kaal:claim:3782201-008

Blockchain based guarantees remove agency costs because principals become less essential for monitoring agents, which addresses the inherent agency problems in modern finance and corporate governance.

Blockchain-based guarantees remove agency costs because principals are less essen- tial for monitoring agents, which addresses the inherent agency problems in modern finance and corporate governance.

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021), Decentralized Commerce, p. 10
https://ssrn.com/abstract=3782201 · source PDF

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201

• where contracts execute only when all parameters are fulfilled and verified by a majority of miners or nodes

mechanismsupport: arguedcorporate-governancegovernance-designsmart-contractsblockchain

• restated_by kaal:claim:3808867-035 Blockchain based guarantees remove agency costs because principals are less required to institute oversight an...
• restates kaal:claim:3373393-001 As a foundational technology, blockchain technology builds the infrastructure for decentralized networked gove...
• extends kaal:claim:3373393-002 Blockchain technology produces a substantial increase in the efficiency of the agency relationship and lowers ...
• restates kaal:claim:3373393-024 Cryptographic hashes increase blockchain security and remove the trust barriers in agency relationships that o...

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• Extension: The nature of the decentralised autonomous organisation