# Implementation risk

`kaal:entity:implementation-risk`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `implementation-risk`. 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

3 claims across 3 works, 2017 to 2025.

**2017**

- [3017612-013](https://wulfkaal.github.io/claims/3017612-013) [failure/asserted] *(failure mode)* -- Voting arrangements are not self executing: their existence does not relieve the corporation of observing the legal formalities of director and shareholder action.
  > Voting arrangements are not self-executing, and the mere existence of a voting arrangement does not mean that the corporation should dispense with the legal formalities of director and shareholder actions.
  Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

**2025**

- [5225296-015](https://wulfkaal.github.io/claims/5225296-015) [failure/argued] *(failure mode)* -- ECDSA introduces a vulnerability into SPoS through its dependence on secure random number generation at key creation, so the authentication guarantee fails when implementation departs from cryptographic best practice.
  > However, ECDSA's reliance on secure random number generation for key creation introduces a potential vulnerability if improperly implemented, necessitating strict adherence to cryptographic best practices
  Wulf A. Kaal, Cryptographic Foundations and Interdisciplinary Dimensions of the Secure Proof of Stake (SPoS) Conse (2025). SSRN: https://ssrn.com/abstract=5225296
- [5454054-037](https://wulfkaal.github.io/claims/5454054-037) [failure/argued] *(failure mode)* -- Regulatory uncertainty, in particular the timeline for SEC approval of the NASDAQ and Dinari tokenization frameworks, could delay LER implementation.
  > Regulatory uncertainties, such as the timeline for SEC approval for NASDAQ and Dinari frameworks could delay LER implementation.
  Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054

## 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/implementation-risk.md | sha256sum

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