Human business interactions require a flexibility that is at odds with the merciless mathematical logic of smart contracts, so smart contracting cannot ensure the flexible interpretation of intent that human interaction requires.
Source quote, verbatim
Human business interactions require a flexibility that is at odds with merciless mathematical logic of smart contracts.
From
Wulf A. Kaal, Decentralization - Past, Present, and Future (2019), Part 2: The Present, Unleashing the Power of Decentralization, p. 40 https://ssrn.com/abstract=3411897 · source PDF
Cite as
Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897
Holds when
human commercial relationships requiring interpretation of intent
restateskaal:claim:3405401-009 Despite their benefits, smart contracts are subject to significant limitations because human business interact...
restateskaal:claim:3266953-014 Smart contracts cannot by themselves carry human business interactions, because those interactions require fle...
restateskaal:claim:3405401-010 Smart contracting cannot ensure the flexibility in interpreting intent that human interaction requires, becaus...
restateskaal:claim:3406323-032 Smart contracts fail to accommodate human business interaction because code does not follow the same logic on ...
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