kaal:claim:3373393-021

Because governance guarantees are embedded in code, there is no need in the blockchain infrastructure for the principal to institute oversight and monitoring, and the associated agency costs disappear.

Source quote, verbatim

Hence, in the blockchain infrastructure, there is no need for the principal to institute oversight and monitoring with the associated agency costs.

From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), III.1 Blockchain Guarantees, p. 14
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

Holds when

assumes the coded guarantees hold

Classification

mechanismsupport: arguedblockchaincompliancecorporate-governancegovernance-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...
restated_by kaal:claim:3808867-035 Blockchain based guarantees remove agency costs because principals are less required to institute oversight an...

Verify

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Attestation record: colloquium/attestations/b9f79ef3bfa69617...json
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