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