# Decentralized underwriting

`kaal:entity:decentralized-underwriting`

**Status.** derived

This node is assembled mechanically from the 6 claims that carry the concept tag `decentralized-underwriting`. 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

6 claims across 4 works, 2019 to 2021.

**2019**

- [3406323-025](https://wulfkaal.github.io/claims/3406323-025) [condition/argued] -- Without something that functions as an insurance policy when commercial risks materialize, the public has no reason to pursue the benefits of decentralized commerce, so decentralized underwriting is of core importance to any future decentralized technology solution.
  > Without someone or something that functions as an insurance policy should risks in commerce materialize, the public has no reason to try to benefit from the potential benefits of decentralized commerce
  Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323
- [3406323-027](https://wulfkaal.github.io/claims/3406323-027) [design/argued] -- Democratized decentralized underwriting is more secure and stable than centralized underwriting because diversifying lenders and underwriters adds liquidity in all states of the economy and silos losses so that there is less cascading during economic crises.
  > it diversifies lenders and underwriters, which adds liquidity in all states of the economy; 2. this diversity silo losses so there is less cascading during economic crises;
  Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323
- [3411897-029](https://wulfkaal.github.io/claims/3411897-029) [condition/argued] -- Decentralized underwriting is a necessary precondition for decentralized commerce: without something functioning as an insurance policy when commercial risks materialize, the public has no reason to pursue the benefits of decentralized commerce.
  > Without someone or something that functions as an insurance policy should risks in commerce materialize, the public has no reason to try to benefit from the potential benefits of decentralized commerce,
  Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897
- [3411897-031](https://wulfkaal.github.io/claims/3411897-031) [failure/argued] *(failure mode)* -- Even if legacy insurers do enter the DApp market, their products may not fit the need, because actuarial methods for risk assessment under traditional insurance metrics are only partially compatible with rapidly evolving decentralized products.
  > Actuarial methods for risk assessment under traditional insurance metrics may be only partially compatible with rapidly evolving decentralized products.
  Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897

**2021**

- [3962614-029](https://wulfkaal.github.io/claims/3962614-029) [condition/argued] -- Reputation as venture capital must be distinguished from the capital replacement enabled in decentralized underwriting, because in venture capital reputation needs to fill the role of capital for each funded venture deal rather than only when a claim is filed.
  > reputation in venture capital needs to fill the role of capital for each funded venture deal.
  Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021). SSRN: https://ssrn.com/abstract=3962614
- [3995709-026](https://wulfkaal.github.io/claims/3995709-026) [mechanism/asserted] -- Decentralized code review underwriting makes the code review market more efficient because it democratizes the functions of code review and frees untapped sources of power and knowledge.
  > Decentralized code review underwriting democratizes the functions of code reviews. This makes the code review market more efficient because it frees untapped sources of power and knowledge.
  Wulf A. Kaal, How DAOs Optimize Open-Source Code Reviews and Create Open-Source Standards (2021). SSRN: https://ssrn.com/abstract=3995709

## 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/decentralized-underwriting.md | sha256sum

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