kaal:claim:3373393-024

Cryptographic hashes increase blockchain security and remove the trust barriers in agency relationships that otherwise require monitoring of agents and generate agency costs.

Source quote, verbatim

Cryptographic hashes used in blockchain technology further increase blockchain security and removes trust barriers in agency relationships that require monitoring of agents and create agency costs.

From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), III.1 Blockchain Guarantees, p. 15
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: arguedconsensus-and-securitycitation-and-knowledgeblockchainreputationcompliancecorporate-governance

Related claims

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restated_by kaal:claim:3782201-008 Blockchain based guarantees remove agency costs because principals become less essential for monitoring agents...

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