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.

Source quote, verbatim

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.

From

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

Cite as

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

Holds when

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

Classification

mechanismsupport: arguedcorporate-governancegovernance-designsmart-contractsblockchain

Related claims

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...

Verify

The quote above is an exact substring of the source PDF, whose sha256 is bedf7bcfbb7a9b0112b5848cb0d941b1d41f330dafeee0143a30ff5e8aa53700. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/c169297a85d62cc5...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3782201-008.md | sha256sum