# kaal:claim:2998033-023

**Claim.** 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.

**Type.** mechanism  **Support.** asserted

**Source quote.**

> 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, page 22

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

**Verify.** sha256 of source PDF `aafb1be3c25cd33da477d759df9ca2f856f0a8fe133d6396da2e75d0af573dbd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Innovation%20for%20Private%20Investment%20Funds.pdf

**Topics.** economics, compliance

**Keywords.** transaction-costs, efficiency, self-enforcement, legacy-systems

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/3409548-024

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.