Annals of Corporate Governance > Vol 5 > Issue 2

Decentralized Corporate Governance via Blockchain Technology

Wulf A. Kaal, University of Saint Thomas School of Law, USA, Kaal8634@stthomas.edu
 
Suggested Citation
Wulf A. Kaal (2020), "Decentralized Corporate Governance via Blockchain Technology", Annals of Corporate Governance: Vol. 5: No. 2, pp 101-147. http://dx.doi.org/10.1561/109.00000025

Publication Date: 10 Jun 2020
© 2020 Wulf A. Kaal
 
Subjects
Computational problems,  Industrial Organization:Theory of the Firm,  Bounded rationality,  Game theory,  Corporate governance,  Corporate entrepreneurship,  Firm ownership,  Corporate finance
 
Keywords
K20K23K32L43L5O31O32
decentralized autonomous organizationblockchaindistributed ledger technologyregulationprotocolsoptimizationefficiencygovernancedynamic regulationprincipal-agentemerging technologyagency costmonitoringfeedback effects
 

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In this article:
1. Introduction
2. Business Organization Revisited
3. Governance Shortcomings in DAOs
4. Dynamic Governance in Decentralized Systems
5. Optimizing DAO Governance
6. Reforming Corporate Governance
7. Conclusion

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.

DOI:10.1561/109.00000025
ISBN: 978-1-68083-676-9
60 pp. $55.00
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ISBN: 978-1-68083-677-6
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Table of contents:
1. Introduction
2. Business Organization Revisited
3. Governance Shortcomings in DAOs
4. Dynamic Governance in Decentralized Systems
5. Optimizing DAO Governance
6. Reforming Corporate Governance
7. Conclusion

Decentralized Corporate Governance via Blockchain Technology

Decentralized Corporate Governance via Blockchain Technology explains how corporations and other 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.

 
ACG-025