# kaal:claim:3409548-024

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Source quote.**

> 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, page 21

**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, economics, decentralization, reputation

**Keywords.** blockchain, transaction-costs, disintermediation, trust, obsolescence

**Related claims.**

- extends: https://wulfkaal.github.io/claims/2998033-023

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