# kaal:claim:3411110-004

**Claim.** Legal certainty is a necessary condition for the maturation of blockchain securities trading; the technology alone will not carry it there.

**Type.** condition  **Support.** asserted

**Holds when.**

- United States regulatory environment

**Source quote.**

> Only by creating more legal certainty will blockchain security trading reach maturity.

**From.** Wulf A. Kaal, Samuel Evans, *Blockchain-Based Securities Offerings* (2019), II. Overstock Blockchain Securities Offering, page 6

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

**Verify.** sha256 of source PDF `c7626eeb7642045b79f8745df1f7232a8fe8bc44a1f7e87b592850e35b392b50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Evans%20-%202019%20-%20Blockchain-Based%20Securities%20Offerings.pdf

**Topics.** law-and-legal-systems, economics, securities-law

**Keywords.** legal-certainty, regulatory-uncertainty, market-maturity, digital-securities

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