Initial Coin Offerings (ICOs) are the most efficient means of financing entrepreneurial initiatives in the history of capital formation. ICOs minimizing transaction cost, democratizing finance, and in the process dis-intermediate banks. Yet, ICOs have increasingly involved cases of abuse, lacking quality, and governance concerns, precipitating calls for increased regulation. This article provides an overview of the ICO market as it exists in November 2017 including the ICO process, roadmap, market conditions, crypto economics for ICO startups, core risk factors for investors and red flags of ICO practices that require industry or regulatory improvements.Read more "Initial Coin Offerings – Emerging Practices, Risk Factors, and Red Flags"
Because of popular demand, here is the presentation from the First Annual Toronto FinTech Conference. First Annual Toronto FinTech Conference – Kaal – Blockchain Solutions for Governance via Repute Platform Deck – Version 2Read more "First Annual Toronto FinTech Conference"
Blockchain technology provides anonymous and secure transactional guarantees through democratized trust and disintermediation. Minorities and disenfranchised communities can benefit from the evolving technology and its anti-discrimination features. The article evaluates how blockchain technology helps minimize discriminatory practices in corporate America and creates a more equal society.Read more "Blockchain Technology and Race in Corporate America"
Wulf A. Kaal University of St. Thomas, Minnesota – School of Law Marco Dell’Erba University of Groningen; Sorbonne Law School; University of Rome, Tor Vergata Date Written: July 14, 2017 Abstract The use of blockchain technology in private investment funds is proliferating. Using a dataset of private investment fund advisers that utilize blockchain technology (N=120), […]Read more "Blockchain Innovation in Private Investment Funds – A Comparative Analysis of the United States and Europe"
Abstract Blockchain technology innovation is proliferating in the private investment fund industry. Using a hand-selected dataset of private investment fund advisers that utilize blockchain technology in various functions (N=120), this article shows that the private fund advisers who utilize blockchain technology are able to generate significant benefits for their clients. The data analysis suggests […]Read more "Blockchain Innovation for Private Investment Funds"
Full paper with data analysis available here. Abstract Blockchain technology innovation is proliferating in the hedge fund industry. Blockchain technology plays a primary role in front office and investment functions, in the securing of crypto assets, but also in private investment fund managers’ attempts to satisfy the growth expectations of clients. Although the use of […]Read more "Blockchain Innovation for the Hedge Fund Industry"
By Wulf A. Kaal & Craig Calcaterra Abstract The rapid evolution of anonymous, autonomous, and distributed blockchain-based smart contracting creates friction and enforceability issues with existing legal and jurisdictional principles, calling the future governance of blockchain technology into question. The effective governance of blockchain technology and smart contracting is essential to ensuring its continuing […]Read more "Crypto Transaction Dispute Resolution (54 Pages)"