# kaal:claim:3373393-019

**Claim.** 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.

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

**Source quote.**

> 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, page 14

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

**Verify.** sha256 of source PDF `4d1424b9ba9aff8a61bc7a0dddd02cded93785e5843685dde76c07dcdb23961e` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Blockchain%20Solutions%20for%20Agency%20Problems%20in%20Corporate%20Governance.pdf

**Topics.** blockchain, consensus-and-security, citation-and-knowledge, reputation

**Keywords.** blockchain, immutability, cryptography, trust, transactional-guarantees

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/3808873-042

**Related claims.**

- specializes: https://wulfkaal.github.io/claims/2998033-001

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