kaal:claim:3406323-037

Increasing counterparty trust in decentralized commerce requires that the full history of transactions be openly viewable and verifiable, so that counterparties' actions endure as part of a public record and a meaningful precedence system.

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.

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), VI. Evolution, p. 17
https://ssrn.com/abstract=3406323 · source PDF

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

• decentralized smart contract based commerce between anonymous parties

conditionsupport: arguedreputationlaw-and-legal-systems

• restates kaal:claim:3405401-036 A functioning decentralized reputation system requires that counterparties' actions in decentralized commerce ...
• restates kaal:claim:3405401-035 Similar business deals and contracts between counterparties must be organized and reviewable by the public, an...
• restates kaal:claim:3405401-033 Truly increasing counterparty trust in decentralized smart contract based commerce requires that counterpartie...

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• Extension: Universal Commerce Protocol