Wulf Kaal – Professor, Book Author, Consultant

END OF CAPITALISM

March 21, 2020

I am calling it now so I get the appropriate credit (just as the people who “predicted” the “financial crisis of 2008-09”): CAPITALISM AS WE KNOW IT IS ENDING! END OF CAPITALISM

Stable Cryptocurrencies – First Order Principles

September 3, 2019

Stanford Journal of Blockchain Law & Policy (2019) Abstract The emergence and proliferation of stable cryptocurrencies necessitate the establishment of first order design principles for stable cryptocurrencies. After highlighting the benefits of stable cryptocurrencies for monetary policy making, overall market stability, and their impact on the emergence of decentralized commerce, the authors introduce First Order […]

BLOCKCHAIN-BASED CORPORATE GOVERNANCE

August 26, 2019August 26, 2019

MAX PLANCK INSTITUTE LUXEMBOURG FOR PROCEDURAL LAW (December 2019) Abstract Corporations and other forms of business organizations can be supplemented with blockchain-based agency constructs. Blockchain-based decentralized autonomous organizations (DAOs) expand the definition of the firm. On-chain DAO governance enables dynamic regulatory features that facilitate unprecedented decentralized regulatory solutions. Keywords: Corporate Governance, Decentralized Autonomous Organization, Blockchain, […]

Decentralization – Past, Present, and Future

June 28, 2019July 23, 2019

This introduction to decentralization examines decentralization’s past, present, and future. By tracing the history of past and existing decentralized systems and by examining emerging decentralized technology solutions, the author highlights the trends that lead to higher levels of decentralization in commerce and society. Download here Abstract Part 1 – The Past: Examines how we got […]

Blockchain-Based Securities Offerings

June 27, 2019

What can blockchain technology contribute to the evolution of the trading infrastructure and securities offerings? We provide answers based on existing precedence of blockchain-based securities offerings in this new article (with Sam Evans – PWC): Click here or copy /paste link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3411110 Abstract Blockchain technology has the potential to supplement the existing infrastructure for securities offerings. […]

Decentralization -A Primer on the New Economy

June 18, 2019

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 […]

First Order Design Principles for Stable Cryptocurrencies

June 16, 2019

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 […]