# kaal:claim:3441904-003

**Claim.** 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.

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

**Holds when.**

- blockchain infrastructure with consensus verified contract execution

**Source quote.**

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

**From.** Wulf A. Kaal, *Blockchain-Based Corporate Governance* (2019), I. Introduction, page 6

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

**Verify.** sha256 of source PDF `e6b562527f7f19accaa35491db0a0db168b6a936755e1dca424e9f30bee7a815` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Blockchain-Based%20Corporate%20Governance.pdf

**Topics.** corporate-governance, compliance, blockchain, ai-and-agents

**Keywords.** agency-cost, monitoring, blockchain, principal-agent

**Related claims.**

- extends: https://wulfkaal.github.io/claims/3373393-018

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