Nicola Greco

I am working to re-decentralize the webRead more about my work here. PhD student at MIT advised by Tim Berners-Lee and friend at Berkman Center. Once an entrepreneur, a UCL student, a Mozillian.

Verifiable Markets on the blockchain

June 21, 2017

1/ (Verifiable) Market Protocols will be another killer app of blockchain.

— Nicola Greco (@nicolagreco) June 21, 2017

I am currently working on something that includes this new notion of Verifiable Markets. This was output of many conversations with Juan, Matt (from Protocol Labs), Christian Catalini (from MIT Sloan).

While I will soon post some more formal work on this, I think it is really important to present some form of understanding behind Verifiable Markets, what they are and why they are important.11 This post is being taken from my recent series of tweets on Verifiable Markets

(Verifiable) Market Protocols are another killer app for blockchain/decentralized tech. A Market Protocol models the exchange of a good or a service between a buyer and a seller and it is Verifiable if the exchange can be publicly verified by both party and any user interested in verifying the exchange.

It is important to note that:

The reason why I find this direction of work really exciting, is that we can now create new (verifiable market) protocols that connect demand and offer of a specific good/service in a verifiable and decentralised way.

There are a lot of Verifiable Markets that I look forward to see. An example is energy: if we can prove that electricity has been moved from a place to another, then we can have a decentralised energy market (and many others).

- Nicola Greco,
Keep on rocking the decentralized web

Thanks for reading

  • Before Tokens Jul 24, 2017
  • Verifiable Markets on the blockchain Jun 21, 2017
  • Idea: Research Coin, second attempt Jun 10, 2017
  • Verifiable Markets on the blockchain - June 21, 2017 - Nicola Greco