kaal:claim:3373393-001

As a foundational technology, blockchain technology builds the infrastructure for decentralized networked governance, which over time creates an environment in which the internal and external monitoring mechanisms previously necessitated by agency problems in corporate governance can be removed.

As a foundational technology, blockchain technology creates the infrastructure for decentralized networked governance that, over time, creates the environment that enables the removal of internal and external monitoring mechanisms previously necessitated by agency problems in corporate governance.

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), Abstract, p. 1
https://ssrn.com/abstract=3373393 · source PDF

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393

• over a multi-decade time horizon
• requires the supporting infrastructure components to be built

mechanismsupport: assertedblockchaingovernance-designcorporate-governancecompliancedecentralization

• restated_by kaal:claim:3808867-035 Blockchain based guarantees remove agency costs because principals are less required to institute oversight an...
• restated_by kaal:claim:3782201-008 Blockchain based guarantees remove agency costs because principals become less essential for monitoring agents...

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