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.

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

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

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

• multiple firms trading the same security
• legacy multi ledger systems

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

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