Algorand Appoints Pablo Azar as Chief Economist

Blockchain company adds depth in monetary and economic policy with
senior executive hire

BOSTON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/BuildYourOpportunity?src=hash” target=”_blank”gt;#BuildYourOpportunitylt;/agt;–Algorand,
a foundational blockchain and cryptocurrency company, announced today
that it has named Pablo Azar as Chief Economist. Given Algorand’s focus
on creating sustainable value in a decentralized economy, Mr. Azar will
be responsible for guiding Algorand’s economic policies.

On the heels of announcing Steve Kokinos and W. Sean Ford as CEO and
COO, respectively, Mr. Azar’s appointment as Chief Economist is another
advancement for Algorand as it continues to develop its executive team.
With a double Ph.D. from MIT, Mr. Azar will bring his unique expertise
regarding the application of computer science and cryptography toward
the creation of better market mechanisms. Further, he will be
responsible for expanding the visibility of Algorand’s economic policy
and enhancing the tools necessary for developers to build on the
Algorand platform.

“As momentum around tokenization increases, so does the need for sound
economic management,” said Steve Kokinos, CEO at Algorand. “With his
deep background in economics and computer science, Pablo will ensure our
community has economic policies and tools necessary for businesses to
build on our foundational platform.”

As consumers drive economies toward an increasingly digital,
transparent, and borderless reality, businesses must embrace technology
that supports decentralization to both remain strategically relevant and
to participate in the economic potential of this new decentralized
world. As a scalable, secure and decentralized platform and digital
currency that solves the “blockchain trilemma,” Algorand serves as the
foundation for existing businesses and new projects to operate globally
in the emerging decentralized economy.

“Algorand’s main goal is to build a blockchain that adds real value to
the economy,” said Pablo Azar, Chief Economist at Algorand. “The kind of
research problems being undertaken by Algorand intersect with many
subfields of economics. My initial focus is on key issues such as
mitigating the risk faced by our users and collaborating with industry
partners in order to design new economic applications. I look forward to
being part of a team of outstanding academics, engineers, and business
experts.”

Pablo is joining Algorand from a 10-year stint at MIT, where he worked
on cryptography and macroeconomics, including the development of
rational interactive proofs, using software engineering metrics to
understand the complexity of US Financial regulations, and developing
models on the formation of supply chains and their effects on economic
growth. His work has been featured on Bloomberg, The Atlantic, and US
News and World Report. He received a B.A. in Applied Mathematics from
Harvard, a Ph.D. in Computer Science from MIT in 2014, and will receive
a Ph.D. in Economics from MIT in 2019.

About Algorand

Based in Boston, and founded by cryptography pioneer and Turing award
winner Silvio Micali, Algorand solves the “blockchain trilemma
with a platform that delivers decentralization, scalability and
security. Algorand provides a foundation for existing businesses and new
projects to operate globally in the emerging decentralized economy.
Algorand’s first-of-its-kind, permissionless, pure proof-of-stake
protocol supports the scale, open participation, and transaction
finality required to build systems for billions of users.

For more information, visit https://www.algorand.com/.

Contacts

Samantha Powers
March Communications
algorand@marchcomms.com
617-960-8896