kaal:claim:5254152-006

Smart contracts, as self executing contracts with terms written directly into code, remove the need for intermediaries, which lowers costs and raises trust among participants.

Smart contracts, self-executing contracts with terms directly written into code, eliminate the need for intermediaries, reducing costs and increasing trust among participants.

Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024), Emergence of Decentralized Autonomous Organizations (DAOs), p. 4
https://ssrn.com/abstract=5254152 · source PDF

Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024). SSRN: https://ssrn.com/abstract=5254152

• blockchain based organizations using self executing contracts

mechanismsupport: assertedsmart-contractsdecentralizationeconomicsblockchain

• generalizes kaal:claim:5454054-020 For tokenized stocks, smart contracts can verify ownership and holding periods directly from blockchain ledger...
• restates kaal:claim:3406323-030 Smart contracts enable anonymous parties to engage in decentralized commerce because automated contracting sel...
• restates kaal:claim:2998033-001 Blockchain technology lowers transaction costs by eliminating intermediaries, and it substitutes immutability ...
• restates kaal:claim:3405401-005 Smart contracts benefit business by simplifying and automating transactions, removing transaction costs, and c...
• extends kaal:claim:3782216-011 Applying Web3 technology to chit funds replaces the foremen and their commission with smart contracts, which e...

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