Blockchain miners’ risk management by Pierre-Olivier Goffard (ISFA, University of Lyon, UCSB)

Event Date: 

Monday, April 25, 2022 - 3:30pm to 4:30pm

Event Location: 

  • Sobel seminar room (South Hall 5607F)

Seminar by Pierre-Olivier Goffard (ISFA, University of Lyon, UCSB) 


Title: Blockchain miners’ risk management


Abstract: A blockchain is a decentralized data ledger maintained by achieving consensus inside a peer-to-peer network. The operational cost associated to the consensus mechanism is borne by the node of the blockchain network and must be compensated by a reward. Insurance risk models are revisited in this context to study the profit and loss distribution of the nodes, referred to as miners in blockchains equipped with the proof-of-work protocol (used in the bitcoin blockchain for instance).


This talk presents the finding of two research papers available online at  and