Bytom researcher Tom Liu’s Paper “MovER: Stabilize Decentralized Finance System with Practical Risk Management” was accepted by BRAINS 2020
What is BRAINS？
BRAINS 2020 — Conference on Blockchain Research & Applications for Innovative Networks and Services 2020
Blockchain and Distributed Ledger Technologies (DLT) have the potential to disrupt any domain involving coordination among autonomous resources. This includes finance and payments (e.g., Facebook Libra), but also networks (e.g., power grids or telecom networks), computing (e.g., brokering of edge resources), IoT (e.g., supply chain or industry 4.0) or service platforms (e.g., identity management).
BRAINS conference is dedicated to these new advances that could make the world of networks and services more secure while enabling new distributed business models.
BRAINS conference is dedicated to these new advances that could make the world of networks and services more secure while enabling new distributed business models.
Areas of interest include, but are not limited to:
- Fundamentals of Blockchain and DLT :
- Theoretical contributions on blockchain and DLT
- Distributed consensus and fault tolerance solutions, including domain-specific consensus (e.g., for networking)
- Tradeoffs between decentralization, scalability, performance and security
- Protocols and algorithms
- Decentralized Apps, Smart contracts and chain code :
- Development languages and tooling
- Security, Privacy, Attacks, Forensics
- Transaction Monitoring and Analysis
- Token Economy
- Distributed Trust
- Collaboration between on-chain and off-chain code
- Oracle
- Application and service cases of DLT and Smart-Contracts:
- Finance and payments
- IoT and cyber-physical systems
- Smart grids and Industry 4.0
- Networking, Edge and Cloud Technologies
- 5G Technologies, Telecom Process and Operation
- Supply chain management
- Connected and autonomous vehicles
- Services or Resources Marketplaces
- Blockchain as a service
- Blockchain-defined networking
BRAINS is supported by IEEE (Institute of Electrical and Electronics Engineers), and ACM (Association for Computing Machinery) and
What’s the Paper about？
Distributed finance is becoming more and more popular in the blockchain field and is becoming a new trend in blockchain. However, more and more security risks are also exposed, which seriously threaten the security of the blockchain system. In this article, we propose a decentralized stable financial system based on modern risk management and evaluation system. From an economic perspective, this system includes a collateral framework, a stability mechanism, and a liquidation mechanism. At the same time, risk bonds were introduced to resist the influence of the black swan. A brand new on-chain financial system must include modern risk management models and theories. MovER has constructed an all-weather risk management framework, based on Markov chains, loss distribution, and volatility prediction. The risk management framework can assess the following three risks: market risk, credit risk, and operational risk.
This paper proposes a decentralized and stable financial system based on a modern risk management and evaluation system, including a collateral framework, stability mechanism, and liquidation mechanism. At the same time, risk bonds were introduced to resist the influence of the black swan. This theory fills vacancies related to risk management in the DeFi field, which means that the research work related to the Bytom is at the forefront of the industry, and it also provides a solid theoretical basis for the subsequent development of MOV.
MOV — Build the next generation of Financial System
The DeFi field is a new direction for blockchain exploration. Recently, security issues have emerged. As the next generation of the decentralized financial systems, MOV needs to fully absorb the previous DeFi experience and lessons. Use new risk management theories and frameworks to ensure the safety, high performance, and robustness of MOV.
This Paper shows that Bytom has conducted in-depth research in the field of DeFi.
