# kaal:claim:3782216-019

**Claim.** Decentralization empowers knowledge at the edge: individuals with fine grained information about their neighbors and community can make better underwriting decisions than a centralized hierarchy can.

**Type.** mechanism  **Support.** argued

**Source quote.**

> Decentralization empowers knowledge at the edge. Individ- uals with more fine-grained information about their neighbors and community can make better underwriting decisions than a centralized hierarchy can.

**From.** Craig Calcaterra, Wulf A. Kaal, *Decentralized Finance (DeFi)* (2021), Decentralized architecture

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216

**Verify.** sha256 of source PDF `f1739743aa06bbc1641cd65da790d531b69d8628ea3f5cc3fcad1bf5a1242373` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Decentralized%20Finance%20%28DeFi%29.pdf

**Topics.** decentralization, citation-and-knowledge, defi, economics

**Keywords.** decentralization, local-knowledge, underwriting, market-efficiency

**Related claims.**

- generalizes: https://wulfkaal.github.io/claims/3995709-026

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