kaal:claim:3808867-035

Blockchain based guarantees remove agency costs because principals are less required to institute oversight and monitoring of agents, which addresses inherent agency problems in modern finance and corporate governance.

Source quote, verbatim

Blockchain-based guarantees remove agency costs because principals are less required to institute oversight and monitoring of agents which addresses the inherent agency problems in modern finance and corporate governance.

From

Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021), V. Decentralized Commerce, p. 17
https://ssrn.com/abstract=3808867 · source PDF

Cite as

Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021). SSRN: https://ssrn.com/abstract=3808867

Holds when

contracts whose parameters are verified by a majority of miners or nodes

Classification

mechanismsupport: arguedcorporate-governancegovernance-designblockchaincompliance

Related claims

restates kaal:claim:3782201-008 Blockchain based guarantees remove agency costs because principals become less essential for monitoring agents...
restates kaal:claim:3373393-021 Because governance guarantees are embedded in code, there is no need in the blockchain infrastructure for the ...
restates kaal:claim:3411897-017 Because governance guarantees are embedded in blockchain code, there is no need for a principal to institute o...
restates kaal:claim:3373393-001 As a foundational technology, blockchain technology builds the infrastructure for decentralized networked gove...
restates kaal:claim:3373393-024 Cryptographic hashes increase blockchain security and remove the trust barriers in agency relationships that o...
extends kaal:claim:3373393-002 Blockchain technology produces a substantial increase in the efficiency of the agency relationship and lowers ...

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Attestation record: colloquium/attestations/dd0deb09e63d8110...json
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