# Clearing

`kaal:entity:clearing`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `clearing`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 2 works, 2017 to 2019.

**2017**

- [3002908-015](https://wulfkaal.github.io/claims/3002908-015) [mechanism/argued] -- Distributed networks disintermediate: because validation is distributed, a centralized validating entity such as a central bank or clearing house is not necessary to record and validate transactions.
  > Distributed networks disintermediate. The intermediation of a centralized validation entity (a central bank or a clearing-house) in charge of recording and validating the transactions is not necessary in a decentralized network.
  Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017). SSRN: https://ssrn.com/abstract=3002908

**2019**

- [3411110-017](https://wulfkaal.github.io/claims/3411110-017) [empirical/evidenced] -- The net and compress model used by post trade service providers exists because not every trade must be processed; on some estimates, processing every trade would require an additional 2.9 million orders per day.
  > According to some estimates, if every trade needs to be processed, providers would need to process an additional 2.9 million orders a day.
  Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/clearing.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.