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commit de5a660dc7a48d4403d0c3c682704096f84dafe0
parent 39be415dbab8a8deb2dbbf2746dd64e16304acfa
Author: Florian Dold <florian@dold.me>
Date:   Sun,  5 Mar 2023 19:04:31 +0100

blockchain integration

Diffstat:
A2023-blockchain-integration.md | 29+++++++++++++++++++++++++++++
1 file changed, 29 insertions(+), 0 deletions(-)

diff --git a/2023-blockchain-integration.md b/2023-blockchain-integration.md @@ -0,0 +1,29 @@ +# Taler/Blockchain Synergies + +Two types of complementary Blockchain integration are possible: + +1. Blockchain as underlying account-based settlement layer (RTGS, wholesale CBDC) +2. Blockchain as decentralized, durable, append-only data storage + +# Taler + RTGS Blockchain + +* Blockchain is used as the underlying account-based settlement layer + * Incoming transactions to exchange are monitored as part of issuing digital cash + * Outgoing payments are initiated by exchange to pay merchants/customers for deposited digital cash +* Requires adapter that exposes HTTP/JSON interface to exchange (called a wire gateway) +* Depolymerizer project implements this for ETH and BTC Blockchains + +Implementation estimates (person-days): +* Subsequent integration w/ different Blockchain: 15-30 + +# Taler + Data Storage Blockchain + +* Taler Exchange uses Blockchain as append-only database for crucial records + (coin invalidations, deposit confirmations, ...) +* Architecture: Exchange has postgresql as caching layer, Blockchain as + source-of-truth. Two-way synchronization between Blockchain and Taler exchange +* Can also be used to improve quantum resilience (c.f. Chaum) + +Implementation estimates (person-days): +* Implementation with first Blockchain: 40-70 +* Subsequent integration w/ different Blockchain: 15-30