, a protocol that aggregates preference lists from another set of actors, nominators, that contain a limited number of trusted validators and thereby influence the election’s outcome. This process is financially incentivized but often overwhelms human decision makers due to the problem’s complexity and the multitude of available alternatives. This paper presents a decision support system (DSS) to help the nominators choose the validators in an environment with frequently changing data. The system structures the relevant multiple attribute problem and incorporates a dedicated active learning algorithm. Its goal is to find a sufficiently small set of pairwise elicitation questions to infer nominators’ preferences. We test the proposed solution in an experiment with 115 real nominators from the Polkadot ecosystem. The empirical results confirm that our approach outperforms the unaided process in terms of required interaction time, imposed cognitive effort, and offered efficacy. The developed DSS can be easily extended to other blockchain ecosystems.

Keywords: Blockchain ecosystem; Validator selection; Multiple criteria decision analysis; Active learning; Preference learning; Multi-attribute value function (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1016/j.omega.2023.102869

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