kaal:claim:3441904-006

Without evolutionary governance upgrades to blockchain protocols, the cost reduction that blockchain brings to the agency relationship cannot be maintained.

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

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), I. Introduction, p. 8
https://ssrn.com/abstract=3441904 · source PDF

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

• a changing environment for blockchain based coded guarantees

conditionsupport: arguedfailure: unmaintained-cost-reductionfamily: rule-obsolescence-and-ossificationcorporate-governancegovernance-designblockchain

• restates kaal:claim:3373393-040 The basis of coded blockchain guarantees will itself evolve and require protocol upgrades, and without evoluti...
• extended_by kaal:claim:3808873-033 Decentralized networks depend on dynamic governance because evolving blockchain protocols require updates, and...

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