Blockchain's structural characteristic as a decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure, so private funds that adopt it first directly accelerate that disintermediation.
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First and foremost, the structural characteristic of blockchain as a decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure. Private investment
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Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017), VI. Blockchain Technology Applications for Private Investment Funds, p. 48 https://ssrn.com/abstract=2998097 · source PDF
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Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097
restated_bykaal:claim:3409548-039 The structural characteristic of blockchain as a decentralized model for financial transactions disintermediat...
extendskaal:claim:2998033-025 Blockchain increases competitive pressure in the private investment fund industry because its decentralized mo...
restated_bykaal:claim:3002908-023 Private investment funds that are first movers in implementing blockchain infrastructure in finance directly c...
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