kaal:claim:3373393-018

Blockchain provides an alternative governance mechanism that eliminates agency costs, meaning the principal's cost of supervising agents, by creating trust in the contractual relationship between principal and agent.

A later claim in the corpus revises this one. Prefer quoting kaal:claim:3808873-042.

Source quote, verbatim

Blockchain technology provides an alternative governance mechanism that eliminates agency costs - the principal's cost of supervising agents - by creating trust in the contractual relationship between the principal and the agent.

From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), III. Blockchain Solutions for Agency Problems in Corporate Governance, p. 13
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

mechanismsupport: arguedblockchaincorporate-governancereputationgovernance-design

Related claims

restated_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:3441904-003 Because blockchain guarantees prevent any participant from circumventing the coded set of governance rules, a ...
extended_by kaal:claim:3652481-004 A DAO realigns the otherwise disparate interests of principals and agents because all participants in the DAO ...

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Attestation record: colloquium/attestations/6ec55f2e2ecafd43...json
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