kaal:claim:3411110-001

Existing ledger structures for securities offerings are defective: because individual firms rely on batch processing, the model generates dependencies, multi-day settlement times, distinctive operational risks, and duplicative costs.

Source quote, verbatim
ledger structures applicable to securities offerings are subject to significant shortcomings: While for individual firms, batch-processing is the norm, this model creates numerous dependencies, multi-day settlement times, unique operational risks, and duplicative costs.
From

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), I. Introduction, p. 5
https://ssrn.com/abstract=3411110 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

Holds when
Classification

failuresupport: assertedfailure: batch-processing ledger fragmentationfamily: liquidity-and-market-structure-failurerisk-and-incentiveseconomics

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