kaal:claim:3373393-038

Without a decentralized human backstop to code, the immutability of the blockchain and its cryptographic security systems may not be able to create truly transactional guarantees and trust between principals and agents.

Source quote, verbatim

Similarly, without a decentralized human backstop to code, the immutability of the blockchain and its cryptographic security systems may not be able to create truly transactional guarantees and trust between principals and agents in the integrity of their contractual relationship.

From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), IV. Open Issues, p. 25
https://ssrn.com/abstract=3373393 · source PDF

Cite as

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393

Holds when

complex agency relationships

Classification

failuresupport: arguedfailure: backstop-absent-guarantee-failurefamily: smart-contract-rigidityreputationsmart-contracts

Related claims

restated_by kaal:claim:3808873-042 A decentralized human backstop to code is a core and often overlooked infrastructure requirement, because with...

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