kaal:claim:3373393-019

The immutability of the blockchain and its cryptographic security systems provide transactional guarantees that create trust between principals and agents in the integrity of their contractual relationship, and ensure that no participant can circumvent the rules embedded in blockchain code.

A later claim in the corpus revises this one. Prefer quoting kaal:claim:3808873-042.

Source quote, verbatim

The immutability of the blockchain and its cryptographic security systems provide transactional guarantees and create trust between principals and agents in the integrity of their contractual relationship.

From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), III.1 Blockchain Guarantees, p. 14
https://ssrn.com/abstract=3373393 · source PDF

Cite as

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393

Classification

mechanismsupport: arguedblockchainconsensus-and-securitycitation-and-knowledgereputation

Related claims

specializes kaal:claim:2998033-001 Blockchain technology lowers transaction costs by eliminating intermediaries, and it substitutes immutability ...

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