Putting a corporation on a blockchain

We've discussed blockchain as a mechanism for stakeholders to have greater control over corporate governance. What could shareholders control?

Men like Benjamin Graham delighted in taking over corporations that didn't perform and forcing them to pay dividends. This is an example of shareholder activism. The corporation exists for your benefit—if it's not working for you, make it work for you.

Running a big cash surplus? Make it pay cash dividends.

Executive compensation out of control? Cut compensation, renegotiate, and fire, as the law allows.

Your corporation is a Radio Shack or a Blockbuster, woefully under-equipped to compete today? Liquidate it. Turn it into Ether.

Corporations with activist shareholders tend to outperform those that do not have them. If GE had had activist shareholders with good visibility into company finances, the CEO would not have had an opportunity to have an extra private jet follow his private jet in case his private jet broke down. (Yes, seriously.)

Institutional inertia and the slow death of capital seems less of a risk in an environment in which the shareholders have the option of pulling the entity off of life support at a moment's notice.