Decentralized Corporate Governance via Blockchain Technology

Wulf A. Kaal

Annals of Corporate Governance, 2020, vol. 5, issue 2, 101-147

Abstract: Corporations and other forms of business organizations can be supplemented with blockchain-based agency constructs. Blockchain-based decentralized autonomous organizations (DAOs) expand the definition of the firm. On-chain DAO governance enables dynamic regulatory features that facilitate unprecedented decentralized regulatory solutions.

Keywords: corporate governance; decentralized autonomous organization; blockchain; distributed ledger technology; regulation; protocols; optimization; efficiency; governance; dynamic regulation; principal-agent; emerging technology; agency cost; monitoring; feedback effects. (search for similar items in EconPapers)
JEL-codes: K20 K23 K32 L43 L5 O31 O32 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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