# kaal:claim:3227933-039

**Claim.** Decentralized organization has not yet displaced the centralized world: traditional incumbents still enjoy enormous market power, and the success of more decentralized systems still depends on the goodwill of the parties involved.

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

**Holds when.**

- current state, 2018

**Source quote.**

> Traditional incumbents still enjoy enormous market power and the "success" of more decentralized systems and organizations currently still depends on the goodwill of the parties involved.

**From.** Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, *Why 'Blockchain' Will Disrupt Corporate Organizations* (2018), 9. Conclusion, page 19

**Cite as.** Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933

**Verify.** sha256 of source PDF `a9e9660c4dc25a2202f1da4e762f5885256e05f68c53ca51942f5833a7a4c108` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Fenwick%20et%20al.%20-%202018%20-%20Why%20%27Blockchain%27%20Will%20Disrupt%20Corporate%20Organizations.pdf

**Failure mode.** Goodwill dependence of decentralized systems  (family: incumbent-resistance-to-adoption)

**Topics.** decentralization, economics

**Keywords.** decentralization-limits, incumbents, goodwill, market-power

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