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.

Source quote, verbatim

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.

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

definitionalsupport: assertedblockchainsmart-contractsconsensus-and-security

Related claims

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

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