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 "identifier": "kaal:entity:decentralized-banking",
 "name": "Decentralized banking",
 "termCode": "decentralized-banking",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3406323-028",
   "identifier": "kaal:claim:3406323-028",
   "text": "Democratized banking is more responsive to regulation than centralized structures because ideas at the edge have greater opportunity to affect policy, unlike the existing global hierarchy in which a single group in Basel provides the dominant voice.",
   "abstract": "democratized banking is more responsive to regulation because ideas at the edge have a greater opportunity for affecting policy than centralized structures such as the existing global hierarchy which leads to a single group in Basel, Switzerland providing the dominant voice.",
   "citation": "Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323",
   "datePublished": "2019",
   "claim_type": "design",
   "confidence": "argued",
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   "scope_conditions": [
    "decentralized banking and underwriting with well designed governance"
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3406323-029",
   "identifier": "kaal:claim:3406323-029",
   "text": "Decentralized banking substitutes blockchain transparency, a permanently uneditable record, and equal access for the governmental fiat that traditionally created public confidence, building slowly toward the higher confidence equilibrium that raises economic efficiency.",
   "abstract": "Decentralized banking uses blockchain technology's property of complete transparency, a permanently uneditable record, and equal access to all, in order to provide a continually auditable system to slowly and stably build toward this higher equilibrium of public confidence.",
   "citation": "Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323",
   "datePublished": "2019",
   "claim_type": "mechanism",
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   "@id": "https://wulfkaal.github.io/claims/3782216-004",
   "identifier": "kaal:claim:3782216-004",
   "text": "Decentralized banking addresses blockchain scaling, because the linear structure of a blockchain means that doubling the number of participants and transactions halves its speed.",
   "abstract": "Decentralized banking helps solve a major problem with blockchains called scaling. If you double the number of participants and transactions, the linear nature of the blockchain makes it slow down by half.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216",
   "datePublished": "2021",
   "claim_type": "mechanism",
   "confidence": "argued",
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  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782216-007",
   "identifier": "kaal:claim:3782216-007",
   "text": "The application that decentralized banking improves most is not currency tokens but reputation tokens, because reputation transactions such as voting and resolving validation pools are generated by every meaningful action.",
   "abstract": "The application that banking most improves, however, is not currency tokens, but reputation tokens. Reputation transactions include voting, resolving a validation pool and distributing the results",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216",
   "datePublished": "2021",
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 "description": "4 claims in the published works of Wulf A. Kaal carry the concept tag 'decentralized-banking'. Derived node: a roster, not an adjudicated definition."
}