Aurel Stenzel Joins Fractal Leadership
Aurel will lead Fractal’s privacy-enhancing mechanisms into the data layer as Chief Economist
Fractal is glad to announce that Aurel Stenzel will join Fractal Protocol in his capacity as Chief Economist starting 1 June 2021. Next to his research at Kiel University (CAU, one of the oldest universities in Europe holding 12 Nobel Prizes), pursuing his Ph.D. thesis at the Chair of Quantitative Economics with Prof. Till Requate and Prof. Israel Waichman (Title: “The Economics of Data Sharing”), Aurel will be responsible for introducing novel privacy-enhancing mechanisms into the data layer by combining game-theoretical frameworks with latest insights of cryptography.
“Data privacy and data usage are not a contradiction anymore. Fusing game-theoretical insights with the latest cryptographical technology, new ways of data sharing are possible. I am truly excited to join the Fractal team to implement our results in real use cases, thus affecting the daily lives of millions of people.”, Aurel says.
Aurel Stenzel had been serving as a COO from 2014–2019 of Adjust, an ad tech powerhouse focusing on data analytics and fraud prevention. With offices around the globe, the Berlin-based Adjust was acquired by AppLovin for reportedly USD 1bn in February of this year.
As his focus will remain on his scientific commitments both within and beyond Fractal, Aurel co-founded the non-profit SINE Foundation. SINE leverages state-of-the-art research in cryptography and economics to organize and optimize (digital) collaboration between companies and recently launched their first use case: a carbon benchmarking tool using secure Multi-Party Computing.
At Fractal, Aurel will oversee the theoretical developments of the protocol and support the implementation of the latest research into the Fractal Protocol. Contributing to state-of-the-art research for years, Fractal gives him the opportunity to not only further master his original research but to go beyond the theory by deploying innovative market mechanisms within a $300bn industry ripe for disruption. A sentiment that not only users but increasingly also regulators from the US and even stronger from the European Commission are sharing.
“Aurel’s expertise in game theory and mechanism design has been instrumental to ensure that we create consented, fair and permissionless markets for data. Blockchain-based protocols are very powerful steering mechanisms. Moreover, his research and modeling work has been critical to ensuring we deploy the right incentives from the start with user-controlled privacy in mind.”, Fractal’s Co-Founder & CTO Júlio says.
About Fractal Protocol
Built on Polkadot, Fractal Protocol is an open-source, zero-margin protocol that defines a basic standard to exchange user information in a fair and open way, ensuring a high-quality version of the free internet. In its first version, it is designed to replace the ad cookie and give users back control over their data.
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