Cryptic Labs, a blockchain security firm, has announced the appointment of two Nobel prize winners to its advisory team to conduct research into the economics of blockchain.

The firm has appointed Dr. Eric Maskin and Dr. Christopher Pissarides to provide insights into blockchain economics including incentive mechanisms, game theory, and macro-economic policies.

Dr. Maskin is a professor and researcher from Harvard University who won Nobel Prize in 2007 for his work in mechanism design theory. He will join the team to offer his expertise in game theory and incentive structures in blockchain systems.

And, Dr. Pissarides completed his doctorate from London School of Economics and won the Nobel Prize in 2010 as an expert in macroeconomics. He has stated that the concept of blockchain is still nascent for the financial sector, hence proper exploration is needed before shifting the financial transaction records to the blockchain. He is looking forward to helping organizations with his expertise to improve the use of blockchain.