# kaal:claim:5254152-006

**Claim.** 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.

**Type.** mechanism  **Support.** asserted

**Holds when.**

- blockchain based organizations using self executing contracts

**Source quote.**

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

**From.** Wulf A. Kaal, *DAO Market Meta Analysis 2024* (2024), Emergence of Decentralized Autonomous Organizations (DAOs), page 4

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

**Verify.** sha256 of source PDF `bb2052d809a4615f0f3e2526ba6416293c40d00260149ba4fe6f38addf052796` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20DAO%20Market%20Meta%20Analysis%202024.pdf

**Topics.** smart-contracts, decentralization, economics, blockchain

**Keywords.** smart-contracts, disintermediation, transaction-costs, blockchain

**Related claims.**

- generalizes: https://wulfkaal.github.io/claims/5454054-020
- restates: https://wulfkaal.github.io/claims/3406323-030
- restates: https://wulfkaal.github.io/claims/2998033-001
- restates: https://wulfkaal.github.io/claims/3405401-005
- extends: https://wulfkaal.github.io/claims/3782216-011

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