# kaal:claim:3373393-037

**Claim.** As agency relationships become more complex, a backstop for human behavior becomes necessary, and the claim that smart contract agency relationships run exactly as coded with no possibility of agent opportunism is less likely to hold in complex agency relationships.

**Type.** failure  **Support.** argued

**Holds when.**

- complex agency relationships

**Source quote.**

> As agency relationships become more complex, a backstop for human behavior in agency relationships becomes necessary.

**From.** Wulf A. Kaal, *Blockchain Solutions for Agency Problems in Corporate Governance* (2019), IV. Open Issues, page 24

**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

**Failure mode.** code-only-governance-in-complex-relationships  (family: agency-cost-and-managerial-opportunism)

**Topics.** smart-contracts

**Keywords.** smart-contracts, complexity, human-backstop, opportunism

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3441904-028

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.