{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3808859-029",
 "identifier": "kaal:claim:3808859-029",
 "text": "DeFi's disruptive potential may be blunted by incumbents: existing financial institutions can adopt decentralized technologies inside a controlled environment, capturing benefits such as transparency and interoperability while preserving centralized oversight.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021). SSRN: https://ssrn.com/abstract=3808859",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Decentralization – Why We Need Technology Infrastructure Upgrades",
  "datePublished": "2021",
  "url": "https://ssrn.com/abstract=3808859",
  "sha256": "304ad25d43b5ecea3158e3a2ca04e6e1e3bd2958e2134e2dcefbfedf3b6f3ab7",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Decentralization%20%E2%80%93%20Why%20We%20Need%20Technology%20Infrastructure%20Upgrades.pdf"
 },
 "keywords": [
  "defi",
  "regulatory-failure"
 ],
 "about": [
  "defi",
  "incumbent-capture",
  "permissioned-systems",
  "financial-regulation"
 ],
 "abstract": "The disruption through DeFi may be mitigated by existing financial institutions' attempts to leverage decentralized technologies in a controlled environment that allows the utilization of its benefits, such as transparency and interoperability, while also facilitating centralized oversight.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "predictive"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": []
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/416b1d896f3f9ccec8ffc3707be1d299187469805a99665d763621c362a8d360.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "416b1d896f3f9ccec8ffc3707be1d299187469805a99665d763621c362a8d360",
 "canonicalForm": "https://wulfkaal.github.io/claims/3808859-029.md"
}