kaal:claim:3411110-012

Transfer agents become unnecessary in blockchain based trading models because every function they perform, including maintaining the holding record, can be automated in code and is already produced by the ledger's design.

Source quote, verbatim

In blockchain- based trading models, transfer agents will not be needed because every task they preform can be automated through coding.

From

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), III.1 Cost Reduction, p. 15
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

fully blockchain based trading and settlement models

Classification

mechanismsupport: arguedai-and-agentsdecentralizationeconomics

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