# kaal:claim:3782201-035

**Claim.** The hope of most Web3 engineers that overhead institutions can be automated away until they vanish is largely misplaced, because business contracts are not getting simpler as technology becomes more sophisticated.

**Type.** failure  **Support.** argued

**Source quote.**

> Decentralized oracles will eliminate the need for any original investigation from independent media. Automated systems will eliminate the middleman. These hopes are largely misplaced.

**From.** Craig Calcaterra, Wulf A. Kaal, *Future of Decentralization* (2021), Overhead institutions are catalysts for the economy, page 29

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201

**Verify.** sha256 of source PDF `bedf7bcfbb7a9b0112b5848cb0d941b1d41f330dafeee0143a30ff5e8aa53700` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Future%20of%20Decentralization.pdf

**Failure mode.** misplaced automation hope  (family: human-judgment-displacement)

**Topics.** smart-contracts

**Keywords.** automation, intermediaries, oracles, smart-contracts

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