# kaal:claim:2939127-035

**Claim.** The traditional legal tool kit worked adequately when innovation cycles were long, but where innovation is exponential it is regularly out of touch with the radically different needs of a decentralized world and often produces disastrous outcomes.

**Type.** failure  **Support.** argued

**Holds when.**

- exponential rather than long innovation cycles
- decentralized technological environments

**Source quote.**

> This approach might have worked adequately when innovation cycles were longer, but in a world where innovations occur exponentially, the traditional legal tool kit is regularly out of touch with the radically different needs of a decentralized world.

**From.** Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, *Legal Education in the Blockchain Revolution* (2017), IV. Educating the 21st Century Lawyer, page 35

**Cite as.** Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127

**Verify.** sha256 of source PDF `abcef529c7200261c59eec43018375b3b26e3186239fb9d002bacc298dba26ff` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Fenwick%20et%20al.%20-%202017%20-%20Legal%20Education%20in%20the%20Blockchain%20Revolution.pdf

**Failure mode.** traditional-toolkit-obsolescence  (family: collective-action-and-coordination-failure)

**Topics.** law-and-legal-systems, education-and-practice, decentralization, innovation

**Keywords.** legal-education, lawyer-skills, decentralization, innovation-cycles

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