# kaal:claim:3409548-011

**Claim.** Blockchain adoption by private investment funds followed a staged path: minimal use from 2000 to 2012, then experimentation through separate new fund entities beginning in 2012, and from 2015 the creation of blockchain substructures inside existing funds.

**Type.** empirical  **Support.** asserted

**Holds when.**

- private investment fund industry, 2000 to 2015

**Source quote.**

> They began to experiment with the technology by setting up separate and new fund entities that utilized the technology in various forms. In 2015, however, existing funds also started to create substructures that utilized blockchain technology.

**From.** Kaal, *Financial Technology and Hedge Funds* (2019), II.3 Blockchain Technology, page 13

**Cite as.** Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

**Verify.** sha256 of source PDF `74227ab2656b06bfe4a29c942fc2ba26df9f476917e0a9f85ec038b8c3402c40` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Financial%20Technology%20and%20Hedge%20Funds.pdf

**Topics.** blockchain

**Keywords.** blockchain, adoption-timeline, private-investment-funds, fund-structure

**Related claims.**

- extends: https://wulfkaal.github.io/claims/2998033-036
- extends: https://wulfkaal.github.io/claims/3002908-019

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