kaal:claim:3409548-024

Because blockchain is transparent, verifiable, self-authenticating and self-enforcing, transactions can settle instantaneously at near zero cost, and it is this combination plus technology-driven democratized trust that drove the financial industry's large blockchain investments out of fear of obsolescence.

Source quote, verbatim

Blockchain technology is transparent, verifiable, self- authenticating, and self-enforcing, financial transactions can be executed instantaneously at near zero transaction costs, increasing the efficiency for business and individuals exponentially.

From

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

Cite as

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

Classification

mechanismsupport: arguedblockchaineconomicsdecentralizationreputation

Related claims

extends kaal:claim:2998033-023 Because blockchain is transparent, verifiable, self authenticating and self enforcing, financial transactions ...

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