Blockchain technology creates an independent and transparent platform for establishing truth and building trust, replacing intermediaries, bureaucracy and old procedures with what the authors call the four Cs of code, connectivity, crowd, and collaboration.
Source quote, verbatim
In short, blockchain technology creates an independent and transparent platform for establishing truth and building trust. Intermediaries, bureaucracy, and old-fashioned procedures are replaced by the "4 Cs" of code, connectivity, crowd, and collaboration.
From
Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 3. Blockchain, p. 11 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: assertedreputationblockchain
Related claims
restated_bykaal:claim:3227967-020 Blockchain replaces intermediaries, bureaucracy and old fashioned procedures with the four Cs of code, connect...
extendskaal:claim:2939127-015 Intermediaries, lawyers among them, are replaced by code, connectivity, crowd, and collaboration.
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