kaal:claim:2998033-023

Because blockchain is transparent, verifiable, self authenticating and self enforcing, financial transactions can be executed instantaneously at near zero transaction cost, which raises efficiency for businesses and individuals exponentially.

Source quote, verbatim

Because blockchain technology is transparent, verifiable, self- authenticating, and self-enforcing, financial transactions can be executed instantaneously at near zero transaction costs, increasing the efficiency for business and individuals exponentially.

From

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017), IV. Impact of Blockchain Use on Private Investment Fund Industry, p. 22
https://ssrn.com/abstract=2998033 · source PDF

Cite as

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033

Classification

mechanismsupport: assertedeconomicscompliance

Related claims

extended_by kaal:claim:3409548-024 Because blockchain is transparent, verifiable, self-authenticating and self-enforcing, transactions can settle...

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