kaal:position:2026-07-31-7644
Integrating a Blockchain-Based Governance Framework for Responsible AI presents the following source proposition: When it comes to responsible AI systems, smart contracts can play a crucial role in ensuring that the terms and conditions of the contract are fair and transparent as well as that any automated decision-making is explainable and auditable. This proposition is pertinent to Kaal's source-bound claim that The fourth Howey prong fails because LER accrual is automated by smart contract and driven by the shareholder's own decision to keep holding, leaving the issuer's role ministerial rather than entrepreneurial. 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-contractssecurities-lawhistorical-responsescholarly-literaturecrossref