kaal:position:2026-07-31-5929
Legal tech and blockchain for corporate governance and shareholders presents the following source proposition: The chapter provides a general introduction to the agency problem and the associated agency costs between shareholders and their corporate board members in corporate governance and introduces blockchain technology as a solution to the agency problem, thereby discussing the decentralized autonomous organization (hereinafter: The DAO). This proposition is pertinent to Kaal's source-bound claim that Blockchain provides an alternative governance mechanism that eliminates agency costs, meaning the principal's cost of supervising agents, by creating trust in the contractual relationship between principal and agent. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
blockchaincorporate-governancereputationgovernance-designhistorical-responsescholarly-literatureopenalex