1. Inputs are accurate and in good faith
Every valuation, position, and decision is only as good as the data supplied. The platform does not independently verify a party's representations.
Limitations and assumptions
Kalman | Commons⁺ limitations and assumptions
The platform's outputs and its safeguards depend on certain premises being true. These are the assumptions we operate under and the boundaries of what the platform does. If an assumption does not hold, an output may be wrong or a safeguard may not protect as intended, so please read and accept them before you rely on the platform.
Inputs and the parties
We rely on what you give us
2. Identity and authority are valid
The platform assumes each party is who they claim to be and has the capacity and authority to negotiate and to bind themselves. It does not guarantee this.
3. Self-classification is truthful
Whether parties compete is judged on what they disclose. The competition safeguard is not a guarantee against unlawful coordination if a party misstates its position. Responsibility for lawful use stays with the parties.
The law
The rules reflect the law at a point in time
4. Current law, specific jurisdictions
The logic assumes a current snapshot of Australian law, which changes, and assumes the matter sits within the jurisdictions modelled. Outside them, the rules may not apply.
5. You take your own legal advice
The platform is not a substitute for independent counsel. Its position on legal boundaries assumes each party acts on its own advice.
Model and valuation
Valuations are estimates, not facts
6. Outputs are model-based estimates
Any valuation assumes the chosen method suits the asset. Heterogeneous, intangible-heavy, or information-poor assets carry greater uncertainty.
7. Classification is approximate
Mapping a thing to a category or a standard code is a best-effort match, not an authoritative determination.
8. We work within a theoretical limit
The platform assumes no process can guarantee a perfectly efficient or fair outcome when both sides hold private information. Its value is the credible handling of that information, not a guaranteed optimal deal.
Technical layer
What the technology assumes
9. Cryptography and key custody hold
Tamper-evidence assumes the underlying signatures and hashes remain sound, that members keep their keys secure, and that timestamps are reasonably accurate for ordering.
10. The public layer is an open broadcast
Anything published to the public layer propagates across independent nodes. That is also why nothing on it is confidential or reliably retractable.
11. A ledger and rules engine, not a database
The infrastructure is used as a record and a rules engine, not a transactional database. Availability, ordering, and capacity follow from that design; high-frequency transactional use is outside it.
Conduct
Use is lawful and in good faith
12. No prohibited or deceptive use
The platform assumes members do not use it to coordinate prohibited conduct, do not misrepresent to bypass a safeguard, and handle confidentiality and privilege through counsel.
13. You have read and accepted these terms
Every other assumption rests on this one. Using the platform means you accept the assumptions and limitations set out here.
This summary describes the platform's operating assumptions and limitations. It is not legal advice and is not a substitute for binding terms, which will be settled with an admitted practitioner before public launch.