Because American funds lean on smart contracting, they have a better opportunity to launch disruptive blockchain implementations, but they may also experience a higher rate of failure from greater exposure to technological risk.
Source quote, verbatim
This may imply that American private investment funds will have a better opportunity to launch future disruptive implementations of blockchain technology, while at the same time they may experience a higher rate of failure, due to a greater exposure to technological risks.
From
Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017), V. Data, p. 35 https://ssrn.com/abstract=3002908 · source PDF
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
Holds when
conditional on American funds continuing to emphasize smart contracting over conservative crypto asset strategies
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