kaal:claim:3373393-025

Smart contracts enabled by blockchain technology allow comprehensive, near error free, and zero transaction and agency cost coordination of agency relationships.

Source quote, verbatim

Smart contracts enabled by blockchain technology allow for the comprehensive, near error free, and zero transaction/agency cost coordination of agency relationships.

From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), III.1 Blockchain Guarantees, p. 16
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: assertedsmart-contractseconomicscorporate-governanceinstitutional-design

Related claims

generalizes kaal:claim:3981021-012 DAOs are truly global borderless entities that coordinate agency relationships and limit liabilities via smart...
restated_by kaal:claim:3405401-005 Smart contracts benefit business by simplifying and automating transactions, removing transaction costs, and c...
extended_by kaal:claim:3405401-004 Smart contracts are evolving quickly, and that evolution will allow most business logic to be encoded in smart...
restated_by kaal:claim:3405401-006 Automation in smart contracting reduces negotiation between counterparties to near minimal levels and removes ...
extended_by kaal:claim:3406323-030 Smart contracts enable anonymous parties to engage in decentralized commerce because automated contracting sel...

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Positions extending this scholarly claim