# kaal:claim:3002908-025

**Claim.** The market for private investment funds that invest in and utilize blockchain technology is close to equally divided between the United States and the European Union, with Russia and China playing significant roles.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- based on the article's hand coded dataset of 120 private investment fund advisers using blockchain technology

**Source quote.**

> The data analysis in this article suggests that the market for private investment funds who invest in- and utilize blockchain technology appears to be near equally divided between the US and the EU with Russia and China playing a significant role.

**From.** Wulf A. Kaal, Marco Dell'Erba, *Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and* (2017), VI. Discussion, page 35

**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.** institutional-design

**Keywords.** comparative-analysis, united-states, european-union, fund-data

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