kaal:claim:2998033-026

Large managers will begin adopting blockchain and related technologies only once the long term benefits exceed implementation cost, and because implementation cost is much higher for large managers than for the small managers now experimenting, adoption is delayed at the top of the industry.

If and when the long-term benefits of using the technologies exceed the implementation cost, which are much larger for larger managers than for the smaller managers who are currently experimenting with such technologies, larger managers are incentivized to start the innovation process as well.

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017), IV.2. Competitive Pressure, p. 23
https://ssrn.com/abstract=2998033 · source PDF

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

• assumes implementation cost scales with manager size

conditionsupport: arguedinnovationrisk-and-incentives

• extends kaal:claim:2959730-027 The threshold for change for bigger fund managers is dictated by the implementation cost of the new technologi...
• restated_by kaal:claim:3409548-038 Large managers will begin innovating only once the long-term benefits of the technologies exceed their impleme...
• restated_by kaal:claim:3002908-024 Larger fund managers will adopt blockchain only once the long term benefits exceed implementation cost, and be...

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