kaal:claim:2939127-014

Because a public blockchain is genuinely public and immutable, it increases transparency while simultaneously and significantly reducing transaction costs.

Source quote, verbatim

Because the blockchain (at the least the public blockchain) is in fact public and immutable, the technology increases transparency, while at the same time significantly reducing transaction costs.

From

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017), III. Blockchain Ledger Technology, p. 17
https://ssrn.com/abstract=2939127 · source PDF

Cite as

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127

Holds when

public blockchains rather than consortium or fully private blockchains

Classification

mechanismsupport: arguedblockchaindisclosureeconomics

Related claims

extended_by kaal:claim:3071378-003 Because the public blockchain is public and immutable, the technology increases transparency while significant...
restated_by kaal:claim:3227967-020 Blockchain replaces intermediaries, bureaucracy and old fashioned procedures with the four Cs of code, connect...

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