# kaal:claim:3405401-011

**Claim.** 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.

**Type.** failure  **Support.** argued

**Holds when.**

- unanticipated eventualities arise
- contract parameters go unfulfilled

**Source quote.**

> 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.

**From.** Wulf A. Kaal, *Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed* (2019), IV. Downsides of Smart Contracts, page 5

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

**Verify.** sha256 of source PDF `bc2d6f0ddc0852fb4085c4543c7c1dec19aaf8745eb67e3acc637e552bd7fb7d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralized%20Commerce%20%E2%80%93%20A%20Primer%20on%20Why%20Decentralized%20Reputation%20Verification%20Systems%20Are%20Needed.pdf

**Failure mode.** cancel-out-on-unanticipated-events  (family: smart-contract-rigidity)

**Topics.** smart-contracts

**Keywords.** smart-contracts, incomplete-contracts, collaboration, cancellation

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3406323-033
- restated_by: https://wulfkaal.github.io/claims/3411897-033

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