entity · derived
Intermediaries
Derived node: assembled mechanically from the claims carrying intermediaries. A roster, not an adjudicated definition.
Every claim under this term
- 2922176-011 : Corporate governance intermediaries such as lawyers, accountants, auditors and consultants respond to governance requirements with minimum compliance, applying minimal effort for maximum compliance.
- 2939127-017 : Blockchain's distributed consensus model permits node verification of transactions without compromising the privacy of the parties, which makes it arguably safer than a traditional model requiring thi
- 2959730-019 : Blockchain's distributed consensus model, in which network nodes verify and validate chain transactions before execution, makes it extremely rare for a fraudulent transaction to be recorded in the blo
- 3405660-019 : Indirect regulation is defined as a regulatory approach that regulates the counterparties and intermediaries of hedge funds rather than the hedge funds themselves, addressing the critical regulatory i
- 3406323-030 : Smart contracts enable anonymous parties to engage in decentralized commerce because automated contracting self-executes and self-regulates according to mathematical strictures, removing the need for
- 3411897-019 : Intermediary fees in centralized fiat payment systems make those systems economically viable only at higher transaction volumes, which creates barriers to entry that decentralized payment systems do n
- 3606663-026 : Centralized financial technology does not complete the disintermediation it promises, because users still deal with a technology company as intermediary instead of a financial institution, which leave
- 3782201-016 : Middlemen such as police, lawyers, and insurance salesmen are the catalysts that exist to overcome the friction of economic corruption, and engineers who eliminate them mistake the catalyst for the fr
- 3782201-017 : Human middlemen have an incentive not to entirely eliminate the corruption they are paid to overcome, which is one reason they become falsely identified with the friction itself.
- 3782201-018 : Removing the middlemen who serve as business catalysts would kill the economy: liquidity would dry up because after a few people unfairly lose on business deals, no one will take the risk of initiatin
- 3782201-019 : The correct goal is not to eliminate the middlemen but to automate them, because unlike human middlemen automated middlemen can be designed so that they do not contribute to the corruption they were b
- 3782201-035 : The hope of most Web3 engineers that overhead institutions can be automated away until they vanish is largely misplaced, because business contracts are not getting simpler as technology becomes more s
- 3782201-036 : Middlemen persist rather than being automated away because there are certain junctures in business where novel problems regularly arise whenever circumstances change, requiring creative solutions that
- 3808867-009 : Decentralism holds that trust in a system should not be controlled by corruptible human constructs and institutions run by a limited number of fallible humans; instead trust rests on technology enhanc
- 3808867-036 : Decentralized payment systems hold a comparative advantage over centralized legacy fiat systems because holding and storing cryptocurrencies requires no banking relationship, whereas centralized fiat
- 3936876-007 : The paper certificate system failed at scale: trust companies and intermediaries were overwhelmed by changing ownership records, and from 1967 to 1970 a reported $400 million in securities was lost or
- 3936876-038 : Applying current legacy custody rules developed for traditional assets to digital assets is inconsistent with the foundations of decentralization, because the very nature of a decentralized system man
- 4021599-005 : Disintermediation is a key feature of blockchain technology because the technology incentivizes direct transactions between creators and consumers.
- 4685567-031 : Community based impact verification lets impact systems scale because verification can be stood up instantaneously without paying centralized organizational intermediaries, unlike Impact 2.0 verificat
- 4734750-005 : Bug bounty programs are structurally compromised by their reliance on a trusted intermediary that extracts high commission fees and may hold interests that conflict with the software vendor.
- 4734750-039 : Intermediary payment fees on centralized micro task platforms are economically viable only for high volume workers who can eventually avoid them, so those fees function as a barrier to entry for new m