Blockchain Upgrade as a Coordination Game
Widely-used governance systems may not perform well in blockchain settings due to the possibility of hard forks
Join Prysm Group Founding Economist Dr. Stephanie Hurder as she presents finding from her research Blockchain Upgrade as a Coordinations Game at Blockchain at Berkeley and Dekrypt Capital’s Crypto Economics Security Conference (CESC), part of San Francisco Blockchain Week ’18, and hear how future platforms can work to achieve long-term system success.
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MIT Cryptoeconomics Lab is the first academic research initiative in the blockchain and crypto space bridging the fields of economics, computer science, and business. With Prysm Group Founding Economist, Dr. Cathy Barrera, serving as Lead Contributor, academic economists are taking notice of the industry and beginning to study it with their own analytical tools and expertise. The research coming out of the MIT Cryptoeconomics Lab has been commended for generating important findings relevant to ventures in this space.
Dr. Cathy Barrera explores the reduction in the cost of networking resulting from the implementation of blockchain technology and how it disentangles the benefits from network effects from the detrimental impact of market power.
As blockchain technology does not reduce the costs of verification equally for all types of transactions, it is important to distinguish between practical applications which can be executed using today’s technology and those for which we must still develop workable solutions.
Prysm Group is a blockchain economics and governance design firm led by PhD-level economists from the world’s top universities. Taking a first-principles approach, Prysm Group uses the tools of contract theory, game theory, market design, and social choice theory to design customized solutions for distributed ledger technology and blockchain-based projects. With a specialized focus, Prysm Group’s areas of expertise include community governance, consensus governance, foundational tokenomics, incentive design, and platform design.
Prysm Group solves complex design requirements by utilizing well-defined processes customized to achieve the unique goals of its clients, including:
Prysm Group provides value to projects and organizations from conception to ongoing governance, with primary deliverables including:
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