Blockchain Solutions for Agency Problems in Corporate Governance
Wulf A. Kaal
Abstract
As a foundational technology, blockchain technology creates the infrastructure for decentralized networked governance that, over time, creates the environment which enables the removal of internal and external monitoring mechanisms previously necessitated by agency problems in corporate governance. Blockchain technology facilitates a substantial increase in efficiency in the agency relationship and lowers agency costs in orders of magnitude.
Topics & Concepts
Agency (philosophy)Corporate governanceBlockchainBusinessAccountingComputer scienceComputer securityFinanceSociologySocial scienceBlockchain Technology Applications and Security