kaal:position:2026-07-31-6059

Do we still need financial intermediation? The case of decentralized finance – DeFi presents the following source proposition: The aim of this research is to assess the role of intermediation in the light of DeFi, analysing how humans and algorithms will interact. This proposition is pertinent to Kaal's source-bound claim that Centralized financial technology does not complete the disintermediation it promises, because users still deal with a technology company as intermediary instead of a financial institution, which leaves room for the decentralized solutions DeFi attempts to provide. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.

• The response is limited to the retrieved source proposition and mapped Kaal claim unless fuller source review supports a broader conclusion.
• External evidence level: abstract indexed.
• Mapping review tier: moderate-confidence claim review.
• Primary mapping confidence: 0.3869.
• The source-to-claim mapping remains explicitly ambiguous and is published with that limitation.

Do we still need financial intermediation? The case of decentralized finance – DeFi

kaal:claim:3606663-026
Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663
Source PDF sha256: d1d4a15a293b715bb6a5a32e689f59c3a1587915039ba9a1cf4eeb8ee2a1e57c

Evidence: abstract indexed
Review tier: moderate-confidence claim review
Mapping confidence: 0.3869
Mapping ambiguous: true

decentralizationdefieconomicshistorical-responsescholarly-literatureopenalex

Affirmed in kaal-review:2026-07-31:streaming-etl-0003 on 2026-07-31. Review record.

Canonical markdown sha256: eb295d4622eddddaf0b19ea98fb5725c961a32c0a4e27388419236f469f92523
curl -s https://wulfkaal.github.io/positions/2026-07-31-6059.md | sha256sum