kaal:claim:3411110-002

When multiple firms trade the same securities in legacy systems, each maintains its own ledger, and that duplication is itself the source of increased operational risk and cost.

Source quote, verbatim

Legacy systems in which multiple firms are trading the same securities utilize multiple ledgers which increases operational risks and increases 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

multiple firms trading the same security
legacy multi ledger systems

Classification

mechanismsupport: assertedfailure: multi-ledger duplicationfamily: interoperability-and-fragmentationblockchainrisk-and-incentivessecurities-law

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