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.

"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.

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

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

mechanismsupport: arguedconsensus-and-securityblockchainreputation

• restated_by kaal:claim:3227967-018 Because blockchain network nodes verify, validate and audit transactions both before and after execution, the ...
• extends kaal:claim:3071378-004 Because network nodes verify and validate chain transactions before execution under a distributed consensus mo...
• restated_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...
• restates kaal:claim:2959730-019 Blockchain's distributed consensus model, in which network nodes verify and validate chain transactions before...

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