Blockchains represent a novel application of cryptography and information technology to age-old problems of financial record keeping, and they may lead to far reaching changes in Corporate Governance. Many major players in the financial industry have begun to invest in this new technology.

Create a report where you will evaluate why good corporate governance is important for a business and how Blockchain technology can reduce corporate governance issues caused by fraud and the principal-agent problem.

(Approximately 800 words, 20%)

In this section students should demonstrate understanding, knowledge, and an ability to critically evaluate the differing theoretical viewpoints associated with the topic. The response should attempt to incorporate a critical perspective through relevant academic referencing, rather than overly describing the topic. Attempting to evaluate within a practical, real-life business context through investigation of academic empirical findings will assist in developing the response. include references in the main work