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.

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

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

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

• smart contract disputes brought before existing courts and regulators

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

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

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• Qualification: To what extent can smart contracts replace traditional contracts in construction project?
• Qualification: Transformation of Real-World Contracts to Smart Contracts for Blockchain Applications