kaal:claim:3071378-003

Because the public blockchain is public and immutable, the technology increases transparency while significantly reducing transaction costs, and intermediaries including lawyers are replaced by code, connectivity, crowd, and collaboration.

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. Intermediaries, including lawyers, are replaced by code, connectivity, crowd, and collaboration.24

Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017), II. Blockchain Technology, p. 6
https://ssrn.com/abstract=3071378 · source PDF

Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378

• public blockchains rather than private ones

mechanismsupport: arguedeconomicsdecentralizationlaw-and-legal-systemseducation-and-practicedisclosure

• extends kaal:claim:2939127-015 Intermediaries, lawyers among them, are replaced by code, connectivity, crowd, and collaboration.
• extends kaal:claim:2939127-014 Because a public blockchain is genuinely public and immutable, it increases transparency while simultaneously ...
• restated_by kaal:claim:3227967-020 Blockchain replaces intermediaries, bureaucracy and old fashioned procedures with the four Cs of code, connect...
• restates kaal:claim:2998033-001 Blockchain technology lowers transaction costs by eliminating intermediaries, and it substitutes immutability ...

The quote above is an exact substring of the source PDF, whose sha256 is 125f01674d13b6bb0310c4be7a20ff538dccbc36ecf352770b3c580028387edd. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/ffe193e9748d56e6...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3071378-003.md | sha256sum