기업지배구조에 있어서 블록체인의 영향

The main feature of the blockchain technology is that it can verify ownership through a distributed ledger rather than a ledger managed by a central institution, so it has the advantage of reducing transaction cost or time. In addition, it has been argued that it can be used as a means to solve the problem of agents due to information asymmetry in the existing corporate governance structure in that it is a technology that can pursue transparency, integrity, and anonymity. Thus, a decentralized autonomous organization based on blockchain technology was proposed as an alternative, and it was argued that a decentralized autonomous company composed of shareholder-capital-software would be possible. Through this, it was examined whether a decentralized autonomous company with limited and horizontal governance of the existing hierarchical governance could be recognized as a joint stock company under the current legislation. In addition, even a distributed autonomous company consisting of shareholders-capital-software may impede decision-making procedures if passive members are not actively exercising their voting rights. At this time, it was suggested that decision-making power could be given to A and I because it was impossible to exclude the need for someone to represent them. However, under the current legislation, there are structural problems that are not suitable for acceptance, so changes in related regulations are urgent. Therefore, it is necessary to focus on what positive influences the development of technologies such as blockchain and artificial intelligence can exert in the field of corporate law and attempt to change.