# kaal:claim:3373393-040

**Claim.** 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.

**Type.** condition  **Support.** argued

**Source quote.**

> 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, page 25

**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.** unmaintained-cost-reduction  (family: rule-obsolescence-and-ossification)

**Topics.** governance-design, institutional-design, corporate-governance, blockchain

**Keywords.** protocol-upgrades, evolutionary-governance, agency-costs, blockchain

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3441904-006

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