Blockchain agency theory

Longstanding assumptions underlying strategic alliances, such as agency theory, are actively being revoked by dynamics in the new economy. The mechanism of inter-firm cooperation is increasingly altered radical developments blockchains and artificial intelligence among other technologies. To capture address this shift, review takes a problematisation approach focuses wholly on pertinence theory. First, it begins acknowledging established corpus area before, second, appraising seven long-held principal-agent relationship encompassing (1) self-interest, (2) conflicting goals, (3) bounded rationality, (4) information asymmetry, (5) pre-eminence efficiency, (6) risk aversion (7) commodity. Third, to add fresh perspective, proceeds proffer advance novel ‘Blockchain Agency Theory’ that would better describe attributes relaxed behaviour blockchain alliances. These counter common interests, congruent unbounded symmetry, smart contracts, mean availability. In fourth part, prior audience principals agents appraised culminates into, fifth, consideration algocratic environments. Altogether, extend provoke thinking scholars practitioners alike.