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Blockchain-Based Governance in Fractional Ownership: Mitigating Zero-Sum Games Through Decentralized Autonomous Agents

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Context-Aware Systems and Applications (ICCASA 2021)

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Abstract

The sharing economy is a mega-trend in the world and fractional homeownership is on the rise. When each transaction is a high-stake bargaining game involving multiple stakeholders, maintaining a harmonious and frictionless fractional ownership in real estate is challenging. While academics and practitioners have been focusing on nascent technology like blockchain application in this domain, their potential in supporting the governance of fractional ownership is not fully understood. Using a design science research approach, this paper studies the conflicts of interests in fractional ownership real estate transactions through the lens of zero-sum game and three dimensions of full, equal, and trustful participations. It then proposes a novel, blockchain-based governance ecosystem built on a decentralized autonomous organization.

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Authors and Affiliations

  1. The University of Auckland, Auckland, 1010, New Zealand

    Mina Cu, Johnny Chan, Gabrielle Peko & David Sundaram

Authors
  1. Mina Cu
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  2. Johnny Chan
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  3. Gabrielle Peko
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  4. David Sundaram
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Corresponding author

Correspondence to Mina Cu .

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Editors and Affiliations

  1. Nguyen Tat Thanh University, Ho Chi Minh City, Vietnam

    Phan Cong Vinh

  2. University of the West of England, Bristol, UK

    Abdur Rakib

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Cu, M., Chan, J., Peko, G., Sundaram, D. (2021). Blockchain-Based Governance in Fractional Ownership: Mitigating Zero-Sum Games Through Decentralized Autonomous Agents. In: Cong Vinh, P., Rakib, A. (eds) Context-Aware Systems and Applications. ICCASA 2021. Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering, vol 409. Springer, Cham. https://doi.org/10.1007/978-3-030-93179-7_19

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  • DOI: https://doi.org/10.1007/978-3-030-93179-7_19

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-93178-0

  • Online ISBN: 978-3-030-93179-7

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