Trust network
|
A trust network is formed so that people can share sensitive information or valuable resource amongst people they trust. Trust networks allow peer-to-peer networks to become more robust, and can form a strong defence against the Sybil attack. In the context of OrganicDesign, trust networks are formed within and between trust groups allowing larger scale organisation to emerge in a reliable and aligned way.
- the willingness of one party (trustor) to rely on the actions of another party (trustee);
- reasonable expectation (confidence) of the trustor that the trustee will behave in a way beneficial to the trustor;
- risk of harm to the trustor if the trustee will not behave accordingly; and
- the absence of trustor's enforcement or control over actions performed by the trustee. [more]
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.
Dimensions of trust
|
