# kaal:claim:2939127-014

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

**Type.** mechanism  **Support.** argued

**Holds when.**

- public blockchains rather than consortium or fully private blockchains

**Source quote.**

> 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, page 17

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

**Verify.** sha256 of source PDF `abcef529c7200261c59eec43018375b3b26e3186239fb9d002bacc298dba26ff` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Fenwick%20et%20al.%20-%202017%20-%20Legal%20Education%20in%20the%20Blockchain%20Revolution.pdf

**Topics.** blockchain, disclosure, economics

**Keywords.** blockchain, transparency, transaction-costs, immutability

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/3071378-003
- restated_by: https://wulfkaal.github.io/claims/3227967-020

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.