AIOZ Network Partnered with Economic Consulting Firm Prysm Group
Prysm Group brought award-winning economic knowledge to the table regarding contract theory, incentives, and market design to the AIOZ Network’s layer 1 blockchain. The partnership came in a bid to leverage the group’s expertise in macroeconomics and microeconomics.
Prysm Group is a well-established organization delivering value to platforms using its economic research. It focuses on several fields to help design well-functioning platforms. These include the study of how agreements and economic relationships are structured and of how to promote value-generating behavior from a network’s participants. Additionally, it studies information systems and monetary economics to thoroughly understand the effects of information on an economic system and money supply and interest rates on consumption and growth.
The partnership aimed to provide guidelines for the design of AIOZ Network to ensure that its existing and future products — including the AIOZ Tube, AIOZ TV, and AIOZ OTT — deliver as much value to all stakeholders as possible.
Erman Tjiputra, Founder and CEO of AIOZ, said:
“Prysm Group’s framework for the new economics of Blockchain provides a blueprint in AIOZ Network’s technical implementation of cryptoeconomics.”
The Prysm Group’s team includes some of the most brilliant minds in economics. Its two founding economists are well distinguished: Dr. Cathy Barrera and Dr. Stephanie Hurder, who have led economic advisory projects for Fortune 500 companies and startups backed by funds including Andreessen Horowitz, Google Ventures, Sequoia, Union Square Ventures, Y Combinator and more. In addition to their work at Prysm Group, Dr. Barrera and Dr. Hurder have held positions as contributors to MIT Cryptoeconomic Lab, academic advisors to blockchain projects at the World Economic Forum, and each maintain an Opinion column for CoinDesk, where they write on the economics of emerging technologies.
The AIOZ Network and Prysm Group together completed AIOZ’s Economic Roadmap and Foundational Tokenomics Ecosystem Design. This work was largely focused on supporting that every node on AIOZ’s decentralized content delivery network is appropriately incentivized to distribute digital content, store media, and perform computational tasks.
About Prysm Group
Prysm Group is a blockchain economics and governance design firm led by Harvard trained PhD-level economists. Prysm Group’s areas of expertise include incentive design, token economics, monetization and governance design. Prysm Group clients include Fortune 500 companies, Big 4 auditing firms and crypto-native projects that have achieved a total of over $200B in token market capitalization. For more information, please visit:
Website | LinkedIn | Medium | Twitter | YouTube
About the AIOZ Network
The AIOZ Network is a Layer-1 Blockchain-based Content Delivery Network that is about to bring a revolution to the entertainment industry.
AIOZ Network utilizes Blockchain for better content distribution by leveraging the power of decentralization. Unlike the traditional data centers operating on a centralized model. distributed Content Delivery Network (dCDN) uses Nodes for storing, streaming, and transferring data.
The AIOZ Network uses a faster, cheaper, and more robust infrastructure for content streaming making it more affordable, faster. This allows the AIOZ Network to provide a higher quality service.
By using this revolutionary technology, the AIOZ Network can efficiently change the way the world streams content of all sorts, improving the quality of life of many and shaping the re-evolution of information and knowledge for future generations.
