kaal:claim:3405401-015

Although smart contracting in decentralized systems is perceived as creating trust through preordained coded coordination without agency problems, decentralized commerce is equally afflicted with trust issues.

While smart contracting in decentralized system can be perceived as creating trust through mathematical and coded — preordained coordination without agency problems, several factors suggest that decentralized commerce via decentralized solutions is equally afflicted with trust issues.

Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019), V. Trust Problem, p. 6
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

failuresupport: arguedfailure: decentralization-does-not-cure-trustfamily: agency-cost-and-managerial-opportunismreputationdecentralizationsmart-contracts

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