Quote: (09-22-2017 07:30 PM)Brodiaga Wrote:
This is a general limitation of smart contracts, not just in the business environment. Many contract obligations are too complex to be tracked and more importantly, enforced by an algorithm. That's why we have expensive lawyers and judges in the legal system and corporate managers in business.
Keep in mind that it would tend to be only the higher financial payouts where the additional human component is desirable. You could always do a smart contract that acts like a smart escrow + arbitration process, whereby a 3rd-party such as a manager has to give the final go-ahead for the smart contract to be complete and the raise to be given.
If you were instead doing lots of micro-transactions (e.g. like OMG currency exchange) then no human oversight is preferable in order to scale. In the context of corporate management this could be per-sale commission for each salesman in a large enterprise.
Of course the system can be gamed (just like commissions can be gamed in a non-smart contract payment system) but I expect to see many businesses utilising smart contracts in order to become more efficient in the future.
This will likely initially be for rather simple smart contracts (e.g. monthly payroll just like Dash does) in order to avoid abuse but as corporate smart contract expertise grows the amount of functions that smart contracts take over I think will surprise us all.