# kaal:claim:3373393-028

**Claim.** Decentralized Autonomous Organizations have begun to challenge the core belief that governance necessitates agency, because blockchain enables the removal of agents as intermediaries through code, peer-to-peer connectivity, crowds, and collaboration.

**Type.** mechanism  **Support.** argued

**Source quote.**

> Decentralized Autonomous Organizations (DAOs) have started to challenge the core believe that governance necessitates agency.

**From.** Wulf A. Kaal, *Blockchain Solutions for Agency Problems in Corporate Governance* (2019), III.2 Removal of Agents, page 18

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

**Verify.** sha256 of source PDF `4d1424b9ba9aff8a61bc7a0dddd02cded93785e5843685dde76c07dcdb23961e` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Blockchain%20Solutions%20for%20Agency%20Problems%20in%20Corporate%20Governance.pdf

**Topics.** dao, decentralization, governance-design

**Keywords.** dao, disintermediation, governance, agency-theory, peer-to-peer

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3406323-007
- restated_by: https://wulfkaal.github.io/claims/3411897-008

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