kaal:position:2026-07-31-6647

Concentration in Governance Control Across Decentralised Finance Protocols presents the following source proposition: Blockchain-based systems are frequently governed through tokens that grant their holders voting rights over core protocol functions and funds. This proposition is pertinent to Kaal's source-bound claim that In a decentralized autonomous organization a series of smart contracts grants token holders voting rights, so the blockchain-based smart contract performs the function that articles of incorporation or bylaws perform in a conventional company. 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.

• The response is limited to the retrieved source proposition and mapped Kaal claim unless fuller source review supports a broader conclusion.
• External evidence level: abstract indexed.
• Mapping review tier: moderate-confidence claim review.
• Primary mapping confidence: 0.3782.
• The source-to-claim mapping remains explicitly ambiguous and is published with that limitation.

Concentration in Governance Control Across Decentralised Finance Protocols

kaal:claim:2922176-036
Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, The ‘Unmediated’ and ‘Tech-Driven’ Corporate Governance of Today's Winning Companies (2017). SSRN: https://ssrn.com/abstract=2922176
Source PDF sha256: fa4e986917d437cb1504281e7b986be2698e9507d8feaf426c9d7d1754ca882c

Evidence: abstract indexed
Review tier: moderate-confidence claim review
Mapping confidence: 0.3782
Mapping ambiguous: true

daosmart-contractsgovernance-designblockchainhistorical-responsescholarly-literatureopenalex

Affirmed in kaal-review:2026-07-31:streaming-etl-0005 on 2026-07-31. Review record.

Canonical markdown sha256: d8ed5c22bc3f18015b8c305df920090922991d56918eef74171da5297383944a
curl -s https://wulfkaal.github.io/positions/2026-07-31-6647.md | sha256sum