Because transacting parties judge transaction parameters and products on quality perceptions rather than on less rational and biased factors, quality becomes the true deciding factor in the marketplace, which eliminates prejudices.
Source quote, verbatim
transaction parameters or products are judged by the transacting parties based on quality perceptions not based-on other less rational and biased factors. This allows quality of the transaction and/or final product to be the true deciding factor in the market place, eliminating prejudices.
From
Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017), IV.1 Blockchain-Enabled Trust as Anti-Discrimination, p. 21 https://ssrn.com/abstract=3071378 · source PDF
Cite as
Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378
Holds when
blockchain-enabled marketplaces where counterparty identity is not salient
Classification
mechanismsupport: arguedeconomics
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