{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3396522-007",
 "identifier": "kaal:claim:3396522-007",
 "text": "JPM Coin's closed structure, restricting the token to existing J.P. Morgan clients, is an anachronism, because closed ecosystems are unsustainable in emerging decentralized commerce.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "citation": "Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Stable Cryptocurrencies",
  "datePublished": "2019",
  "url": "https://ssrn.com/abstract=3396522",
  "sha256": "ef5031b16aa53476ed618f0bdf92601cd4affb893692c701134bd9cba3ea8acf",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Stable%20Cryptocurrencies.pdf"
 },
 "keywords": [
  "tokenomics",
  "decentralization"
 ],
 "about": [
  "jpm-coin",
  "closed-ecosystems",
  "decentralized-commerce",
  "stablecoins",
  "interoperability"
 ],
 "abstract": "The close structure of the JPM coin, e.g. JPM makes it only available to existing clients, appears to be an anachronism.95 Closed ecosystems are unsustainable in the emerging decentralized commerce.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "asserted"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "applies to permissioned stable cryptocurrencies limited to a single institution's clients"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/79197695d1c6044c8d7badd89195878a161e1cf09fa1f7faca51db69dc807e03.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "79197695d1c6044c8d7badd89195878a161e1cf09fa1f7faca51db69dc807e03",
 "canonicalForm": "https://wulfkaal.github.io/claims/3396522-007.md"
}