Cryptic Labs, a leading blockchain and crypto research institute has announced the addition of two Nobel Laureates in Economics - Dr. Eric S. Maskin and Sir Christopher Pissarides - to its Economics Advisory Board.
The two will provide insights into incentive mechanisms, game theory, and macro-economic policies, aiding the institute's mission to address the lack of blockchain industry expertise in both fields.
With the new experts, Cryptic Labs can offer clients research-based insights to better guide their innovations. Maskin, who hails from Harvard University, will provide strategic guidance on game theory and incentive structures in the blockchain, while Pissarides, who comes from the London School of Economics, will provide expertise on macroeconomic trends.
They will join the “father of cryptography” and Turing prize winner Dr. Whitfield Diffie, as Chief Scientists forming a unique trio of globally recognized authorities, at Cryptic Labs.
"I am honored to welcome two of the world's highly regarded experts in economics to our Economics Advisory Board. For the first time in the industry, Drs. Maskin and Pissarides will offer unparalleled expertise and insight to the blockchain industry, providing nuanced understandings of behavioral economics to our clients." said, Humphrey Polanen, Co-founder of Cryptic Labs, "The new members of our Economics Advisory Board provide the expertise for us to live up to our mission to fill critical and essential gaps in the industry. These experts and other economics advisors will help our client companies navigate complex problems, advising them on blockchain economics and helping them craft the incentive systems they need to ensure adoption and growth."
Maskin won a Nobel Prize in 2007 for laying the foundations of mechanism design theory. He is currently the Adams University Professor at Harvard.
Pissarides brings expertise in macroeconomics. He specializes in the economics of labor markets, macroeconomic policy, economic growth, and structural change and was awarded the 2010 Nobel Prize in Economics for his work in the economics of markets with frictions.
The two have joined a team of experts to advise firms on industry solutions, varying from blockchain infrastructure to artificial intelligence and networking, and will be guiding their design processes and assessment of their economics.
