# kaal:claim:3409548-035

**Claim.** Recording every fund transaction together with its associated documentation on a blockchain cuts the significant costs of human oversight in recording, organizing and maintaining investment fund data and records.

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

**Holds when.**

- fund back office and recordkeeping functions

**Source quote.**

> blockchain technology reduces the otherwise significant costs associated with human oversight in recording, organizing, and maintaining investment fund data and records.

**From.** Kaal, *Financial Technology and Hedge Funds* (2019), III.5 Administrative Process & Compliance, page 31

**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.** compliance, blockchain

**Keywords.** back-office, compliance, cost-reduction, blockchain, recordkeeping

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2959730-034

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.