Non-mediated bargaining refers to direct negotiations and agreements between two or more parties without the intervention of a third-party intermediary. In the digital asset space, this often involves peer-to-peer transactions or smart contract-based agreements that automatically execute terms. This approach minimizes reliance on centralized authorities, reduces transaction costs, and enhances censorship resistance. It aligns with the decentralized ethos of blockchain technology.
Context
The discussion around non-mediated bargaining frequently highlights the efficiency and autonomy it offers in decentralized exchanges and peer-to-peer marketplaces. A key debate involves the legal enforceability of smart contract agreements in traditional jurisdictions and the challenges of dispute resolution without a central arbiter. Future developments include more sophisticated smart contract frameworks for complex agreements and decentralized identity solutions to build trust in direct peer interactions.
This research introduces a novel framework for private mechanism design, enabling verifiable commitment to rules without revealing sensitive information or requiring trusted intermediaries.
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