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Trading
Electronic Rights


In this chapter, we'll explain how we propose to build up from distributed capabilities to a user interface that allows people (and automated trading agents like auction houses) to trade electronic rights. We also show how to create new kinds of electronic rights (new derivative instruments) that can represent a variety of contractual arrangements.

A Decentralized Extensible Amix

From Message Passing to ERights Exchange

Derivative #1: Lend-Borrow-Evict

Derivative #2: Exclusive Rights Transfer

Step 1: Sharing

Step 2: Requesting an Exclusive

Step 3: Granting an Exclusive

Derivative #3: Futures

Escrow Exchange

Derivatives by Composition

 

 
Unless stated otherwise, all text on this page which is either unattributed or by Mark S. Miller is hereby placed in the public domain.
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