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.
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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.
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. 24 https://ssrn.com/abstract=3227967 · source PDF
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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
restateskaal:claim:3227933-016 Blockchain technology creates an independent and transparent platform for establishing truth and building trus...
restateskaal:claim:3071378-003 Because the public blockchain is public and immutable, the technology increases transparency while significant...
extendskaal:claim:2939127-015 Intermediaries, lawyers among them, are replaced by code, connectivity, crowd, and collaboration.
restateskaal:claim:2939127-014 Because a public blockchain is genuinely public and immutable, it increases transparency while simultaneously ...
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