How 2016 Nobel Economic Prize Winners Influenced Smart Contracts

Bhagwan Chowdhry, a Professor of Finance at the University of California Los Angeles (UCLA) has nominated Satoshi Nakamoto for the 2016 Nobel Prize in Economics. The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics. It is generally regarded as the most prestigious award for that field. "The committee has invited me to nominate someone for the 2016 Prize," writes Chowdhry in The Huffington Post. "I then started thinking whose ideas are likely to have a disruptive influence in....

Bitcoin and its blockchain technology have become something of a revelation to the greater economic community, particularly over the past year. The digital currency has shown months of stability as a store of value while it has been the Year of the Blockchain on Wall Street and in major financial corporation worldwide. 2015 has been a very solid comeback....

Although UCLA Professor Bhagwan Chowdhry chose to nominate the pseudonymous creator of Bitcoin, Satoshi Nakamoto, for the Nobel Prize for Economic Sciences, it appears the The Royal Swedish Academy of Sciences will not consider the nomination unless the legendary Nakamoto were to reveal his identity. The organization's press officer, Hans Reuterskiöld, told Inverse.com that the prize is never awarded anonymously nor after someone has died. The prize, as in this instance, the Sveriges Riksbank Prize in Economic Science in Memory of Alfred Nobel, is never awarded anonymously nor....

Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame Bernanke for getting us “to the brink of collapse and under a mountain of debt with quantitative easing.” Former Fed Chair Ben Bernanke Wins Nobel Prize in Economic Sciences The Royal Swedish Academy of Sciences announced Monday that it has decided to award the Sveriges....

The prize committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel - known more commonly as the Nobel Prize in Economics - is set to discuss the nomination of bitcoin creator Satoshi Nakamoto. The move comes days after UCLA finance professor Bhagwan Chowdhry penned an op-ed in The Huffington Post stating his intention to nominate Nakamoto for the prize. In his widely-covered article, Chowdhry wrote that Nakamoto deserves the prize because his invention, bitcoin, is "nothing short of revolutionary". Following its publication, however, some observers raised....