kaal:claim:3227967-020

Blockchain replaces intermediaries, bureaucracy and old fashioned procedures with the four Cs of code, connectivity, crowd and collaboration, which increases openness and speed while significantly reducing costs.

Intermediaries, bureaucracy and old-fashioned procedures are replaced by the 4 Cs: code, connectivity, crowd, and collaboration. 55 The technology increases openness and speed, while at the same time significantly reducing costs.

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Legal Education in a Digital Age Why 'Coding for Lawyers' Matters (2018), VI. Blockchain, p. 24
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

mechanismsupport: arguedblockchaindecentralizationdisclosure

• restates kaal:claim:3227933-016 Blockchain technology creates an independent and transparent platform for establishing truth and building trus...
• restates kaal:claim:3071378-003 Because the public blockchain is public and immutable, the technology increases transparency while significant...
• extends kaal:claim:2939127-015 Intermediaries, lawyers among them, are replaced by code, connectivity, crowd, and collaboration.
• restates kaal:claim:2939127-014 Because a public blockchain is genuinely public and immutable, it increases transparency while simultaneously ...

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