Corporate governance is finding blockchains highly enticing for its transparent nature. When combined with ‘smart contracts’ that help exchange money, property, and shares in a transparent conflict-free way, blockchains have become quite revolutionary for corporate governance.
Arguably, the most attractive feature of blockchains to corporate governance is the ability for secure and accurate proxy voting. Proxy voting is a complicated process for corporations whose shareholders and board members are often absent from this process. This can result in flaws, inexact voter lists, incomplete distribution of ballots, and problematic vote tabulation. Blockchains are innovating this cumbersome and unsecured process due to its reliability and transparency.