kaal:claim:3227967-018

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.

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.

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

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

• peer to peer networks using a distributed consensus model

mechanismsupport: arguedblockchainconsensus-and-securitydecentralizationreputation

• restates kaal:claim:3227933-013 Peer-to-peer transactions are possible because a distributed consensus model has network nodes verify, validat...
• extends kaal:claim:2959730-019 Blockchain's distributed consensus model, in which network nodes verify and validate chain transactions before...
• restated_by kaal:claim:4021599-004 Blockchain's distributed consensus model makes fraudulent transactions much less likely to be recorded because...
• extends kaal:claim:3071378-004 Because network nodes verify and validate chain transactions before execution under a distributed consensus mo...
• restates kaal:claim:2939127-017 Blockchain's distributed consensus model permits node verification of transactions without compromising the pr...
• extended_by kaal:claim:3373393-023 The distributed consensus model, in which network nodes verify and validate transactions before execution, mak...
• extends kaal:claim:3002908-015 Distributed networks disintermediate: because validation is distributed, a centralized validating entity such ...

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