Blockchain-Based Corporate Governance
MAX PLANCK INSTITUTE LUXEMBOURG FOR PROCEDURAL LAW (December 2019)
45 Pages Posted: 30 Aug 2019
Date Written: August 23, 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.
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