Aurel Stenzel Joins Fractal Leadership

Aurel will lead Fractal’s privacy-enhancing mechanisms into the data layer as Chief Economist

Fractal
Fractal
May 26 · 4 min read

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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This article does not include elements of any contractual relationship. This article shall not be deemed to constitute a prospectus of any sort or a solicitation for investment or investment advice; nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction.

For the avoidance of doubt, please note that the Protocol has not been fully developed. Any statements made about the Protocol are forward-looking statements that merely reflect Fractal’s intention for the functioning of the Protocol. There are known and unknown risks that can cause the results to differ from the forward-looking statements.

Fractal does not intend to express investment, financial, legal, tax, or any other advice, and any conclusions drawn from statements in this article or otherwise made by Fractal shall not be deemed to constitute advice in any jurisdiction.

Fractal’s intended purpose of the Tokens is to be used as means of payment for the services that will be offered within the Protocol (the “Services”). The purchase, ownership, receipt or possession of Tokens carries no rights, express or implied, other than the right to use Tokens as a means to enable usage of Services in accordance with the then-applicable terms of use relating to the Services offered within the Protocol. The Tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Protocol, Fractal, Service Providers or any of their corporate affiliates, other than any rights relating to the provision and receipt of Services, subject to the applicable terms, conditions or policies that may be adopted by participants in the Protocol.

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Fractal is an open source zero-margin protocol that defines a basic standard to exchange user information in a fair and open way

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Fractal

Fractal is an open source zero-margin protocol that defines a basic standard to exchange user information in a fair and open way.

Fractal

Fractal is an open source zero-margin protocol that defines a basic standard to exchange user information in a fair and open way

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