Huobi was recently accused of colluding with EOS block producers and exchanging its voting power for a series of kickbacks. To address such issues and promote trust in the EOS system, a developer known on the internet as BlockchainKid has proposed a solution that mimics the whistleblower program of the US Securities and Exchange Commission (SEC).

BlockchainKid, the creator of block producer rating platform Mereo, calls his program WHISPER. He has used as a model the way the SEC polices banking institutions by rewarding whistleblowers for their courage to report malicious activities by their employers.

“This program, which officially began in 2010, sought to incentivize, reward and protect citizens who provide ‘tips’ related to violations of federal securities laws, including insider trading, stock manipulation and collusion. In return for […

This article appeared first on Cryptovest

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