# kaal:claim:2998033-034

**Claim.** Blockchain enabled per transaction fees align fees with strategy turnover: clients in transaction intensive strategies agree upfront to higher fees while clients in less transaction rich strategies pay lower overall fees.

**Type.** design  **Support.** argued

**Holds when.**

- assumes the per transaction fee is predetermined with clients and can be made publicly available

**Source quote.**

> Accordingly, clients who invest in a more transaction-prone strategy will be able to agree upfront to higher fees whereas clients who invest in a less transaction-rich strategy will pay overall lower fees.

**From.** Wulf A. Kaal, *Blockchain Innovation for Private Investment Funds* (2017), IV.3.b) Per-Transaction Fees, page 28

**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.** ai-and-agents, disclosure, economics

**Keywords.** per-transaction-fees, fee-design, client-alignment, price-transparency

**Related claims.**

- extends: https://wulfkaal.github.io/claims/2959730-032
- extends: https://wulfkaal.github.io/claims/2959730-002

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