RE: Roll call / intro - expand the scope of Interledger Protocol to beyond payment



>>> From: Bob Way [mailto:bob@ripple.com] 
>>> Sent: Monday, December 07, 2015 11:23 AM
>>> To: Ryan Fugger
>>> Cc: Nitin Gaur; Interledger Community Group
>>> Subject: Re: Roll call / intro - expand the scope 
>>> of Interledger Protocol to beyond payment
>>>
....
>>> …yes, we could wander lost in these weeds forever…

>>>
>>> What is worth realizing, is that while we often think 
>>> of the delivery half of a 
>>> business transaction as happening after the payment, 
>>> the delivery must always negotiated before the 
>>> payment can even be determined. 
>>>
>>> As such, we can encapsulate the details of the 
>>> delivery half of the transaction into a single 
>>> contract document. Alice and Bob must agree on the 
>>> terms of this contract before the payment can take place. 
>>> But otherwise, this contract can be completely 
>>> opaque to the payment half of the transaction. 
>>> In fact, you can simply hash the contract and 
>>> use that as a proxy for all the delivery side details.
>>>
>>> This contract hash can than be signed (as the 
>>> ILP payment “receipt") to both trigger payment 
>>> execution and to signify agreement to the 
>>> contract’s delivery terms.

Thanks Bob,

Apologies -- didn't mean to come across somewhat negative. Discussions are needed for this group to move forward.

Here are a bunch of questions I have with regards to interconnecting ledgers:

- What does it mean to connect ledgers when it pertains to data/assets/records belonging to different verticals (e.g. health, finance, etc).

- Where does the semantic information regarding a given ledger is located, and how to discover.

- How to do access control on private ledgers at a global scale.



/thomas/

Received on Monday, 7 December 2015 18:42:03 UTC