kaal:claim:3406323-012

Decentralized technologies increase consumer and market trust at unprecedented scale, which lowers transaction costs and raises confidence and certainty, thereby facilitating economies of scale that centralized structures may not be able to achieve.

Trust can help lower transaction costs but it also increases consumer and overall market confidence and certainty, which facilitate economies of scale that may not be possible in centralized structures.

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), IV. Opportunities, p. 9
https://ssrn.com/abstract=3406323 · source PDF

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

• technology enabled decentralized commerce

mechanismsupport: arguedreputationeconomicsdecentralization

• restated_by kaal:claim:3808867-033 Code based trust lowers transaction costs and simultaneously raises consumer and market confidence and certain...
• restated_by kaal:claim:3782201-007 Code based trust in decentralized applications lowers transaction costs and simultaneously raises consumer and...
• extends kaal:claim:2998033-001 Blockchain technology lowers transaction costs by eliminating intermediaries, and it substitutes immutability ...

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