kaal:claim:3405401-011

Smart contracts undermine the ability of counterparties to continue collaborating when unanticipated eventualities arise, because in most cases of unfulfilled parameters the smart contract will simply cancel out.

Smart contracts also undermine counterparties' ability to continue collaboration when unanticipated eventualities arise. In most cases of unfulfilled parameters, the smart contract will simply cancel out.

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

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

• unanticipated eventualities arise
• contract parameters go unfulfilled

failuresupport: arguedfailure: cancel-out-on-unanticipated-eventsfamily: smart-contract-rigiditysmart-contracts

• restated_by kaal:claim:3406323-033 Smart contracts undermine the parties' ability to continue collaborating when unanticipated eventualities aris...
• restated_by kaal:claim:3411897-033 Smart contracts undermine counterparties' ability to continue collaborating when unanticipated eventualities a...

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