# kaal:claim:3002908-024

**Claim.** Larger fund managers will adopt blockchain only once the long term benefits exceed implementation cost, and because that cost is much larger for them than for the smaller managers now experimenting, the threshold is higher for larger managers.

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

**Holds when.**

- assumes larger managers observe smaller competitors gaining operational efficiencies, cost savings, and portfolio diversification

**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, Marco Dell'Erba, *Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and* (2017), IV. Private Investment Funds Use of Blockchain Technology, page 22

**Cite as.** Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017). SSRN: https://ssrn.com/abstract=3002908

**Verify.** sha256 of source PDF `06a7b61e75f905ee07e422e875d83a65c5033a248a6e05a213523b034e5db534` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Dell%27Erba%20-%202017%20-%20Blockchain%20Innovation%20in%20Private%20Investment%20Funds%20-%20A%20Comparative%20Analysis%20of%20the%20United%20States%20and.pdf

**Topics.** innovation

**Keywords.** adoption-threshold, implementation-cost, fund-size, technology-adoption

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3409548-038
- restates: https://wulfkaal.github.io/claims/2998033-026
- extends: https://wulfkaal.github.io/claims/2959730-027
- supersedes: https://wulfkaal.github.io/claims/2959730-028

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