# kaal:claim:3441904-027

**Claim.** 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.

**Type.** condition  **Support.** argued

**Holds when.**

- absence of a scalable and fully secure decentralized public blockchain

**Source quote.**

> 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, page 23

**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.** consensus-and-security, decentralization

**Keywords.** scalability, security, agency-relationships, decentralized-infrastructure

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3373393-036

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