kaal:claim:3373393-002

Blockchain technology produces a substantial increase in the efficiency of the agency relationship and lowers agency costs by orders of magnitude.

Source quote, verbatim

Blockchain technology facilitates a substantial increase in efficiency in the agency relationship and lowers agency costs in orders of magnitude.

From

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

Cite as

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

Classification

predictivesupport: assertedblockchaincorporate-governanceeconomicsgovernance-design

Related claims

extended_by kaal:claim:3411897-017 Because governance guarantees are embedded in blockchain code, there is no need for a principal to institute o...
extended_by kaal:claim:3782201-008 Blockchain based guarantees remove agency costs because principals become less essential for monitoring agents...
extended_by kaal:claim:3808867-035 Blockchain based guarantees remove agency costs because principals are less required to institute oversight an...

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