kaal:claim:3227933-013

Peer-to-peer transactions are possible because a distributed consensus model has network nodes verify, validate and audit transactions before and after execution, and this is often safer than routing transactions through a single trusted third-party intermediary.

Source quote, verbatim
"Peer-to-peer" transactions are possible because the technology uses a "distributed consensus model" where the network "nodes" verify, validate and audit transactions before and after they are executed.
From

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 3. Blockchain, p. 10
https://ssrn.com/abstract=3227933 · source PDF

Cite as

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933

Classification

mechanismsupport: arguedconsensus-and-securityblockchainreputation

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