kaal:claim:3373393-023

The distributed consensus model, in which network nodes verify and validate transactions before execution, makes it extremely rare for a fraudulent transaction to be recorded in the blockchain, and it does so without compromising the privacy of the parties.

Blockchains' distributed consensus model, e.g. the network "nodes" verify and validate chain transactions before transaction execution, makes it extremely rare for a fraudulent transaction to be recorded in the blockchain.

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), III.1 Blockchain Guarantees, p. 15
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

mechanismsupport: arguedblockchainconsensus-and-security

• extends kaal:claim:2959730-019 Blockchain's distributed consensus model, in which network nodes verify and validate chain transactions before...
• extends kaal:claim:3071378-004 Because network nodes verify and validate chain transactions before execution under a distributed consensus mo...
• restated_by kaal:claim:3709041-005 Because individual network nodes verify and validate transactions before execution under the distributed conse...
• restated_by kaal:claim:4021599-004 Blockchain's distributed consensus model makes fraudulent transactions much less likely to be recorded because...
• extends kaal:claim:2939127-017 Blockchain's distributed consensus model permits node verification of transactions without compromising the pr...
• restates kaal:claim:3227933-013 Peer-to-peer transactions are possible because a distributed consensus model has network nodes verify, validat...
• extends kaal:claim:3227967-018 Because blockchain network nodes verify, validate and audit transactions both before and after execution, the ...

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