{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3411110-014",
 "identifier": "kaal:claim:3411110-014",
 "text": "Any settlement completed in less than ten seconds removes counterparty risk and with it systemic risk entirely, which makes settlement speed, not disclosure, the operative variable for systemic risk.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Blockchain-Based Securities Offerings",
  "datePublished": "2019",
  "url": "https://ssrn.com/abstract=3411110",
  "sha256": "c7626eeb7642045b79f8745df1f7232a8fe8bc44a1f7e87b592850e35b392b50",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Evans%20-%202019%20-%20Blockchain-Based%20Securities%20Offerings.pdf"
 },
 "keywords": [
  "systemic-risk",
  "risk-and-incentives"
 ],
 "about": [
  "settlement-finality",
  "systemic-risk",
  "counterparty-risk",
  "t-zero"
 ],
 "abstract": "Most importantly, any settlement that takes less than 10 seconds, if ever achieved in any setting, removes counterparty risk and with it systemic risk entirely.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "condition"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "settlement finality achieved in under ten seconds",
    "if such speed is ever achieved in any setting"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/7e2d992323ed1d6dd4bade17b8b47d43b4bd7f47115e6d724901823798b5f677.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "extends",
     "to": "https://wulfkaal.github.io/claims/3396522-039",
     "to_id": "kaal:claim:3396522-039",
     "similarity": 0.323
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "7e2d992323ed1d6dd4bade17b8b47d43b4bd7f47115e6d724901823798b5f677",
 "canonicalForm": "https://wulfkaal.github.io/claims/3411110-014.md"
}