kaal:claim:3373393-040

The basis of coded blockchain guarantees will itself evolve and require protocol upgrades, and without evolutionary governance upgrades the cost reduction achieved for the agency relationship cannot be maintained.

Source quote, verbatim

Without evolutionary governance upgrades the cost reduction for the agency relationship cannot be maintained.

From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), IV. Open Issues, p. 25
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

conditionsupport: arguedfailure: unmaintained-cost-reductionfamily: rule-obsolescence-and-ossificationgovernance-designinstitutional-designcorporate-governanceblockchain

Related claims

restated_by kaal:claim:3441904-006 Without evolutionary governance upgrades to blockchain protocols, the cost reduction that blockchain brings to...

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