kaal:claim:3405401-009

Despite their benefits, smart contracts are subject to significant limitations because human business interactions require a flexibility that is at odds with the merciless mathematical logic of smart contracts.

Source quote, verbatim

Despite the significant benefits of smart contracting for business and society, smart contracts are subject to significant limitations. Human business interactions require a flexibility that is at odds with merciless mathematical logic of smart contracts.

From

Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019), IV. Downsides of Smart Contracts, p. 5
https://ssrn.com/abstract=3405401 · source PDF

Cite as

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

Holds when

human business interactions rather than fully mechanical exchanges

Classification

failuresupport: arguedfailure: rigidity-of-mathematical-logicfamily: smart-contract-rigiditysmart-contracts

Related claims

restated_by kaal:claim:3411897-032 Human business interactions require a flexibility that is at odds with the merciless mathematical logic of sma...
restates kaal:claim:3266953-014 Smart contracts cannot by themselves carry human business interactions, because those interactions require fle...

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