# Professor David Yermack discusses his research on the impact of blockchain technology on corporate governance

1 Faculty News December 14, 2015 ![CoinDesk logo](/sites/default/files/styles/246w/public/assets/images/coindesklogo192x144.jpg?itok=JirvmN30)>

Excerpt from [CoinDesk](http://www.coindesk.com/nber-report-blockchain-could-shift-balance-of-corporate-power/) -- "Authored by New York University (NYU) professor [David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack), the second working paper by the US non-profit explores how the widespread adoption of distributed ledgers could impact investors, shareholders, auditors and other participants in corporate governance. Citing recent proofs-of-concept at major stock exchanges, the NBER paper explores a future where blockchains are used to record equities in corporations, providing real-time insight into corporate share transfers."

[Read more](http://www.coindesk.com/nber-report-blockchain-could-shift-balance-of-corporate-power/)