W3C home > Mailing lists > Public > public-webpayments@w3.org > January 2012

New use cases for Crowd funding and Reserves

From: Pelle Braendgaard <pelle@stakeventures.com>
Date: Wed, 11 Jan 2012 18:46:40 -0500
Message-ID: <CAHtLsUWjB7t-5E3M1x6rreP0h4VfpRwUyLFDUB4aPCus=PiyTw@mail.gmail.com>
To: opentransact@googlegroups.com
Cc: Web Payments <public-webpayments@w3.org>
One of the most important things I have taken from this debate with the
PaySwarm guys has been that we do need to explicitly show how various kinds
of applications can be created using OpenTransact.

So before I reply properly to the latest discussion I wanted to take the
time out and properly explain a few use cases:

So I have added this new Recipe's section to the OpenTransact site:


There are detailed recipes for OpenTransact use in Crowd Funding:


and detailed example on how derivative assets such as what we are calling
reserves can be used:


I wil be adding examples for exchanges and subscriptions as well.

Please provide me with feedback on errors, omissions and if this is a good
format to show how it works.

The idea with these recipes is that they provide practical examples of how
you can do things. Conventions and Best Practices for OpenTransact.

It shows how OpenTransact works together as a whole with other standards
such as HTTP and OAuth 2.0.

Some of the recipes, such as reserves may become more official specs in the


http://picomoney.com - Like money, just smaller
http://stakeventures.com - My blog about startups and agile banking
Received on Thursday, 12 January 2012 00:13:20 UTC

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