Sunday, April 8, 2018

Making the standard delivery ledger

The real good, as bearer asset, is a delivery report at each congestion point. Digital, non-transferable, not coin by contract. Contains a revoke before some short time with penalty. The rest is all layer dependent except...

 We have a standard e mail version which meets the conditions.  If we automated the Amazon system in pipeline control, then the reporting e mails become notary confirmations in the protocol under control. The web version of this bearer network is just the version we got, the e mail version. 

Bitcoiners create an equivalent confirmation with blockchain, we got a deal, easily making the parallel swap, but being responsible for our own notary services. That general framework, simple, but allows one party to defer. 

Safe vendors can do both swaps and we often take the risk.   So, I can sign my bitcoins over and keep my revoke short. I trust vendor to manage the swap.  In turn the vendor can take 'card not present' risk and batch the  bitcoin ledger calls.

It meets the atomic swap conditions as the cost of crawl back painful for everyone, but it happens. Notaries and prequal badging grease the escrow net.

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