With the core implementation down we can turn our attention to the business side of things: the organizational considerations and the business model
Organizational considerations
Affording a possibly global tracking of asset ownership
This post describes the implementation design of the core function of the Network of Underwriters Guild (NUG); updating assets belonging to the providing party and the receiving party.
Procedural overview
Underwriter sends
{
id:
What was the issues we took away from looking at the challenges now again?
* individual transactions be private (p)
* open to justified scrutiny (o)
* encourage transactions (t)
* remove speculation (s)
* Fees should be
What are the key ingredients in the witnessed ledger?
Every user has a ledger to themself[1]. Every transaction (involving shared information) will have a “counterpart” (some other user with their own ledger)
The witnessed ledger does not exist - do not go looking for it! It's merely a product of my imagination so please have that in mind when you continue reading this post!
Overview
