kaal:claim:3441904-003

Because blockchain guarantees prevent any participant from circumventing the coded set of governance rules, a lower level of oversight and monitoring of agents is needed, which changes the cost structure of the principal agent relationship.

Hence, in the blockchain infrastructure, a lower level of oversight and monitoring of agents changes the cost structure of the principal agent relationship.

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), I. Introduction, p. 6
https://ssrn.com/abstract=3441904 · source PDF

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

• blockchain infrastructure with consensus verified contract execution

mechanismsupport: arguedcorporate-governancecomplianceblockchainai-and-agents

• extends kaal:claim:3373393-018 Blockchain provides an alternative governance mechanism that eliminates agency costs, meaning the principal's ...

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• Extension: KnowLedger - A Multi-Agent System Blockchain for Smart Cities Data