kaal:claim:2939127-017

Blockchain's distributed consensus model permits node verification of transactions without compromising the privacy of the parties, which makes it arguably safer than a traditional model requiring third party intermediary validation.

That model also allows node verification of transactions without compromising the privacy of the parties and is therefore arguably safer than a traditional model that requires third-party intermediary validation of transactions.

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017), III.1. Blockchain Technology Defined, p. 21
https://ssrn.com/abstract=2939127 · source PDF

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

• blockchains using node based distributed consensus

mechanismsupport: arguedblockchainconsensus-and-security

• extended_by kaal:claim:3373393-023 The distributed consensus model, in which network nodes verify and validate transactions before execution, mak...
• restated_by kaal:claim:4021599-004 Blockchain's distributed consensus model makes fraudulent transactions much less likely to be recorded because...
• restated_by kaal:claim:3227967-018 Because blockchain network nodes verify, validate and audit transactions both before and after execution, the ...
• restated_by kaal:claim:3071378-004 Because network nodes verify and validate chain transactions before execution under a distributed consensus mo...

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