kaal:claim:3441904-027

Reform of agency relationships in decentralized systems is possible only if and when a truly decentralized public blockchain emerges that is scalable and fully secure; without it, information asymmetries, censorship, agent opportunism, and system corruption may persist.

Source quote, verbatim

In decentralized systems, reform of the agency relationships is possible if and when a truly decentralized public blockchain emerges that is scalable and fully secure.

From

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), III.6 Decentralized Infrastructure Requirements, p. 23
https://ssrn.com/abstract=3441904 · source PDF

Cite as

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

Holds when

absence of a scalable and fully secure decentralized public blockchain

Classification

conditionsupport: arguedconsensus-and-securitydecentralization

Related claims

restates kaal:claim:3373393-036 The core issues that afflict centralized governance solutions, including information asymmetries, censorship, ...

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