STORE is bringing Cloud 2.0 to the world with a zero-fee cryptocurrency and checks and balances governance.
One of the nation’s leading thinkers on the economics of blockchain and cryptocurrencies, Stephen McKeon, has joined STORE’s team of advisors.
STORE is a new public blockchain with governance similar to the checks and balances of the U.S. Constitution and underlying cryptoeconomics similar to ride-sharing companies like Uber. On top of STORE, third-party developers will build crypto-powered apps — or cApps.
McKeon (photo above) is associate professor of Finance at the University of Oregon, teaching financial technology, venture capital, and corporate finance in the undergraduate, MBA, and PhD programs.
A prolific author and frequent guest on financial news broadcasts, McKeon is well versed in the areas of cryptoassets, private equity, and security issuance.
“Stephen is one of the most intellectually honest individuals that I’ve met in the crypto space with regards to their underlying economics,” said STORE creator Chris McCoy. “I’m very much looking forward to bringing his academic approach to our team.”
That approach, and the clarity of McKeon’s analysis, is evident in a post written about tokenization of traditional assets.
McKeon’s advisory expertise is in the area of economic design and strategy.
“I’m looking forward to digging into the economics with them as they work to build a protocol of lasting value,” he said.
McCoy said STORE will incentivize all sides of its network across multiple, milestone-based token generating events, ultimately giving it a treasury and governance that lets it operate as more than a thousand-year public protocol.
“STORE is pushing the envelope in terms of thinking carefully about models of governance and transaction costs,” McKeon said.
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