Download This PaperBlockchain-Based Corporate Governance
Stanford Journal of Blockchain Law & Policy, Vol. 4, Issue 1 (2021)
MAX PLANCK INSTITUTE LUXEMBOURG FOR PROCEDURAL LAW (December 2019)
U of St. Thomas (Minnesota) Legal Studies Research Paper No. 19-10
45 Pages Posted: 30 Aug 2019 Last revised: 21 Oct 2020
Date Written: August 23, 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
Suggested Citation: Suggested Citation
Wulf A. Kaal (Contact Author)
University of St. Thomas, Minnesota - School of Law ( email )
MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States