# Emerging technology

`kaal:entity:emerging-technology`

**Status.** derived

This node is assembled mechanically from the 4 claims that carry the concept tag `emerging-technology`. 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

4 claims across 3 works, 2017 to 2019.

**2017**

- [2834531-011](https://wulfkaal.github.io/claims/2834531-011) [failure/argued] *(failure mode)* -- Establishing the facts about a new technology is often impossible in practice because there is no adequate sample or other reliable data on the effects of that technology yet.
  > The task of establishing facts about new technology may be made difficult by the lack of an adequate sample or other reliable data on the effects of new technology.
  Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017). SSRN: https://ssrn.com/abstract=2834531

**2019**

- [3405401-001](https://wulfkaal.github.io/claims/3405401-001) [definitional/asserted] -- Decentralized commerce is the global exchange of financial instruments, goods and services conducted through decentralized and emerging technologies, a stipulated definition the paper relies on throughout.
  > Decentralized commerce may generically be defined as the global exchange of financial instruments, goods and services via decentralized and emerging technologies.
  Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401
- [3409548-001](https://wulfkaal.github.io/claims/3409548-001) [mechanism/argued] -- Hedge fund managers adopt emerging technology because it converts into a fee premium: technology driven outperformance makes them more competitive than other funds and financial institutions, which in turn lets them charge higher fees.
  > Being more competitive through technology and creating higher returns for their clients, in turn, allows them to charge higher fees than traditional financial institutions.
  Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548
- [3409548-002](https://wulfkaal.github.io/claims/3409548-002) [condition/argued] -- The traditional 2 and 20 fee model has become increasingly difficult to justify, and embracing modern financial products is what allows managers to produce returns that still support that model.
  > In recent years, it became increasingly more difficult to justify the 2 and 20 fee model.4 Embracing modern financial products allows them to produce returns that can still justify that fee model.
  Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

## 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/emerging-technology.md | sha256sum

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