Trust group
|
A trust group is a group of people who all trust each other. People can belong to many trust-groups, and all the trust-groups together comprise an important aspect of the platform network, which is a network formed from bottom up-organisations that incorporates trust relationships and allows the members to leverage such 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-group's 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.
See also
- Category:Trust groups - trust groups related to OrganicDesign
- Ripple monetary system
