• Sun, 22 Sep 2019, 08:54 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

New York-based blockchain startup adds Nobel Laureate Oliver Hart and former Microsoft chief economist Dr. Preston McAfee as Senior Advisors

Thu, 02 Aug 2018, 11:21 am UTC

Prysm Group, a blockchain economics and governance design firm led by PhD-level economists, has appointed two renowned economists to its recently launched Board of Senior Advisors.

Harvard Professor Oliver Hart and Dr. Preston McAfee, former chief economist at Microsoft, are joining the firm as senior advisors.

Founded in 2017, New York-based Prysm Group is led by Harvard-trained, PhD-level economists Dr. Cathy Barrera and Dr. Stephanie Hurder. The company provides blockchain organizations with counsel in the complex economic fields of contract theory, market design, game theory, and social choice.

“Through client engagements as well as our educational and research initiatives, we aim to set the standards by which the economic structures of decentralized digital systems are designed. The launch of our Board of Senior Advisors and the participation of economists of this calibre will accelerate Prysm Group toward that goal,” Dr. Barrera said.

Prof. Hart, currently the Andrew E. Furer Professor of Economics at Harvard University, was awarded the 2016 Nobel Memorial Prize in Economic Sciences for his research on contract theory and his fundamental contributions to the theory of incomplete contracts. He said that it is extremely important for those who are creating blockchain-based platforms to understand the possible complications that can arise from “the issues of property rights and contractual incompleteness.”

Dr. McAfee served as the Chief Economist at Microsoft from 2014 until earlier this year, and previously led research teams at Google and at Yahoo!, where he was also Chief Economist from 2007 to 2012. He won the prestigious Golden Goose Award in 2014 for his research on auction design, and has dedicated much of his career to exploring the intersection of microeconomics and computer science.

"Blockchain technology provides the opportunity for significant innovations in decentralized exchanges. In order for such platforms to deliver on their potential, the founders must ensure that all the various governing systems — such as contract enforcement, dispute resolution, policing, infrastructure, education, property rights, medium of exchange, taxes, and subsidies — are aligned and yield the intended incentives,” Dr. McAfee said.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,047.50 (+0.24%)
  • Ethereum (ETH) $208.52 (-3.68%)
  • XRP (XRP) $0.275200 (-5.00%)
  • Bitcoin Cash (BCH) $305.62 (-1.99%)
  • Litecoin (LTC) $72.29 (-1.23%)
  • Bitcoin (BTC) $10,047.50 (+0.24%)
Sep 20, 2019 (Friday)
14:09
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
14:08
Crypto Technicals: LTC/USD Technical Analysis Summary
12:44
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:57
Azerbaijan's State Customs Committee seeks to exchange information with global counterparts via blockchain
10:17
Coinbase considers listing 17 new digital assets including Kadena and Telegram
10:08
Crypto Technicals: ETH/USD consolidates previous session's gains, bias bullish above 200-DMA
09:56
US Congress’ upcoming hearing with SEC to focus on cryptocurrencies and Libra
08:41
Crypto Technicals: BTC/USD retraces from 3-week lows, resumes range trade, bias neutral
07:01
Square Crypto taps former Google, Facebook and Lightning Labs execs for inaugural developer team
06:22
Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains
06:22
Bank of America joins blockchain-based trade finance network Marco Polo
05:25
Patrick Byrne sells off his $100M Overstock stake to buy cryptocurrencies, blames 'deep state' and SEC
05:14
Early ethereum supporter Steven Nerayoff faces $12M cryptocurrency extortion charges
05:09
Crypto trader Genesis acquires Qu Capital to bolster trading technology
04:30
Crypto Technicals: IOT/USD Technical Analysis Summary
03:43
Pakistan's Faysal Bank becomes the country's first bank to adopt Ripple's xCurrent technology
03:40
All 7-Eleven stores in the Philippines now sell bitcoin, thanks to the new partnership of Abra, ECPay
03:37
Arab Bank Switzerland partners with Taurus to offer cryptocurrency services to its wealthy clients
03:34
IBM, Citibank, Ubisoft signed up as corporate partners of Singapore's blockchain accelerator Tribe
Sep 19, 2019 (Thursday)
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft