Qualification: Blockchain in financial intermediation and beyond: institutional barriers, welfare gains, and a pathway to diffusion
Blockchain in financial intermediation and beyond: institutional barriers, welfare gains, and a pathway to diffusion should be assessed against Kaal's source-bound position that There is great regulatory uncertainty around blockchain and smart contracts, especially in financial services, and legal frameworks globally will have to change to adapt to the growing use of the technology. The external source's verified abstract presents this proposition: Abstract Blockchain-enabled instruments have gradually filtered into financial intermediation, disrupting traditional institutions. The defensible response is a qualification: the source is pertinent to the Kaal position, but agreement, extension, contradiction, and scope should not be strengthened beyond the retrieved evidence.
law-and-legal-systemssmart-contractshistorical-responsescholarly-literature