# kaal:claim:3406323-037

**Claim.** 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.

**Type.** condition  **Support.** argued

**Holds when.**

- decentralized smart contract based commerce between anonymous parties

**Source quote.**

> 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, *Decentralization - A Primer on the New Economy* (2019), VI. Evolution, page 17

**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.** reputation, law-and-legal-systems

**Keywords.** reputation-systems, public-record, precedent, counterparty-trust

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3405401-036
- restates: https://wulfkaal.github.io/claims/3405401-035
- restates: https://wulfkaal.github.io/claims/3405401-033

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