We discuss the meaning of the Schild action from the viewpoint of a po
ssible space-time uncertainty principle in string theory and present a
n interpretation of the Schild action which points toward a derivation
of superstring theory as a theory of quantized space-time where the s
quared string scale, l(s)(2) similar to alpha', plays the role of the
minimum quantum for space-time areas. A tentative approach toward such
a goal is proposed, based on a microcanonical formulation of a large
N supersymmetric matrix model.