{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3782201-008",
 "identifier": "kaal:claim:3782201-008",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Future of Decentralization",
  "datePublished": "2021",
  "url": "https://ssrn.com/abstract=3782201",
  "sha256": "bedf7bcfbb7a9b0112b5848cb0d941b1d41f330dafeee0143a30ff5e8aa53700",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Future%20of%20Decentralization.pdf"
 },
 "keywords": [
  "corporate-governance",
  "governance-design",
  "smart-contracts",
  "blockchain"
 ],
 "about": [
  "agency-costs",
  "corporate-governance",
  "smart-contracts",
  "blockchain"
 ],
 "abstract": "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.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "mechanism"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "where contracts execute only when all parameters are fulfilled and verified by a majority of miners or nodes"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/c169297a85d62cc526d15e8819778a335b2b79319fbd44dd2c9e343ea025a59a.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "restated_by",
     "to": "https://wulfkaal.github.io/claims/3808867-035",
     "to_id": "kaal:claim:3808867-035",
     "similarity": 0.877
    },
    {
     "rel": "restates",
     "to": "https://wulfkaal.github.io/claims/3373393-001",
     "to_id": "kaal:claim:3373393-001",
     "similarity": 0.373
    },
    {
     "rel": "extends",
     "to": "https://wulfkaal.github.io/claims/3373393-002",
     "to_id": "kaal:claim:3373393-002",
     "similarity": 0.32
    },
    {
     "rel": "restates",
     "to": "https://wulfkaal.github.io/claims/3373393-024",
     "to_id": "kaal:claim:3373393-024",
     "similarity": 0.314
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "c169297a85d62cc526d15e8819778a335b2b79319fbd44dd2c9e343ea025a59a",
 "canonicalForm": "https://wulfkaal.github.io/claims/3782201-008.md"
}