W3C home > Mailing lists > Public > public-interledger@w3.org > March 2016

Reversals (left-over question from the workshop)

From: Evan Schwartz <evan@ripple.com>
Date: Tue, 1 Mar 2016 14:43:10 -0500
Message-ID: <CAONA2jWed1LbPsSquNtOXnn8F2XMUb69WpX7D5SmWuFj+F_e3g@mail.gmail.com>
To: Interledger Community Group <public-interledger@w3.org>
> What is the timeframe for a transaction to be reversed and funds returned
> ? What path algorithm mediates this connection ?

The core ILP protocol does not include reversals or refunds. If this is a
feature that is desired, the payment networks built on top of ILP would
need to include rules on reversals, as they would be represented by ILP
simply as a payment sent back from the recipient to the sender. A way to
avoid adding refunds and reversals would be to address in other ways the
underlying motivations for having them in the first place. If the problem
you want to solve is fraudulent authorizations you could build better
authentication and fraud detection into your ledger. If non-delivery of
goods is the issue, ledgers or 3rd parties could offer optional insurance.

Evan Schwartz | Software Architect | Ripple
[image: ripple.com] <http://ripple.com>
Received on Tuesday, 1 March 2016 19:43:58 UTC

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