# Financial infrastructure

`kaal:entity:financial-infrastructure`

**Status.** derived

This node is assembled mechanically from the 4 claims that carry the concept tag `financial-infrastructure`. 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 4 works, 2017 to 2019.

**2017**

- [2998033-025](https://wulfkaal.github.io/claims/2998033-025) [mechanism/argued] -- Blockchain increases competitive pressure in the private investment fund industry because its decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure.
  > the structural characteristic of blockchain as a decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure.
  Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033
- [2998097-039](https://wulfkaal.github.io/claims/2998097-039) [mechanism/argued] -- Blockchain's structural characteristic as a decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure, so private funds that adopt it first directly accelerate that disintermediation.
  > First and foremost, the structural characteristic of blockchain as a decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure. Private investment
  Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097
- [3002908-023](https://wulfkaal.github.io/claims/3002908-023) [mechanism/argued] -- Private investment funds that are first movers in implementing blockchain infrastructure in finance directly contribute to disintermediation and accelerate the evolution of blockchain infrastructure in finance.
  > Private investment funds that are first movers in the implementation of the blockchain infrastructure systems in finance directly contribute to that disintermediation and facilitate the accelerating evolution of the blockchain infrastructure in finance.
  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**

- [3409548-039](https://wulfkaal.github.io/claims/3409548-039) [mechanism/argued] -- The structural characteristic of blockchain as a decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure, so funds implementing it are spearheading radical change in financial markets rather than merely adopting a tool.
  > First and foremost, the structural characteristic of blockchain as a decentralized model for financial transactions disintermediates and disrupts the existing financial infrastructure.
  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/financial-infrastructure.md | sha256sum

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