# kaal:claim:3411110-037

**Claim.** Development of blockchain based processes will take several years if not decades, so the most likely outcome is that legacy and blockchain based issuance, trading, and settlement systems coexist side by side for the foreseeable future.

**Type.** predictive  **Support.** argued

**Holds when.**

- transition period for securities market infrastructure

**Source quote.**

> will take several years if not decades, and so the most likely circumstance is that legacy and blockchain-based securities issuance, trading, settlement, and related systems and processes will have to co-exist side-by-side for the foreseeable future.

**From.** Wulf A. Kaal, Samuel Evans, *Blockchain-Based Securities Offerings* (2019), VI. Conclusion and Outlook, page 30

**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.** institutional-design

**Keywords.** transition, legacy-systems, coexistence, adoption-timeline

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