WallStreetFeds: Client-Specific Tokens as Investment Vehicles in Federated Learning
Federated Learning (FL) is a collaborative machine learning paradigm which allows participants to collectively train a model while training data remains private. This paradigm is especially beneficial for sectors like finance, where data privacy, security and model performance are paramount. FL has been extensively studied in the years following its introduction, leading to, among others, better performing collaboration techniques, ways to defend against other clients trying to attack the model, and contribution assessment methods. An important element in for-profit Federated Learning is the development of incentive methods to determine the allocation and distribution of rewards for participants. While numerous methods for allocation have been proposed and thoroughly explored, distribution frameworks remain relatively understudied. In this paper, we propose a novel framework which introduces client-specific tokens as investment vehicles within the FL ecosystem. Our framework aims to address the limitations of existing incentive schemes by leveraging a decentralized finance (DeFi) platform and automated market makers (AMMs) to create a more flexible and scalable reward distribution system for participants, and a mechanism for third parties to invest in the federation learning process.
Code (0)
등록된 구현이 없습니다.
Tasks
Contribution AssessmentFederated LearningSimilar Papers 제목 키워드 기반
Measuring Financial Advice: aligning client elicited and revealed risk
Financial advisors use questionnaires and discussions with clients to determine a suitable portfolio of assets that will allow clients to reach their investment objectives. Financial institutions assign risk ratings to e…
Personalized Robo-Advising: Enhancing Investment through Client Interaction
Automated investment managers, or robo-advisors, have emerged as an alternative to traditional financial advisors. The viability of robo-advisors crucially depends on their ability to offer personalized financial advice.…
Portfolio OptimizationKnow Your Clients' behaviours: a cluster analysis of financial transactions
In Canada, financial advisors and dealers are required by provincial securities commissions and self-regulatory organizations--charged with direct regulation over investment dealers and mutual fund dealers--to respective…
ClusteringInference of Utilities and Time Preference in Sequential Decision-Making
This paper introduces a novel stochastic control framework to enhance the capabilities of automated investment managers, or robo-advisors, by accurately inferring clients' investment preferences from past activities. Our…
Decision MakingSequential Decision MakingLong-Term Client Selection for Federated Learning with Non-IID Data: A Truthful Auction Approach
Federated learning (FL) provides a decentralized framework that enables universal model training through collaborative efforts on mobile nodes, such as smart vehicles in the Internet of Vehicles (IoV). Each smart vehicle…
Federated Learning