Cryptic Labs hires Nobel boffins to board

September 11, 2018
Chris Wheal

Research blockchain company Cryptic Labs has hired Dr Eric Maskin and Sir Christopher Pissarides to its Economics Advisory Board. It’s hoped the two world-class economists will bolster Cryptic Labs’ innovation strategy. 

Sir Christopher Pissarides

Maskin of Harvard University will focus on game theory and mechanism design with an emphasis on how blockchain companies can guide user incentives at a company level. Pissarides of the London School of Economics will provide expertise on macroeconomic trends.

‘Blockchain…the most exciting development’

“I think blockchain technology is potentially important for a modern economy,” says Maskin. “Most discussions of blockchain technology focus on technical issues. I am more interested in the economic value such technology can bring.”

Pissarides says blockchain is the most exciting development in financial markets in recent years “but we still don’t know enough about it to recommend a wholesale transition of all our transaction records to blockchain”. 

Cryptic Labs is a research accelerator focused on solving problems in security and economics “to advance the viability and growth of the blockchain” it says.


Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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