Hi all To bring this discussion back to the list. We had a call today - and some ideas and questions may be relevant for the entire list.
First, I'm articulating a vision whereby Mojaloop is used as the "switch" between multiple instances of Fineract 1.x/Mifos in various configurations. Mifos can be configured as a "microfinance institution" or more like a savings cooperative, or like a digital bank (for our purposes, a configuration where there are neither field operations nor teller operations, only digital accounts that can interact with others digitally). We discussed the different types or styles of institutions: from a purely digital first to a multi-tenant instance for multiple small microfinance orgs. Essentially Fineract/Mifos is the Account system and Mojaloop connects an instance to the larger ecosystem of account providers. Second, I'm emphasizing that Mojaloop is an instantiation of the LevelOneProject.org, which implements key principles such as PUSH payments, open loop, interoperability, and so on. It is a modern payments approach. It is not blockchain. It is intended to include banks, telecom providers, and any other provider of digital transaction accounts. Ubiquity of payments is a fundamental building block for a digital economy. Microfinance is hampered by the high cost of setting up payment interfaces and payment scheme fees - Mojaloop is intended to cut down on those barriers to entry. Third, while the Mojaloop team was implementing their core services and ledger approaches, a related team was working on APIs that could connect for better interoperability. Those APIs are now available to the Mifos team - see https://drive.google.com/open?id=0ByeK44WJrHIvOGs0UkZUUHFzdnBCe nRLX0dzcHZUUGlaSlV3 Fourth, we discussed some first steps, which we think include setting up an instance of mojaloop to test against and to map the existing mifos APIs against the mojaloop APIs. Fifth, we discussed on some email exchanges about how settlement and cryptographic escrow works. Resources in process - need to be moved: https://drive.google.com/open?id=0ByeK44WJrHIvOGs0UkZUUHFzdnBCe nRLX0dzcHZUUGlaSlV3 https://goo.gl/1sR2dq (move this confluence?) More later... James D. On Wed, Mar 7, 2018 at 11:17 AM 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 > > >
