kaal:claim:3441904-032

Traditional jurisdictional principles cannot directly apply to blockchain technology because the blockchain is merely a collection of agreed upon calculations by decentralized computer systems, and no particular node holds the entire blockchain.

Source quote, verbatim

Traditional jurisdictional principles cannot directly apply to blockchain technology because the blockchain is a mere collection of agreed-upon calculations by decentralized computer systems.

From

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), IV.1 Shortcomings of Centralized Governance in Decentralized Systems, p. 27
https://ssrn.com/abstract=3441904 · source PDF

Cite as

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

Holds when

public decentralized blockchains maintained by anonymous global users

Classification

mechanismsupport: arguedlaw-and-legal-systemsblockchaincompliancedecentralization

Related claims

restates kaal:claim:3002908-006 Traditional jurisdictional tests fail for blockchain because the concepts of location and presence do not appl...
restated_by kaal:claim:3799320-011 Cybernetic systems change constantly and are less amenable to jurisdictional reach, which makes it nearly impo...

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