# kaal:claim:3409548-039

**Claim.** The structural characteristic of blockchain as a decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure, so funds implementing it are spearheading radical change in financial markets rather than merely adopting a tool.

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

**Holds when.**

- funds implementing decentralized financial infrastructure

**Source quote.**

> First and foremost, the structural characteristic of blockchain as a decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure.

**From.** Kaal, *Financial Technology and Hedge Funds* (2019), III.6 Competitive Pressure, page 32

**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.** decentralization, blockchain

**Keywords.** first-movers, disintermediation, blockchain, financial-infrastructure

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2998097-039
- extends: https://wulfkaal.github.io/claims/2998033-025
- restates: https://wulfkaal.github.io/claims/3002908-023

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