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I’m not sure you can characterise all software with such a sweeping generalisation. There are plenty of use cases outside commerce - outside optimising distribution and trade of goods and services - which software contributes to immensely.

Also, maybe there’s an ironic counterfactual in payment and financial reporting networks, like Visa and Peppol. Peppol is not for profit, and Visa infamously facilitates five-way transactions with a huge degree of backwards compatibility.

As an aside, I wonder what code quality means to the author of TFA, and what craftsmanship looks like. Would be fantastic to get clear examples of this from the history of the industry.



Who are the 5 parties in the transaction though? I can only think of 4 (acquiring bank, user bank, user, merchant), who is the 5th party?




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