kaal:position:2026-07-31-5722

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.

• The response remains limited to the source proposition and evidence retrieved in this reconciliation cycle.
• External evidence level: abstract indexed.
• Mapping review tier: legacy curated mapping review.
• Mapping confidence is intentionally unscored.
• The source-to-claim mapping remains explicitly ambiguous and is published with that limitation.

Blockchain in financial intermediation and beyond: institutional barriers, welfare gains, and a pathway to diffusion

kaal:claim:3227933-024
Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933
Source PDF sha256: a9e9660c4dc25a2202f1da4e762f5885256e05f68c53ca51942f5833a7a4c108

Evidence: abstract indexed
Review tier: legacy curated mapping review
Mapping confidence: unscored
Mapping ambiguous: true

law-and-legal-systemssmart-contractshistorical-responsescholarly-literature

Affirmed in kaal-review:2026-07-31:legacy-reconciliation-0001 on 2026-07-31. Review record.

Canonical markdown sha256: f7ef28ea1f771a7c5c6214fc33b72980af1211a8dc910394d0036bba440c5158
curl -s https://wulfkaal.github.io/positions/2026-07-31-5722.md | sha256sum