# kaal:claim:2998097-039

**Claim.** 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.

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

**Holds when.**

- private investment funds adopting blockchain infrastructure

**Source quote.**

> First and foremost, the structural characteristic of blockchain as a decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure. Private investment

**From.** Wulf A. Kaal, *Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016* (2017), VI. Blockchain Technology Applications for Private Investment Funds, page 48

**Cite as.** Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097

**Verify.** sha256 of source PDF `0955054f49c7011d33c285579bb046e6b284e42755b10fd2546a728c202669d5` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Private%20Investment%20Fund%20Regulation%20-%20Theory%20and%20Empirical%20Evidence%20from%201998%20to%202016.pdf

**Topics.** blockchain, decentralization

**Keywords.** blockchain, disintermediation, financial-infrastructure, first-movers

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3409548-039
- extends: https://wulfkaal.github.io/claims/2998033-025
- restated_by: https://wulfkaal.github.io/claims/3002908-023

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