Technology and Corporate Governance: Blockchain, Crypto, and Artificial Intelligence

Lex Research Topics in Corporate Law & Economics Working Paper No. 2018-7

European Corporate Governance Institute (ECGI) - Law Working Paper No. 424/2018

32 Pages Posted: 22 Oct 2018 Last revised: 7 Nov 2018

See all articles by Mark Fenwick

Mark Fenwick

Kyushu University - Graduate School of Law

Erik P. M. Vermeulen

Tilburg University - Department of Business Law; Philips Lighting - Legal Department; Tilburg Law and Economics Center (TILEC); European Corporate Governance Institute (ECGI); Kyushu University - Graduate School of Law

Date Written: October 9, 2018

Abstract

Over recent decades, the on-going “digital revolution” has transformed many aspects of everyday life. Think of the increased power and shrinking size of personal computers and smartphones; the global expansion of the Internet and the new forms of social interaction that have been created; and, the ready availability of massive amounts of cloud-based information (“Big Data”), which is processed by automated algorithms for use in multiple settings. But, how has the digital transformation affected the organization and operation of a business, and what does this mean for current regulatory frameworks, particularly those related to corporate governance? And, how are current and near-future technological developments - think distributed ledger technologies, “smarter” forms of automation and artificial intelligence - likely to disrupt the current corporate governance discussion? This paper explores these questions and concludes that current corporate governance approaches need to adapt to these technological and business developments in order to remain relevant.

Keywords: Artificial Intelligence, Blockchain, Corporate Governance, Cryptocurrency, Crypto, Decentralization, Deep Learning, Digital Transformation, Distributed Ledger Technology, Machine Learning, Smart contracts, Technology, Tokens

JEL Classification: D26, D85, G30, K20, K22, L17, L26, O16

Suggested Citation

Fenwick, Mark and Vermeulen, Erik P.M., Technology and Corporate Governance: Blockchain, Crypto, and Artificial Intelligence (October 9, 2018). Lex Research Topics in Corporate Law & Economics Working Paper No. 2018-7; European Corporate Governance Institute (ECGI) - Law Working Paper No. 424/2018. Available at SSRN: https://ssrn.com/abstract=3263222 or http://dx.doi.org/10.2139/ssrn.3263222

Mark Fenwick

Kyushu University - Graduate School of Law ( email )

6-19-1 Hakozaki,
Fukuoka
Japan

Erik P.M. Vermeulen (Contact Author)

Tilburg University - Department of Business Law ( email )

Philips Lighting - Legal Department ( email )

Amstelplein 2
Amsterdam
Netherlands

Tilburg Law and Economics Center (TILEC)

Warandelaan 2
Tilburg, 5000 LE
Netherlands

European Corporate Governance Institute (ECGI) ( email )

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

Kyushu University - Graduate School of Law ( email )

6-19-1, Hakozaki, Higashiku
Fukuoka, 812-8581
Japan

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