# kaal:claim:3406323-030

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- smart contracts running on a blockchain

**Source quote.**

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

**From.** Wulf A. Kaal, *Decentralization - A Primer on the New Economy* (2019), VI. Evolution, page 15

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

**Verify.** sha256 of source PDF `6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralization%20-%20A%20Primer%20on%20the%20New%20Economy.pdf

**Topics.** smart-contracts, economics

**Keywords.** smart-contracts, anonymity, intermediaries, automation, transaction-costs

**Related claims.**

- extends: https://wulfkaal.github.io/claims/3405401-003
- restated_by: https://wulfkaal.github.io/claims/5254152-006
- extends: https://wulfkaal.github.io/claims/3405401-006
- extends: https://wulfkaal.github.io/claims/3373393-025
- extends: https://wulfkaal.github.io/claims/3405401-007

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.