# kaal:claim:2998033-026

**Claim.** 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.

**Type.** condition  **Support.** argued

**Holds when.**

- assumes implementation cost scales with manager size

**Source quote.**

> 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.

**From.** Wulf A. Kaal, *Blockchain Innovation for Private Investment Funds* (2017), IV.2. Competitive Pressure, page 23

**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.** innovation, risk-and-incentives

**Keywords.** implementation-cost, adoption-threshold, large-managers, innovation-incentives

**Related claims.**

- extends: https://wulfkaal.github.io/claims/2959730-027
- restated_by: https://wulfkaal.github.io/claims/3409548-038
- restated_by: https://wulfkaal.github.io/claims/3002908-024

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