Lamine Yes. See also https://interledger.org/rfcs/0003-interledger-protocol/ (latest is version 9 of draft ILP-RFC-00003) The scope is intentionally limited, does not include escrow in the protocol, and to quote: "The Interledger Protocol provides for *routing* payments across different digital asset ledgers while isolating senders and receivers from the risk of intermediary failures. Secure multi-hop payments and automatic routing enables a global network of networks for different types of value that can connect any sender with any receiver."
While XRP has required escrow... I don't think that ILP requires an escrow setup. Settlement can occur via trusted net mechanisms (i.e. within a range of exposures and timing of settlement relates to that). Mojaloop includes a central ledger and "settlement mechanism"- see this diagram https://github.com/mojaloop/docs/blob/master/CentralLedger/central_ledger_block_diagram.png (let me know if it is not visible, I've noticed some issues in the past). Settlement is actually done outside of the system - it is assumed that this system informs that settlement participants of the net positions for this payment scheme. Please let me know if you think I'm off-base, and I'll also put this on list with my notes from today. James On Thu, Mar 8, 2018 at 11:42 AM Lamine Sano-Ouattara <[email protected]> wrote: > Hi James, > > I was on the call earlier, and I wanted to get a clarification pertaining > to the API flow we went over together. > From my understanding of ILP, which is a Ripple developed protocol, it > requires the involved ledgers to have some basic escrow semantics in order > to work and eliminate the counterparty risk in a transaction. If the > escrow functionality does not exist natively, it has to be implemented at > the local ledger level for ILP to work. > > Furthermore, ILP has recently been joined the Hyperledger umbrella of > blockchain projects under codename Quilt. The ILP standard is defined in > RFC 791 - https://tools.ietf.org/html/rfc791. > > Where I am getting confused concerning Mojaloop implementation of ILP is > that I did not perceive the escrow mechanism in the API calls, or was it > assumed to happen in the background? Or is Mojaloop implementing its own > ledger facility to clear and settle transactions beween DFSP? > > > Thanks. > > > Kind Regards, > > --Lamine Sano-Ouattara > > An army of sheep led by a lion would defeat an army of lions led by a > sheep. > > On Wed, Mar 7, 2018 at 7:17 PM, Ed Cable <[email protected]> wrote: > >> By the way, >> >> Matt Bohan from Gates Foundation shared v1 of API documentation we were >> awaiting. >> >> It can be downloaded from here: >> >> https://drive.google.com/open?id=0ByeK44WJrHIvOGs0UkZUUHFzdnBCenRLX0dzcHZUUGlaSlV3 >> >> Ed >> >> On Wed, Mar 7, 2018 at 11:14 AM, Ed Cable <[email protected]> wrote: >> >> > Steve, Isaac, and others that would like to join. >> > >> > Would this Thursday at 1700GMT (900PST) work for this meeting? >> > >> > If so, please register at https://attendee.gototraining.com/r/ >> > 4087378790399458305 >> > >> > Otherwise, we'll find a more suitable time. >> > >> > >> > On Thu, Mar 1, 2018 at 2:24 AM, Isaac Kamga <[email protected]> >> wrote: >> > >> >> Welcome aboard Steve. >> >> >> >> On Wed, Feb 28, 2018 at 10:39 PM, Steve Conrad <[email protected]> >> >> wrote: >> >> >> >> > I'd like to be involved in this project and am happy to begin work >> on in >> >> > integration proof of concept. >> >> > Steve >> >> > >> >> > >> >> > On Wed, Feb 28, 2018 at 1:08 PM, Ed Cable <[email protected]> wrote: >> >> > >> >> >> So as not to lose the momentum from the webinar that was held last >> >> month - >> >> >> http://mifos.org/blog/intro-to-mojaloop/. >> >> >> >> >> >> I want to start a thread discussing Fineract/Mifos integration with >> >> >> Mojaloop and to schedule a call to bring together any of the >> interested >> >> >> parties from the community - this can be both those interested in >> >> adoption >> >> >> of Mojaloop but primarily around technical contributors or partners >> who >> >> >> want to assist with the integration between Fineract and Mojaloop. >> >> >> >> >> >> One objective of this integration is to help provide a lab >> environment >> >> and >> >> >> proof of concept integration to demonstrate what can be done between >> >> >> Fineract and Mojaloop. >> >> >> >> >> >> Isaac has begun condensing down some of the Mojaloop docs into the >> >> salient >> >> >> points for our integration at https://goo.gl/1sR2dq >> >> >> >> >> >> I'd like to target a call for mid next week midday GMT. >> >> >> >> >> >> I aim to equip an individual contributor to begin working on this >> >> straight >> >> >> away but if not, scope out the integration to sufficient detail as a >> >> >> project for a GSOC intern. >> >> >> >> >> >> >> >> >> *Ed Cable* >> >> >> President/CEO, Mifos Initiative >> >> >> [email protected] | Skype: edcable | Mobile: +1.484.477.8649 >> >> >> <(484)%20477-8649> >> >> >> >> >> >> *Collectively Creating a World of 3 Billion Maries | * >> http://mifos.org >> >> >> <http://facebook.com/mifos> <http://www.twitter.com/mifos> >> >> >> >> >> > >> >> > >> >> >> > >> > >> > >> > -- >> > *Ed Cable* >> > President/CEO, Mifos Initiative >> > [email protected] | Skype: edcable | Mobile: +1.484.477.8649 >> > <(484)%20477-8649> >> > >> > *Collectively Creating a World of 3 Billion Maries | *http://mifos.org >> > <http://facebook.com/mifos> <http://www.twitter.com/mifos> >> > >> > >> >> >> -- >> *Ed Cable* >> President/CEO, Mifos Initiative >> [email protected] | Skype: edcable | Mobile: +1.484.477.8649 >> >> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org >> <http://facebook.com/mifos> <http://www.twitter.com/mifos> >> > >
