The inherent mathematical logic of computerized code in smart contracts can clarify the parties' intent optimally, which increases certainty, creates efficiency, and thereby incentivizes commerce.
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The inherent mathematical logic of computerized code in smart contracts can optimally clarify parties' intent. It also increases certainty and creates unparalleled efficiency which in turn incentivizes commerce.
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Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019), III. Benefits of Smart Contracts, p. 5 https://ssrn.com/abstract=3405401 · source PDF
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Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401
contested_bykaal:claim:5554218-022 Automating smart contracts under the code is law paradigm incentivizes unethical behavior by enabling anonymou...
extended_bykaal:claim:3406323-030 Smart contracts enable anonymous parties to engage in decentralized commerce because automated contracting sel...
contested_bykaal:claim:3782203-022 Despite its alluring simplicity, the Code is Law credo taken as an absolute is not an efficient solution for b...
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