# kaal:claim:3071378-008

**Claim.** The lack of maturity of blockchain technology has slowed its integration into the corporate world, and the absence of a legal framework leaves the whole industry operating in a grey area of the law, which introduces uncertainty and a new level of volatility.

**Type.** failure  **Support.** argued

**Holds when.**

- before Congress adopts a policy on the treatment of blockchain services

**Source quote.**

> The lack of maturity has slowed the progression of integration into the corporate world. There is still a lack of legal framework for the industry to work with, which causes uncertainty. Without knowing which laws apply, the whole industry is operating in a grey area of the law.

**From.** Wulf A. Kaal, *Blockchain Technology and Race in Corporate America* (2017), II.2 Limitations, page 14

**Cite as.** Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378

**Verify.** sha256 of source PDF `125f01674d13b6bb0310c4be7a20ff538dccbc36ecf352770b3c580028387edd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Technology%20and%20Race%20in%20Corporate%20America.pdf

**Failure mode.** regulatory-grey-area-uncertainty  (family: innovation-chilling)

**Topics.** law-and-legal-systems

**Keywords.** regulatory-uncertainty, legal-framework, adoption-barriers, grey-area, volatility

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2998033-008

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