Why do people want to enter into agreements at all?
- Certainty over whether an agreement was made
- Clarity between parties about the specifics of what was agreed
- Mutual understanding of performance obligations
- Greater efficiency in dispute resolution
- Enforceability means increased confidence in business decisions
What do people (or other autonomous entities) stand to gain by entering into an agreement digitally?
- Computable reference objects (with the capacity to drive automation elsewhere)
- Cryptographic proof of agreement state (by parties timestamping, signing, and ordering it amongst other documents via hash-chaining
- Security against loss
- Interoperability with other agreements (e.g. static, hierarchical, dynamic)
- Tracking in real-time
- Fulfilment logs and other event streams