kaal:claim:3709041-004

Power in a blockchain system is exercised through the consensus protocol, which places control of data with multiple networked parties and thereby creates checks and balances that prevent any single vested interest from controlling the system.

Power is exercised by way of blockchain's consensus protocol. The consensus protocol enables the control of data by multiple networked parties. It facilitates a system of checks and balances that prohibits any vested interest and control of the system.

Kaal, Blockchain Technology for Good (2020), I. Introduction, p. 5
https://ssrn.com/abstract=3709041 · source PDF

Kaal, Blockchain Technology for Good (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3709041

mechanismsupport: assertedconsensus-and-securitygovernance-designdecentralization

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