kaal:claim:4021599-003

The core distinguishing features of blockchain technology are only generically definitional: they characterize the technology as a class but supply no specific definitions usable for classification.

The core distinguishing features of blockchain technology help define the technology generically but provide no specific definitions. For example, the technology's distributed consensus

Wulf A. Kaal, Securities Versus Utility Tokens (2022), I. Introduction, p. 3
https://ssrn.com/abstract=4021599 · source PDF

Wulf A. Kaal, Securities Versus Utility Tokens (2022). SSRN: https://ssrn.com/abstract=4021599

failuresupport: arguedfailure: generic-features-no-specific-definitionfamily: definitional-ambiguityblockchainsystemic-risk

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