# kaal:claim:3411897-029

**Claim.** Decentralized underwriting is a necessary precondition for decentralized commerce: without something functioning as an insurance policy when commercial risks materialize, the public has no reason to pursue the benefits of decentralized commerce.

**Type.** condition  **Support.** argued

**Holds when.**

- applies to any iteration of future decentralized technology solutions

**Source quote.**

> Without someone or something that functions as an insurance policy should risks in commerce materialize, the public has no reason to try to benefit from the potential benefits of decentralized commerce,

**From.** Wulf A. Kaal, *Decentralization - Past, Present, and Future* (2019), Part 3 / Unleashing the Power of Decentralization, page 36

**Cite as.** Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897

**Verify.** sha256 of source PDF `82f0aea026b3e3a526ec51bc073b3b864dc06cd9083ff9c54c550037045edaa9` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralization%20-%20Past%2C%20Present%2C%20and%20Future.pdf

**Topics.** decentralization, defi

**Keywords.** decentralized-underwriting, insurance, necessary-conditions, decentralized-commerce

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3406323-025

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