Automated Fairness Checking for Decentralised Applications
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Technology Overview
This invention introduces FairCon, an auditing software designed to identify fairness issues in decentralized applications (DApps) on blockchain, offers certification services to ensure fairness in operations, targeting companies developing DApps for applications like auctions, voting, and token exchanges.
CATEGORY
TECHNOLOGY READINESS LEVEL (TRL)
Maritime compliance and audting
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Fair & Secure Maritime Smart Contracts:
Automatically detects fairness vulnerabilities in blockchain-based shipping contracts, freight auctions, and charter agreements to prevent exploitation.
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Greater Trust Across Maritime Ecosystems:
Enhances transparency and confidence among carriers, ports, shippers, insurers, and regulators using decentralised platforms.
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Risk Mitigation in Digital Trade Transactions:
Risk Mitigation in Digital Trade Transactions: Identifies collusion risks, biased rules, or unfair execution in tokenised cargo, asset exchanges, and automated payment systems.
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Supports Governance & Certification:
Enables fairness auditing and certification of maritime blockchain applications, strengthening compliance and regulatory credibility.
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Accelerates Safe Blockchain Adoption:
Reduces implementation risks and increases stakeholder confidence in decentralised maritime logistics and trade systems.
Maritime Use Cases
The FairCon framework could be used to ensure the fairness and transparency of decentralized applications (DApps) deployed in maritime supply chain management, logistics, asset tracking, and other critical operations. This would help build trust and accountability in the maritime industry’s digital systems.
The framework could be integrated into maritime DApps to continuously monitor and verify the fairness of algorithms, data processing, and decision-making, ensuring equitable treatment of all stakeholders, including suppliers, logistics providers, and end-customers.
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