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.
Source quote, verbatim
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.
From
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
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
blockchains using node based distributed consensus
extended_bykaal:claim:3373393-023 The distributed consensus model, in which network nodes verify and validate transactions before execution, mak...
restated_bykaal:claim:4021599-004 Blockchain's distributed consensus model makes fraudulent transactions much less likely to be recorded because...
restated_bykaal:claim:3227967-018 Because blockchain network nodes verify, validate and audit transactions both before and after execution, the ...
restated_bykaal:claim:3071378-004 Because network nodes verify and validate chain transactions before execution under a distributed consensus mo...
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