Because blockchain network nodes verify, validate and audit transactions both before and after execution, the model is safer than a traditional one in which transactions can only be accomplished through third party intermediaries such as a bank, judiciary or notary.
Source quote, verbatim
verify, validate and audit transactions before and after they are executed. 49 This is safer than a traditional model in which transactions can only be accomplished through third-party intermediaries, such as a bank, judiciary or notary.
From
Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Legal Education in a Digital Age Why 'Coding for Lawyers' Matters (2018), VI. Blockchain, p. 23 https://ssrn.com/abstract=3227967 · source PDF
Cite as
Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Legal Education in a Digital Age Why 'Coding for Lawyers' Matters (2018). SSRN: https://ssrn.com/abstract=3227967
Holds when
peer to peer networks using a distributed consensus model
restateskaal:claim:3227933-013 Peer-to-peer transactions are possible because a distributed consensus model has network nodes verify, validat...
extendskaal:claim:2959730-019 Blockchain's distributed consensus model, in which network nodes verify and validate chain transactions before...
restated_bykaal:claim:4021599-004 Blockchain's distributed consensus model makes fraudulent transactions much less likely to be recorded because...
extendskaal:claim:3071378-004 Because network nodes verify and validate chain transactions before execution under a distributed consensus mo...
restateskaal:claim:2939127-017 Blockchain's distributed consensus model permits node verification of transactions without compromising the pr...
extended_bykaal:claim:3373393-023 The distributed consensus model, in which network nodes verify and validate transactions before execution, mak...
extendskaal:claim:3002908-015 Distributed networks disintermediate: because validation is distributed, a centralized validating entity such ...
Verify
The quote above is an exact substring of the source PDF, whose sha256 is f6e13b956f864ab32ec3305d095a35a127770327d75b3688f785cefc437d369f. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/4b31e08cb6703f76...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3227967-018.md | sha256sum