Blockchain-Based Corporate Governance
Wulf A. Kaal · 2019
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. Key Words: 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 Categories: K20, K23, K32, L43, L5, O31, O32 * © 2020 Wulf A. Kaal. Professor, University of Saint Thomas School of Law, Minneapolis. 0 Electronic copy available at: https://ssrn.com/abstract=3441904
Cite: Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904. https://doi.org/10.2139/ssrn.3441904
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