kaal:position:2026-07-31-6254
Banking and Finance presents the following source proposition: Blockchain in the banking and finance industry makes it easy for remote, untrusted parties to build consensus on the state of a database, without the intervention of gatekeepers. This proposition is pertinent to Kaal's source-bound claim that Because blockchain is transparent, verifiable, self-authenticating and self-enforcing, transactions can settle instantaneously at near zero cost, and it is this combination plus technology-driven democratized trust that drove the financial industry's large blockchain investments out of fear of obsolescence. 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.
blockchaineconomicsdecentralizationreputationhistorical-responsescholarly-literatureopenalex