University: University of Technology Sydney
Dr. Hai Dong (Primary – RMIT)
Prof. Zahir Tari (RMIT)
Dr. Dilum Bandara (Data61/CSIRO)
Industry partner: ANZ
A Governance Framework for Real-time Constraint Enforcement in Blockchains
My thesis topic deals with governing transactions in blockchain environments. Blockchains facilitate automated, direct transactions between end-users. Their automatic nature necessitates governance mechanisms which also function automatically. Otherwise, blockchains have heightened risk exposures to illegal operations such as money laundering. Therefore, it is important to have governance models and control frameworks for different application design patterns. We plan to identify gaps in existing governance protocols & scoring systems, and to critically evaluate and benchmark them.
Australian and New Zealand Banking Group (ANZ) is one of the major banks in Australia offering a vast array of financial services from retail to institutional banking. They are keen to expand their service portfolio from traditional financial solutions to decentralised finance (DeFi). ANZ is a pioneer in the DeFi space, being the first bank to mint a digital asset linked to the Australian dollar, the A$DC stablecoin. They are looking at novel services that can benefit from distributed ledger technology.
What part of the business is the researcher involved in?
What questions/problems is the researcher helping to answer/solve?
How can ADIs safely deploy tokenised assets on open market, public permissionless blockchain technology, create overall governance model.