Wulf A. Kaal* Out of necessity, humans have engaged in centralized thinking since the emergence of tribal societies and throughout urbanization and the industrial revolution. Emerging decentralized technology transcends traditional economic notions of capitalism versus socialism and inaugurates new forms of economic exchange. The author examines the evolution of decentralized solutions for commerce and society […]Read more "Decentralization -A Primer on the New Economy"
Are stable cryptocurrencies needed? How can one design an algorithmic policy for minting tokens and manage decentralized monetary policy? My most recent paper on “First Order Design Principles for Stable Cryptocurrencies” answers these and many other questions on stable cryptocurrencies. Abstract The emergence and proliferation of stable cryptocurrencies necessitate the establishment of first order design […]Read more "First Order Design Principles for Stable Cryptocurrencies"
Craig Calcaterra Department of Mathematics, Metropolitan State University Wulf A. Kaal University of St. Thomas, Minnesota – School of Law Vadhindran K. Rao Metropolitan State University Abstract Insurance products can be optimized with emerging decentralized technology. We propose the use of cryptocurrencies as claims on future cash flows of an underwriting business operated by a […]Read more "Decentralized Underwriting"
Forthcoming in: Economic Information to Facilitate Decision Making, Edited Book, Editor- Kashi R. Balachandran, World Scientific Publishers (2019). Abstract As a foundational technology, blockchain technology creates the infrastructure for decentralized networked governance that, over time, creates the environment that enables the removal of internal and external monitoring mechanisms previously necessitated by agency problems in corporate […]Read more "Blockchain Solutions for Agency Problems in Corporate Governance"
So proud of the University of St. Thomas School of law (Minneapolis) @USTLawMN – where I teach. According to the Social Science Research Network (SSRN) – by far the largest online database of scholarly papers – St. Thomas is the #1 law school in the country for new downloads per author over the past 12 […]Read more "#1 Rank – University of St. Thomas Law Faculty"
Stable cryptocurrencies offer the public the prospect of access to the crypto ecosystem built on the stability and endurance of the existing financial system. Stable cryptocurrencies offer investors the prospect of a safe haven when markets are volatile. They also address the costly fiat-to-crypto-conversion (and vice versa) for those investors who wish to avoid conversion […]Read more "Stable Cryptocurrencies"
BLOCKCHAIN SOLUTIONS FOR AGENCY PROBLEMS IN CORPORATE GOVERNANCE ECONOMIC INFORMATION TO FACILITATE DECISION MAKING, EDITED BOOK, EDITOR- KASHI R. BALACHANDRAN, WORLD SCIENTIFIC PUBLISHERS (2019). 26 Pages Posted: Wulf A. Kaal University of St. Thomas, Minnesota – School of Law Date Written: April 17, 2019 Abstract As a foundational technology, blockchain technology creates the infrastructure for decentralized […]Read more "BLOCKCHAIN SOLUTIONS FOR AGENCY PROBLEMS IN CORPORATE GOVERNANCE"