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Library/DP1 - Decentralized, party-independent control of the escrow/payment

Design Principle

DP1 - Decentralized, party-independent control of the escrow/payment

The contract and its escrow/payment mechanism should be governed in a decentralized manner so that it is controlled by neither the newsvendor nor the expert;

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01

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Concept identity

design-knowledge/aligning-newsvendors-scoring-rules-dp1
Open concept record
Producer label
DP1
Source paper
Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules
Timestamp
2026-07-16T00:00:00+00:00
Bundle path
design-knowledge/aligning-newsvendors-scoring-rules-dp1.md
aligning-newsvendors-scoring-rulesdesign-principleforecastingsmart-contractssupply-chaintrust

Design principle DP1: Decentralized, party-independent control of the escrow/payment

The contract and its escrow/payment mechanism should be governed in a decentralized manner so that it is controlled by neither the newsvendor nor the expert; on a blockchain, escrow accounts are collectively controlled by a set of independent computational devices, which enhances trust between the parties.

Source paper

This design principle is proposed by Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules (Arthur Carvalho, Majid Karimi, 2021).

Citations

[1] Arthur Carvalho, Majid Karimi. Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules. Decision Support Systems 151 (2021) 113626. https://doi.org/10.1016/j.dss.2021.113626 (opens in a new tab) [2] Source document: Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules.pdf

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Paper

Paper1
Paper
papers/aligning-newsvendors-scoring-rules

Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules

The paper proposes a proper scoring rule, tailored to the newsvendor's decision problem, that rewards a forecasting expert for higher effort, and shows that coding the rule as a blockchain-based smart contract lets the newsvendor signal trustworthiness while inducing the expert to exert more effort.

aligning-newsvendors-scoring-rulesblockchaindesign-science-researchforecasting+3

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    Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules

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    DP1 - Decentralized, party-independent control of the escrow/payment
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    Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules
    Link label
    Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules
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    Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules

    Paper
    Source
    Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules
    Target
    DP1 - Decentralized, party-independent control of the escrow/payment
    Link label
    Design principle DP1: Decentralized, party-independent control of the escrow/payment
    Status
    Resolved

    Derived heading context: Design knowledge

04

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Design PrincipleSeed

DP1 - Decentralized, party-independent control of the escrow/payment

Bundle identity

Concept ID
design-knowledge/aligning-newsvendors-scoring-rules-dp1
Markdown path
design-knowledge/aligning-newsvendors-scoring-rules-dp1.md
Producer label
DP1
Native type
design-principle

Markdown summary

Design principle DP1: Decentralized, party-independent control of the escrow/payment The contract and its escrow/payment mechanism should be governed in a decentralized manner so that it is controlled by neither the newsvendor nor the expert; on a blockchain, escrow accounts are collectively controlled by a set of independent computational devices, which enhances trust between the parties. Source paper This design principle is proposed by Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules (Arthur Carvalho, Majid Karimi, 2021). Citations [1] Arthur Carvalho, Majid Karimi. Aligning the interests of newsvendors and…

Tags

  • aligning-newsvendors-scoring-rules
  • design-principle
  • forecasting
  • smart-contracts
  • supply-chain
  • trust
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05

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{
  "type": "design-principle",
  "title": "DP1 - Decentralized, party-independent control of the escrow/payment",
  "description": "The contract and its escrow/payment mechanism should be governed in a decentralized manner so that it is controlled by neither the newsvendor nor the expert;",
  "resource": "https://doi.org/10.1016/j.dss.2021.113626",
  "source_paper": "Aligning the interests of newsvendors and forecasters through blockchain-based smart contracts and proper scoring rules",
  "label": "DP1",
  "tags": [
    "aligning-newsvendors-scoring-rules",
    "design-principle",
    "supply-chain",
    "forecasting",
    "smart-contracts",
    "trust"
  ],
  "timestamp": "2026-07-16T00:00:00+00:00"
}