Prof. Wulf Kaal, Co-Founder and CEO of Semada.io, Prof. of Law at University of St. Thomas School of Law, a leading expert at the intersection of law, business, and technology focusing on innovation, technology, emerging technology applications, smart contracts, initial coin offerings, hedge funds, and dynamic regulatory methods based in United States participates in Risk Roundup to discuss CryptoEconomics.

CryptoEconomics
As we see across nations today, most organizations are centralized; whereas, markets in general are decentralized. Now, when blockchains coupled with token incentive systems facilitate decentralization, and takes a step towards being a global computer network to bring nations a new crypto-economic world order; they are slowly but steadily emerging as a strong competitor to traditional organizations and markets.
From smart contracts to decentralized autonomous organizations (DAOs), the framework for creating and executing the types of rule-systems that enables socio-economic coordination is already in the process of being defined and designed. As a result, anything that is being built on the evolving blockchain platform today, and in coming tomorrow, will likely have a global reach without any barriers to boundaries in cyberspace, geospace or space. So, as blockchain technology triggered move– from a centralized system approach to a decentralized one– begins to re-define and re-design the entire cryptography economy from scratch, it is important to understand why we are moving away from centralization towards a decentralized cryptoeconomy, where it will take us, and whether we are prepared for what is to come.
This is especially important, because, designing any new economic system from scratch is a very complex undertaking.–and cryptoeconomy is no different This is particularly very complex as we move towards a decentralized approach from a centralized one—and human behavior, interactions, emotions, power play and politics will likely play a key role in the cryptoeconomy we are trying to build. It is therefore important to understand and evaluate whether we know what we want with the new cryptoeconomic system we are trying to build, and whether blockchain technology will truly let us define and design systems to help bring the world together beyond our divisions and differences for the future of humanity.
This necessitates that we define effective standards, processes, framework, strategies, rules and governance mechanism for interactions of the evolving decentralized cryptoeconomic system that can work for everyone across nations –because if rules are not correctly defined, a decentralized cryptoeconomic system is bound to collapse and fail—triggering complex security risks for which no nation is prepared for. Time is now to understand and evaluate security risks emerging from CryptoEconomics!
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About the Guest
Prof. Wulf Kaal is a leading expert at the intersection of law, business, and technology. His research focuses on innovation, technology, emerging technology applications, smart contracts, initial coin offerings, hedge funds, and dynamic regulatory methods. Before entering the academy, he was associated with Cravath, Swain & Moore LLP, in New York, and Goldman Sachs in London, UK.
Kaal advises medium to large enterprises, crypto startups, venture capital funds, and international policy makers on emerging technology solutions. As an adviser and mentor, Kaal focuses on creating synergies for his clients and building successful new businesses, among others, on existing solutions.  Professor Kaal speaks regularly at leading conferen...