HOW DOES OPEN TRANSACTIONS COMPARE TO TRULEDGER (formerly TRUBANC)?
The Open Transactions protocol for account-to-account transfers is like the one in Truledger. Bill St. Clair made a big contribution with his work on Truledger When using the ACCOUNT TRANSFER instrument (instead of cheques, or cash) these are the signatures that are received by all parties: ALICE – Alice gets the server’s signature on her transfer request (whether it is accepted or rejected, she still gets a signed receipt.) – She gets Bob’s signature (in her inbox) accepting her transfer when he processes his own inbox. – She also gets the server’s signature on that. – She’ll also get the server’s signature on an agreement of balance at the same time. BOB – Bob gets Alice’s signature sending the original transfer, which appears in his inbox. – He also has the server’s signature on that. – Then, when he accepts her transfer, he will get a signed receipt from the server when his balance is updated. – He will also have a signed balance agreement from the server at this time. THE SERVER –
