# kaal:claim:3406323-007

**Claim.** Decentralized Autonomous Organizations challenge the core belief that governance necessitates agency, because a DAO can operate a governance structure built entirely on software, code, and smart contracts.

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

**Holds when.**

- DAOs instantiated on public blockchain platforms such as Ethereum

**Source quote.**

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

**From.** Wulf A. Kaal, *Decentralization - A Primer on the New Economy* (2019), II. Types of Decentralization, page 6

**Cite as.** Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

**Verify.** sha256 of source PDF `6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralization%20-%20A%20Primer%20on%20the%20New%20Economy.pdf

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

**Keywords.** dao, governance, agency-theory, organizational-design

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/3411897-008
- restates: https://wulfkaal.github.io/claims/3373393-028
- restated_by: https://wulfkaal.github.io/claims/3808852-015
- extends: https://wulfkaal.github.io/claims/3227933-030
- extends: https://wulfkaal.github.io/claims/3227967-023

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