kaal:position:2026-07-31-6506
Decentralization and Disintermediation in Blockchain-based Marketplaces presents the following source proposition: In such centralized marketplaces, trusted intermediaries often provide various services to traders, such as managing market information, processing payments, and providing arbitration services when a dispute arises. 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.
decentralizationdefieconomicshistorical-responsescholarly-literatureopenalex