kaal:claim:3373393-020

A blockchain guarantee means that a contract between principal and agent executes only if and when all contract parameters have been fulfilled by both parties and verified by a majority of miners or nodes in the system.

Blockchain guarantees include contract execution between principal and agent only if and when all contract parameters were fulfilled by both parties and verified by a majority of miners/nodes in the system.

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

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

definitionalsupport: assertedblockchainsmart-contractsconsensus-and-security

• generalizes kaal:claim:4855607-019 In traditional federated learning environments the reliability of updates arriving from various nodes is hard ...

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