We are introducing the people who help BANKEX forge a new blockchain reality.

BANKEX is proud to announce that Peter Cramton, Professor of Economics, University of Maryland & University of Cologne, has joined our Board of Advisors!

Peter Cramton has been an expert on auction theory and practice since 1983. A renowned specialist within the exchange and auctions marketplace, Cramton has advised 12 governments and 40 bidders in spectrum auctions and is a co-inventor of the spectrum auction design used in Canada, Australia, and many European countries.

“I am honored to join the BANKEX Advisory Board, which includes world-class experts in blockchain, banking, and finance. With past experience in building successful exchanges and auctions, I hope to bring a new depth of knowledge to the project. I am interested and excited to see what the future holds for BANKEX and the impact on the financial industry as a whole”, — BANKEX advisor Peter Cramton

Since 1983 Professor Cramton, a graduate of Stanford University, has conducted research on auction theory and practice and contributed to the leading economics journals. His track record includes academic positions at Stanford University, Yale School of Management, European University Institute.

Team BANKEX is proud to have Peter Cramton as BANKEX’s Advisor.

He is also an independent director on the board of the Electric Reliability Council of Texas and chief economist of Rivada. He has advised 12 governments and 40 bidders in spectrum auctions. He is a co-inventor of the spectrum auction design used in Canada, Australia, and many European countries to auction 4G spectrum.

Since 2001, he has played a lead role in the design and implementation of electricity and gas auctions in North America, South America, and Europe. He has advised on the design of carbon auctions in Europe, Australia, and the United Sates, including conducting the world’s first greenhouse-gas auction held in the UK in 2002. He has led the development of innovative auctions in new applications, such as auctions for airport slots, wind rights, diamonds, medical equipment, and Internet top-level domains. He received his B.S. in Engineering from Cornell University in 1980 and his Ph.D. in Business from Stanford University in 1984.

BANKEX expresses its heartfelt gratitude for his advice!