kaal:claim:5554218-022

Automating smart contracts under the code is law paradigm incentivizes unethical behavior by enabling anonymous, opportunistic action, which reduces repeat business and undermines the minimization of transaction costs.

The automation of smart contracts under "code is law" incentivizes unethical behavior by enabling anonymous, opportunistic actions, reducing repeat business and undermining transaction cost minimization.

Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025), 5.1 Automation in Code is Law, p. 31
https://ssrn.com/abstract=5554218 · source PDF

Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025). SSRN: https://ssrn.com/abstract=5554218

• anonymous or pseudonymous counterparties
• automated execution with no external legal recourse

mechanismsupport: arguedfailure: Anonymity driven opportunism raises transaction costsfamily: sybil-and-identity-attacksmart-contractseconomics

• contests kaal:claim:3405401-005 Smart contracts benefit business by simplifying and automating transactions, removing transaction costs, and c...
• extends kaal:claim:3782203-022 Despite its alluring simplicity, the Code is Law credo taken as an absolute is not an efficient solution for b...
• contests kaal:claim:3405401-007 The inherent mathematical logic of computerized code in smart contracts can clarify the parties' intent optima...
• contests kaal:claim:3405401-006 Automation in smart contracting reduces negotiation between counterparties to near minimal levels and removes ...

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