MAX PLANCK INSTITUTE LUXEMBOURG FOR PROCEDURAL LAW (December 2019)

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

JEL Classification: K20, K23, K32, L43, L5, O31, O32

Available at SSRN: 

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3441904

#blockchain #networks #crypto #exchange #5g #developers #internationalization  #decentralized #monitoring #solutions #law #DAO #corporategovernance

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