# kaal:claim:2959730-031

**Claim.** Manual per transaction fee calculation and settlement is prone to human error, and these errors are removed through the use of blockchain technology.

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

**Holds when.**

- fee calculation and settlement performed manually

**Source quote.**

> While normally the use of this type of fee is prone to human errors that occur during manual calculation or settlement, these errors are removed through the use of blockchain technology

**From.** Wulf A. Kaal, *Blockchain Applications and Fee Structure Developments in Private Investment Funds* (2017), VI. Blockchain-Enabled Pressure on Fee Structure, page 15

**Cite as.** Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

**Verify.** sha256 of source PDF `ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Applications%20and%20Fee%20Structure%20Developments%20in%20Private%20Investment%20Funds.pdf

**Failure mode.** Human error in manual fee calculation  (family: data-quality-and-comparability)

**Topics.** institutional-design

**Keywords.** human-error, fee-calculation, settlement, automation

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