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Prysm Group
An economic consulting firm specialized in designing incentives and governance models for blockchain and distributed ledger technology networks.
Framework for Economic Design
Framework for Governance Design
About Prysm Group
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DeFi Needs Economics. Badly.
DeFi Needs Economics. Badly.
Decentralized Finance (“DeFi”) is heralded as the next crypto revolution. But the proliferation of recent hacks suggests that DeFi…
Johnny Antos
May 19, 2020
Enterprise Blockchain: The Path to Monetization
Enterprise Blockchain: The Path to Monetization
Due to blockchain’s inherent distributed nature, a variety of stakeholders must be aligned in order for a blockchain network to launch and…
Guido Molinari
May 13, 2020
Enterprise Blockchain Consortia: Challenges, Levers, and Questions from 2019.
Enterprise Blockchain Consortia: Challenges, Levers, and Questions from 2019.
From healthcare to finance, automotive to tax, Blockchain in 2019 saw announcements from many industries looking to capitalize on this…
Reed Cataldo
Dec 19, 2019
Here’s how blockchain could stop corrupt officials from stealing school lunches
Here’s how blockchain could stop corrupt officials from stealing school lunches
This article was originally published in World Economic Forum’s Agenda on May 17, 2019.
Prysm Group
May 17, 2019
A Framework for Blockchain Governance Design: The Prysm Group Wheel
A Framework for Blockchain Governance Design: The Prysm Group Wheel
Blockchain platforms are economies written in code. The goal of any blockchain-based platform is to bring together participants — such as…
Cathy Barrera, PhD
Apr 23, 2019
The Prysm Group House: A Framework for the New Economics of Blockchain
The Prysm Group House: A Framework for the New Economics of Blockchain
Blockchain platforms are mini-economies in code. We introduce a comprehensive framework for effective blockchain economic design.
Stephanie Hurder, PhD
Feb 20, 2019
Economics of Tokenized Incentives 3: Token Value Won’t Align Stakeholders
Economics of Tokenized Incentives 3: Token Value Won’t Align Stakeholders
I often hear people in the blockchain space assert some form of the following argument: if a platform creates a native token, such as a…
Cathy Barrera, PhD
Jan 17, 2019
Economics of Tokenized Incentives 2: Selecting Effective Performance Metrics
Economics of Tokenized Incentives 2: Selecting Effective Performance Metrics
In our previous post, we explained that pay for performance is useful when key desired outcomes cannot be specified in advance. Under…
Cathy Barrera, PhD
Jan 7, 2019
Blockchain needs users and economics can help.
Blockchain needs users and economics can help.
In the blockchain industry there are disagreements about many things. For example, will prevailing blockchain projects be permissioned or…
Guido Molinari
Dec 20, 2018
Economics of Tokenized Incentives 1: Intro to Pay for Performance
Economics of Tokenized Incentives 1: Intro to Pay for Performance
This post is part of a series in which we discuss the principles of incentive design for blockchain platforms.
Cathy Barrera, PhD
Dec 18, 2018
Why Economic Design is Essential for Security Tokens
Why Economic Design is Essential for Security Tokens
Stephanie Hurder, PhD
Oct 5, 2018
Asset-Backed Security Tokens: What you can learn from the Economics of Property Rights
Asset-Backed Security Tokens: What you can learn from the Economics of Property Rights
Cathy Barrera, PhD
Sep 25, 2018
Blockchain and legal (but repugnant) markets
Blockchain and legal (but repugnant) markets
This is a reprint of a guest post that I wrote for Professor Al Roth’s market design blog. Professor Roth is a Nobel Prize-winning…
Stephanie Hurder, PhD
Sep 7, 2018
Blockchain Incentive Structures: What they are and why they matter
Blockchain Incentive Structures: What they are and why they matter
Founders of blockchain platforms must understand the nuances of incentives — what they are, what they aren’t, how they work and how they…
Cathy Barrera, PhD
Aug 22, 2018
Blockchain Governance must move beyond voting
Blockchain Governance must move beyond voting
There is conversation that new voting mechanisms will revolutionize blockchain governance.
Stephanie Hurder, PhD
Aug 8, 2018
Hard Forks: You can't always get what you want
Hard Forks: You can't always get what you want
Stephanie Hurder, PhD
Jul 16, 2018
Blockchain and Coordination Games: Failures and Focal Points
Blockchain and Coordination Games: Failures and Focal Points
Key Concepts from Economics
Cathy Barrera, PhD
Jun 27, 2018
The Economics of Tokenization Part I: Not Everything Can (or Should) be Tokenized
The Economics of Tokenization Part I: Not Everything Can (or Should) be Tokenized
Some blockchain enthusiasts predict that one day in the not too distant future, everything will be tokenized. Ownership rights for all…
Stephanie Hurder, PhD
May 30, 2018
Nash Equilibria on Blockchain Platforms
Nash Equilibria on Blockchain Platforms
Key Concepts from Economics
Stephanie Hurder, PhD
May 4, 2018
Trust in a Trust-less System
Trust in a Trust-less System
In a recent post on the MIT Cryptoeconomics Lab blog, one of our economist wrote about The Blockchain Effect: Network Effects without…
Guido Molinari
May 1, 2018
What is Governance For?
What is Governance For?
There has been a lot of talk in the blockchain community about what governance systems should look like, but little has been said about…
Cathy Barrera, PhD
Apr 11, 2018
What is Voting For?
What is Voting For?
Using Economics to Inform Design
Cathy Barrera, PhD
Apr 9, 2018
Why do we Need Economists in Blockchain?
Why do we Need Economists in Blockchain?
In my recent post, “Who is an economist?”, I proposed a straightforward definition to establish who is an economist.
Guido Molinari
Apr 8, 2018
Incomplete Contracts and Blockchain
Incomplete Contracts and Blockchain
Key Concepts from Economics
Cathy Barrera, PhD
Apr 4, 2018
Who is an Economist?
Who is an Economist?
Over the past several months I have noticed a fascinating phenomenon within the blockchain community; several long time industry insiders…
Guido Molinari
Mar 23, 2018
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