kaal:claim:3441904-031

The cost of translating coded contractual intent into natural language has the potential to become overwhelming for the existing centralized legal infrastructure, because coded intent may be unclear and natural language intent often cannot be used for interpretation.

Source quote, verbatim

Coded contractual intent may be unclear and natural language intent can often not be used for interpretation.

From

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), IV.1 Shortcomings of Centralized Governance in Decentralized Systems, p. 26
https://ssrn.com/abstract=3441904 · source PDF

Cite as

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

Holds when

smart contract disputes brought before existing courts and regulators

Classification

failuresupport: arguedfailure: translation-cost-overloadfamily: privacy-and-surveillance-risksmart-contracts

Related claims

extends kaal:claim:3405401-010 Smart contracting cannot ensure the flexibility in interpreting intent that human interaction requires, becaus...

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