kaal:claim:3409548-023

Legacy systems at private investment funds and banks are more expensive, more error prone, and slower than emerging blockchain technologies, a gap illustrated by the $1.7 trillion in processing fees banks charged in 2014.

Most legacy systems at private investment funds and banks are much more expensive than emerging blockchain technologies, are subject to human error, and take much more time. Banks charged $1.7 trillion in processing fees in 2014.

Kaal, Financial Technology and Hedge Funds (2019), III. Impact of Technology on the Hedge Fund Industry, p. 21
https://ssrn.com/abstract=3409548 · source PDF

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

• comparison of bank and fund legacy processing systems with blockchain

empiricalsupport: evidencedblockchaineconomicssystemic-risk

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• Agreement: Blockchain and Smart Contracts for Know Your Customer (KYC)
• Extension: Blockchain in accounting, accountability and assurance: an overview
• Extension: Political and Economic Implications of Blockchain Technology in Business and Healthcare
• Extension: Blockchain in Electronic Voting: A Systematic Review of Security, Scalability, and Emerging Technologies
• Extension: PREDICTIVE ANALYTICS FOR DECISION-MAKING IN DECENTRALIZED SYSTEMS
• Extension: A Blockchain-Driven Cyber-Systemic Approach to Hybrid Reality