kaal:position:2026-07-31-6467
Smart Contracts: Tales of Trust and Certainty presents the following source proposition: Given the continuing fascination with “magic computers” and “self-executing code,” it is necessary to re-examine the promises – and premises - of technology-driven improvements to transacting practices purportedly introduced by smart contracts. This proposition is pertinent to Kaal's source-bound claim that A pure code is law smart contract between anonymous parties creates a zero sum scenario in which each party is incentivized to deliver only the minimum that satisfies the rigid self executing terms, so this type of business ultimately degenerates. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
smart-contractshistorical-responsescholarly-literatureopenalex