OnV-formFirms:Governance,Cryptocurrency,andInternalizationontheBlockchainJamesCaton∗November3,2020AbstractAlthoughtheV-formorganizationhasreceivedattentioninlightofthein-tegrationofblockchainwithprocessesinsupplychains,analysisofaV-formorganizationasafirmintermsofitsidentityaslegalentityhasnotbeenconsidered.Buildingontheconceptofinternalization,Ireflectupontheeffi-ciencyincreasestheV-formfirmcanoffertosupplychainmembers.V-formfirmscansupportrobust,decentralizedmarketsthatusecryptocurrencyna-tivetotheblockchainwithwhichthesupplychainisintegrated.Likewise,theV-formfirmcanprovidepropertywithinthefirmandwhichthefirmisincentivizedtoprotectfrompredatoryinterven...