# Cost benefit

`kaal:entity:cost-benefit`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `cost-benefit`. 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, 2019 to 2025.

**2019**

- [3411110-031](https://wulfkaal.github.io/claims/3411110-031) [empirical/evidenced] -- Vermont's prudent approach is well founded on its own analysis: the state concluded that at present the costs and challenges of using blockchain for public recordkeeping outweigh the identifiable benefits, while the first mover advantage remains difficult to quantify.
  > at present, the costs and challenges associated with the use of blockchain technology for Vermont's public recordkeeping outweigh the identifiable benefits.
  Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

**2025**

- [5583610-040](https://wulfkaal.github.io/claims/5583610-040) [predictive/argued] -- On the author's numbers, initial LER costs of $5 to $10 million are outweighed by reduced activism volatility and tokenized market capture, giving a return on investment often exceeding two hundred percent over five years.
  > Quantitatively, while initial costs may reach $5–10 million, the projected savings from reduced activism volatility (15–25% net gains in market stability) and market capture in a $2 trillion tokenized ecosystem provide a favorable return on investment
  Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025). SSRN: https://ssrn.com/abstract=5583610

## 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/cost-benefit.md | sha256sum

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