I run with the usual business of international travel, priced in bitcoin so as to be central bank neutral. All airline and hotel purchases done off the main blockchain. Then I proposed one way to subdivide so ancillary goods, like restaurants, could run off the main block chain. My first proposal was the custodial coin, as usual. Given the ringed fence, the local hotels can run a custodial coin for local purchase, and travelers check and out their originals.
The second is local blockchain. The local hotel association runs a block chain. Travelers check in from the man and visa versa, then local goods priced over the local blockchain only.
Someone has done a trustless swap between chains, so this works. We have a wallet that can do arbitrary block chain. 'Forked' coins that trade at par can have local use, mostly. Use locality, with either custodial coin or custodial blockchain, minimize ledger fees and get smaller denominations. This is technology right now, on the smart phones.
No comments:
Post a Comment