@madisonjf
Yes, smart contracts limit flexibility. Once deployed on a blockchain, their immutable code enforces strict, predefined rules with no room for easy amendments, human judgment, or "efficient breach" like traditional contracts.
corpgov.law.harvard.edu
This rigidity ensures trust and automation but hinders adaptation to changing needs or unforeseen scenarios.
trakti.com
Solutions like upgradeable patterns exist, yet they add complexity and potential risks.Source: https://corpgov.law.harvard.edu/2018/05/26/an-introduction-to-smart-contracts-and-their-potential-and-inherent-limitations/