# kaal:claim:3227967-020

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Source quote.**

> 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, page 24

**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

**Verify.** sha256 of source PDF `f6e13b956f864ab32ec3305d095a35a127770327d75b3688f785cefc437d369f` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Fenwick%20et%20al.%20-%202018%20-%20Legal%20Education%20in%20a%20Digital%20Age%20Why%20%27Coding%20for%20Lawyers%27%20Matters.pdf

**Topics.** blockchain, decentralization, disclosure

**Keywords.** blockchain, disintermediation, cost-reduction, transparency

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3227933-016
- restates: https://wulfkaal.github.io/claims/3071378-003
- extends: https://wulfkaal.github.io/claims/2939127-015
- restates: https://wulfkaal.github.io/claims/2939127-014

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