Crypto Asset Research Project: The 3rd "Designing Token Markets Using Auction Theory" (Held on June 11, 2021)
Event Date
Event Venue
2021.05.20
Crypto Asset Research ProjectThe 3rd "Designing Token Markets Using Auction Theory"
[The 3rd Event: Overview]
Date and Time : Friday, June 11, 2021, 16:30–17:30
Format : Online (Zoom)
Organizers : Coincheck, Inc., HashPort Inc., and the Keio University Global Research Institute (KGRI) Crypto Asset Research Project
Other : Open to everyone, no participation fee
Guest Speaker: Mr. Toyotaka Sakai (Professor, Faculty of Economics)
How to Register : Please register from here . *Registration is now closed.
Abstract :
In recent years, auction theory has made remarkable progress, and there are an increasing number of cases where governments and companies are utilizing this academic knowledge. Good examples include the design of auction methods for frequency licenses by national governments and the design of auction methods for web advertising slots by Google. However, in Japan, the very idea of applying the insights of economics to practice is still weak, and similar movements are rarely seen.
In this lecture, after first giving an overview of "NFTs," the speaker will explain rare practical examples in Japan: a real estate auction at Duederi & Deal Co., Ltd. and an NFT auction at Gaudiy Inc. The speaker was involved in the design of both.
Services using blockchain are highly compatible with auction theory (and mechanism design in a broader sense), and the lecture will also cover future application possibilities.
■ Mr. Toyotaka Sakai
Professor at the Faculty of Economics, Keio University. He received his Ph.D. in Economics from the University of Rochester. His specialty is mechanism design. He co-founded the consulting firm Economics Design Inc. and serves as a director. He has been involved in the practical design of auctions for real estate, food, financial products, NFTs, and more. His major work, "Questioning Majority Rule" (Iwanami Shinsho), is featured in high school Japanese language textbooks, and his books have been widely translated in Asia.
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