kaal:claim:3405401-007

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.

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.

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

Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401

mechanismsupport: assertedsmart-contractslaw-and-legal-systemseconomics

• contested_by kaal:claim:5554218-022 Automating smart contracts under the code is law paradigm incentivizes unethical behavior by enabling anonymou...
• extended_by kaal:claim:3406323-030 Smart contracts enable anonymous parties to engage in decentralized commerce because automated contracting sel...
• contested_by kaal: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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