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 […]Read more "Decentralization – Past, Present, and Future"
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. […]Read more "Blockchain-Based Securities Offerings"
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"