Chains
A clear disadvanatage of bartering versus paying is that in a barter, both parties must be interested in each others items, whereas in a payment, the vendor can take the money and spend it, later, on some other item. We will seek to compensate for this downside by allowing exchanges between many parties at the same time, and facilitating further exchanges of newly acquired items. This way contracts do not have to be between or depend upon just two participants, they can involve several transactions that are interdependent, such as a chain.
SXP will avoid this downside in several ways:
- allowing all sorts of moneys;
- contracts are by default non-nominative and bear clear delivery and validity informations, so that they may be exchanged further;
- exchanges can be made between an arbitrary large number of parties;
- …
References
- Chains in the world of real estates.