Abstract:

The blockchain has shortcomings in active external data acquisition. Therefore, a decentralized regulatory architecture based on smart contracts and prophecy machines with active sensor networks(DR-ASNet) was proposed. Furthermore, the influence of opinion leaders in the blockchain token economy and their impact on asset prices were explored. The study employed an empirical analysis to examine how opinion leaders could influence token asset prices through ICO using an event study approach, using Musk’s social media influence on Dogecoin as an example. The results demonstrated that opinion leaders are able to leverage financial resources and data traffic in social networks to influence token prices and gain excess returns. In light of these findings, a regulatory framework was devised, integrating smart contracts and ChainLink prophecy machines to facilitate risk assessment and the provision of early warnings regarding token offerings. The research provides regulators and enterprises with essential references for developing and governing blockchain financial products.

Key words: blockchain, smart contracts, active sensor networks, event study method, decentralized regulatory scheme