Smart contracting cannot ensure the flexibility in interpreting intent that human interaction requires, because smart contract code does not follow the same logic on similar terms as natural human language.
Source quote, verbatim
Human interaction requires flexibility in interpreting intent that cannot be ensured by smart contracting because smart contract code does not follow the same logic on similar terms as natural human language.
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
restated_bykaal:claim:3406323-032 Smart contracts fail to accommodate human business interaction because code does not follow the same logic on ...
extended_bykaal:claim:3441904-031 The cost of translating coded contractual intent into natural language has the potential to become overwhelmin...
restated_bykaal:claim:3411897-032 Human business interactions require a flexibility that is at odds with the merciless mathematical logic of sma...
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