Cryptic Labs, a research institute that wants to use blockchain technology to solve security problems, has announced the addition of two Nobel Prizes in Economics – Eric Maskin and Christopher Pissarides – to its economic advisory board.
The additions to the board will provide insights into game theory and token economics, reinforcing the institution's mission to address the lack of competency in the blockchain industry in both fields. Blockchain is a decentralized ledger that enables security and transparency and is widely used in cryptocurrencies like Bitcoin and Ethereum.
With new experts, Palo Alto, California Cryptic Labs can offer customers research-based insights that drive their innovations. Maskin of Harvard University will focus on game theory and mechanism design, with an emphasis on how blockchain companies can drive user incentives to a micro level, while Pissarides from the London School of Economics will provide expertise on macroeconomic trends. .
The two Nobel The winners join the team together with Cryptic Labs chief scientist Whitfield Diffie, the pre-eminent cryptographer who won the Turing Award 2015.
"I am honored to welcome two of the most experienced economics experts. established in the world, "said Humphrey Polanen, CEO of Cryptic Labs, in a statement. "Drs Maskin and Pissarides will offer unprecedented skills and insights for the blockchain industry, providing our clients with a nuanced understanding of behavioral economics, together with Dr. Diffie, the new heads of our 39; economy will help us live up to our mission to fill a critical and essential gap in the industry.These experts will help client companies overcome complex problems, advising them in terms of token economics and helping them create the incentive systems they have need to ensure adoption and growth. "
Maskin won a Nobel Prize in 2007 to lay the foundations of mechanism design theory. He is currently a university professor Adams at Harvard and continues to publish research in the fields of game theory, contract theory, social choice theory, political economy and other areas of economics.
Pissarides brings a complex understanding and expertise in macroeconomics, focusing on the effect of labor and the supply of money at the macro level. Pissarides specializes in the economics of labor markets, macroeconomic policy, economic growth and structural change, and received the Nobel Prize for economics in 2010 for his work in the market economy with frictions.
The two Nobel Prizes are joined by a team of experts in advising blockchain companies in various sectors, from the media to artificial intelligence and telecommunications, to guide them in their design processes and help evaluate their economy.