# kaal:claim:3782214-031

**Claim.** Code is law smart contracts deliver a genuine leap in efficiency and clarity through digital self execution, but their supposed self regulation will always ultimately fall short, which is why an appeals capacity is necessary in any business deal.

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

**Holds when.**

- any business arrangement executed by self enforcing code

**Source quote.**

> While code-is-law smart con- tracts give a technological leap in efficiency and clarity, with efficient digital self-exe- cution, their supposed self-regulation will always be ultimately lacking.

**From.** Craig Calcaterra, Wulf A. Kaal, *Decentralized Governance* (2021), Judicial short-term governance with hard and soft protocols, page 19

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Decentralized Governance (2021). SSRN: https://ssrn.com/abstract=3782214

**Verify.** sha256 of source PDF `ba892bb200c1455447c0014f5067a501a93ea9ec413c31942d95952eb3bdfd9d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20and%20Kaal%20-%202021%20-%20Decentralized%20Governance.pdf

**Failure mode.** self regulation gap  (family: enforcement-gap)

**Topics.** smart-contracts

**Keywords.** code-is-law, self-regulation, appeals, smart-contracts

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