Difference between revisions of "Trust group"
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| − | A group of people who all trust each other. People can belong to many trust-groups | + | A group of people who all trust each other. People can belong to many trust-groups, and all the trust-groups together compose the [[platform network]] which is a network formed from trust relationships. |
Information is able to pass safely and securely between any two people in such a network because the route can be divided up so that information only ever passes between people who trust each other. | Information is able to pass safely and securely between any two people in such a network because the route can be divided up so that information only ever passes between people who trust each other. | ||
Revision as of 23:55, 19 October 2010
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A group of people who all trust each other. People can belong to many trust-groups, and all the trust-groups together compose the platform network which is a network formed from trust relationships.
Information is able to pass safely and securely between any two people in such a network because the route can be divided up so that information only ever passes between people who trust each other.
A network of trust is a foundation onto which other more specific applications that require trust can be built. For example a trust-worthy system of trading can be built utilising a trust-groups ability to move value amongst its members in account and then settle up between themselves at a later convenient date. All trust-groups that partake in this contract form a network allowing currency to pass safely between any two parties.
Trust-groups can be formalised into single entities that can trade, own property or control accounts. The type of entity best suited to such a group is a trust. Trusts can be created purely out of contracts formed between the members of the trust-group.
