# Innovation cycles

`kaal:entity:innovation-cycles`

**Status.** derived

This node is assembled mechanically from the 5 claims that carry the concept tag `innovation-cycles`. 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

5 claims across 3 works, 2016 to 2017.

**2016**

- [2831040-013](https://wulfkaal.github.io/claims/2831040-013) [mechanism/argued] -- The faster the cycle of disruptive innovation, the shorter the timeline for society to adapt and respond with a familiar pattern of laws, regulation, and frameworks, which gives disruptive exponential innovation a potentially destabilizing effect on society.
  > The faster the cycle of disruptive innovation, the shorter the timeline for society to adapt and respond to such innovation with a familiar pattern of laws, regulation and frameworks.
  Wulf A. Kaal, Dynamic Regulation for Innovation (2016). SSRN: https://ssrn.com/abstract=2831040

**2017**

- [2834531-006](https://wulfkaal.github.io/claims/2834531-006) [failure/argued] *(failure mode)* -- The speed of product innovation allows a new product to reach the market while formal rulemaking, which takes months and often years of procedure, is still occupied with the previous product launch.
  > The speed of product innovation makes it possible to bring a new product to market while formal rulemaking in the existing regulatory infrastructure, taking months and often years of regulatory procedure, is still dealing with the last product launch.
  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
- [2834531-019](https://wulfkaal.github.io/claims/2834531-019) [condition/argued] -- A fact based approach to regulation worked relatively well only under a specific historical condition: innovation cycles were long and disruption unfolded over decades, giving regulators time to get their facts in order before intervening.
  > In spite of these problems, a fact–based approach to regulation may have worked relatively well in the past when innovation cycles were longer and the pace of disruptive innovation occurred over decades.
  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
- [2834531-020](https://wulfkaal.github.io/claims/2834531-020) [empirical/evidenced] -- The automobile illustrates how long the old disruption lag was: Benz's engine did not displace the horse and carriage industry, and mainstream adoption came only in 1908 when Ford began mass producing the Model T, decades after the 1879 patent.
  > However, Benz's engine did not disrupt the horse and carriage industry or bring the automobile into the mainstream of everyday life. This only occurred much later, in 1908, when Henry Ford started to mass produce the Model T.
  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
- [2939127-035](https://wulfkaal.github.io/claims/2939127-035) [failure/argued] *(failure mode)* -- The traditional legal tool kit worked adequately when innovation cycles were long, but where innovation is exponential it is regularly out of touch with the radically different needs of a decentralized world and often produces disastrous outcomes.
  > This approach might have worked adequately when innovation cycles were longer, but in a world where innovations occur exponentially, the traditional legal tool kit is regularly out of touch with the radically different needs of a decentralized world.
  Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127

## 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/innovation-cycles.md | sha256sum

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