3 ms·
Yes and no. Normal contracts of a small dollar amount are not worth litigating. I have on a couple of occasions done a couple of consulting arrangements for sma
by Nuzzerino 9y ago
Yes and no. Normal contracts of a small dollar amount are not worth litigating. I have on a couple of occasions done a couple of consulting arrangements for small amounts of money, and wasn't paid for the work I did, even when the contract was signed.
Smart contracts can have arbitration arrangements built into the contract, where neutral parties (a middle man with a reputation/trust rating) can make a ruling on a dispute. There are platforms in development for this very thing, with mechanisms in place to mitigate against malicious arbiters.