Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed
Wulf A. Kaal · 2019
Decentralized reputation verification systems enable mathematically rigid smart contracts to become more adjustable for the needs of business. Code is law principles can be upheld for smart contracts when reputation verification enables smart contract template verification. Validated templates of smart contracts increase trust for counterparties. The validation removes the need for costly back- testing and facilitates decentralized business transactions at unprecedented scale. Key Words: Decentralized Commerce, Reputation Verification, Emerging Technology, Crypto Economics, Token Models, Incentive Design, Velocity, Supply, Demand, Tokens, Blockchain, Distributed Ledger Technology JEL Categories: K20, K23, K32, L43, L5, O31, O32 ** Professor of Law, University of St. Thomas School of Law (Minneapolis, USA) 0 Electronic copy available at: https://ssrn.com/abstract=3405401
Cite: Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401. https://doi.org/10.2139/SSRN.3405401
PDF sha256: bc2d6f0ddc0852fb4085c4543c7c1dec19aaf8745eb67e3acc637e552bd7fb7d