kaal:claim:3406323-030

Smart contracts enable anonymous parties to engage in decentralized commerce because automated contracting self-executes and self-regulates according to mathematical strictures, removing the need for agency and intermediaries almost entirely.

Smart contracts allow anonymous parties to engage in decentralized commerce by providing automated contracting that self-executes and self-regulates according to mathematical strictures.

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), VI. Evolution, p. 15
https://ssrn.com/abstract=3406323 · source PDF

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

• smart contracts running on a blockchain

mechanismsupport: arguedsmart-contractseconomics

• extends kaal:claim:3405401-003 Smart contracts make decentralized commerce between anonymous parties possible because they provide automated ...
• restated_by kaal:claim:5254152-006 Smart contracts, as self executing contracts with terms written directly into code, remove the need for interm...
• extends kaal:claim:3405401-006 Automation in smart contracting reduces negotiation between counterparties to near minimal levels and removes ...
• extends kaal:claim:3373393-025 Smart contracts enabled by blockchain technology allow comprehensive, near error free, and zero transaction an...
• extends kaal:claim:3405401-007 The inherent mathematical logic of computerized code in smart contracts can clarify the parties' intent optima...

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