# kaal:claim:3411110-011

**Claim.** Blockchain removes the class of costs generated by human error in record keeping, because it eliminates the possibility that transactions are misreported in ways that cause irreparable harm.

**Type.** mechanism  **Support.** asserted

**Holds when.**

- record keeping for securities issuance and transfer

**Source quote.**

> Blockchain technology allows corporations to eliminate costs associated with human errors in record keeping. Blockchain eliminates the possibility of transactions being misreported due to human error that can cause irreparable harm.

**From.** Wulf A. Kaal, Samuel Evans, *Blockchain-Based Securities Offerings* (2019), III.1 Cost Reduction, page 13

**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.** corporate-governance

**Keywords.** record-keeping, human-error, agency-costs, cost-reduction

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