Blockchain Projects like Covee Network See Nobel Prize Winners for Expertise and Guidance
Nobel Prize Winners Invited to Join Blockchain Firms
The latest trend in blockchain firm hiring is that many are turning to Nobel Prize winners to join their teams. A few prominent examples of firms hiring such individuals including the Covee Network, Prysm Group, and Cryptic Labs.
A few Nobel Prize winners hired by these firms include Alvin Roth, Oliver Hart, Eric Maskin, and Christopher Pissarides.
Many are questioning the underlying motive of platforms to hire such respected experts. According to some, it stems from the desire to work with some of the best and most talented minds in their field, while others see it as a ploy to increase investment. Roth discussed with Bloomberg his decision to join the Coffee team by stating:
When I was first approached about joining, I spent a good deal of time thinking about whether I would just be a decoration, or whether I would actually be able to contribute. They are embracing game theory as a way of incentivizing participation.
Marcel Dietsch, Coveee CEO, shared with the publication the company’s relationship with Roth,
“It was the seriousness of the team, and our existing relationships that distinguished us.”
Dietsch continued that the interest in having such individuals in the blockchain space shows that the industry is maturing. A year ago, Initial Coin Offerings (ICOs) would need high profile endorsements and with that, millions of dollars of endorsements would follow. Today though, at least in Covee’s case, adding Roth will promote game theory incentives by using a system of value tokens that ensure that free-riders are discouraged, while participation is encouraged.
The platform’s white paper states:
“Why is most of the workforce stuck within the boundaries of centralized intermediaries such as the centuries-old corporation? . . . Both trust and traditional organizations are limited in terms of scale.”