PaCT

Published and Cross-Verified Transaction

Table of Contents

• Standard Sequence
• Alternative Sequence
• Extended Sequence

The Published and Cross-Verified Transaction sequence illustrations demonstrate (a) interoperability requirements for the Tyaga Plan building blocks and (b) uniform payment processing expectations that would facilitate the spread of ledger-based currency use.

It is important to note that the illustrated PaCT sequences were designed to circumvent the need for transaction messaging between Accounting Systems. This design lowers the barrier for using ledger-based currencies. As long as the transactors agree to publish matching transaction record copies, reporter applications would be able to help complete and verify the payment process.

A PaCT Sequence could accomodate different protocols for published record syntax and reporter queries. However, for the sake of consistency and clarity, Prowl is used to illustrate the expected queries and representations in the Standard PaCT Sequence.

Please join the discussion at Prowl-Users Group for any questions and suggestions.