# kaal:claim:2998033-033

**Claim.** Per transaction fee models were previously impractical because settlement and calculation created a prohibitive amount of manual work; blockchain removes that barrier by automatically allocating the correct fee to the correct executed trade and client account without manual reconciliation.

**Type.** mechanism  **Support.** argued

**Source quote.**

> It enables the fully automated allocation of the appropriate fee to the correct executed trade and associated client account without any manual reconciliation or settlement.

**From.** Wulf A. Kaal, *Blockchain Innovation for Private Investment Funds* (2017), IV.3.b) Per-Transaction Fees, page 27

**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

**Keywords.** per-transaction-fees, automation, reconciliation, settlement, operational-efficiency

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