{
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 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/market-decentralization",
 "identifier": "kaal:entity:market-decentralization",
 "name": "Market decentralization",
 "termCode": "market-decentralization",
 "inDefinedTermSet": {
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 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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   "value": [
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    "2021"
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3808852-020",
   "identifier": "kaal:claim:3808852-020",
   "text": "Markets whose trades do not depend on physical location evolved without centralized coordination, as shown by the foreign exchange market, which developed decentralized because currency trading required no physical location.",
   "abstract": "For example, the foreign exchange (FX) market evolved without centralized coordination because currency trading did not require a physical location.",
   "citation": "Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852",
   "datePublished": "2021",
   "claim_type": "condition",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "holds where physical location is not determinative for the trade"
   ],
   "source_pdf_sha256": "31e91158fdeefebc2f0be54ebf89751f7cdd4c89ecea932888f5ba9be6b1caba",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3808852-021",
   "identifier": "kaal:claim:3808852-021",
   "text": "The digitization of content is the most lasting contribution to market decentralization, because the physical location of assets matters less as content is digitized and virtual products emerge, so markets are becoming increasingly decentralized.",
   "abstract": "The physical location of assets becomes less important when more content is digitized and online and virtual products emerge. As a result, markets are becoming increasingly decentralized.",
   "citation": "Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852",
   "datePublished": "2021",
   "claim_type": "mechanism",
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3808852-023",
   "identifier": "kaal:claim:3808852-023",
   "text": "Decentralized cryptocurrency exchanges epitomize market decentralization because they let users interact and trade anonymously in a secure environment without third party intermediation.",
   "abstract": "DEX epitomize market decentralization because they allow users to interact and trade anonymously in a secure environment without the need for third party intermediation.",
   "citation": "Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852",
   "datePublished": "2021",
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 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'market-decentralization'. Derived node: a roster, not an adjudicated definition."
}