Friday, July 18, 2014

A public list of transactions (open and completed)

In a standard format, with a Commerce ID for privacy (what some call a "smart contract").

It works with all currencies and barter too.


Example:
1. Make an offer to purchase.
2. Describe terms.
3. Receive a counter-offer.
4. Agreement (contract)
5. Deliver on each side.
6. Completed.

Time-stamps at each stage.

Block-chaining the list of transactions is one solution to prevent faked results.



Below describes the details of this.  It solves the idea of "money".

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