kaal:claim:3405401-035

Similar business deals and contracts between counterparties must be organized and reviewable by the public, and the transaction history has to be fully openly viewable and verifiable so that parties can see that counterparties will perform as expected.

Source quote, verbatim

The history of transactions has to be fully openly viewable and verifiable, so that business parties can see that their counterparties will perform as expected.

From

Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019), VI. Decentralized Reputation as the Solution, p. 9
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

Classification

designsupport: argueddisclosurereputation

Related claims

restated_by kaal:claim:3406323-037 Increasing counterparty trust in decentralized commerce requires that the full history of transactions be open...

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