Web Contracts is a way to create a contracts using URIs as keys on the web.
Web Contracts are a new type of system for contracts across the web. These new contracts are designed to enable contracts across different platforms, and acts as a glue between eco systms.
This document specifies a format, interoperability guide lines, and operations that Web Contracts may support.
This document in an informal draft discussed in the w3c web payments community group.
A contract is a set of rules that influences web contracts, credits and vouchers.
This document specifies a format, and operations that Web Contracts may support.
Web Contracts are a component of larger systems, such as the Linked Data ecosystem [[LINKED-DATA]], which have driven the design goals for this specification. This section summarizes the primary design goals for this specification.
|Decentralization||The contract should not be server specific, though it may be.|
|Control||Only the entities that know the contract URN can use it.|
|Privacy||The Voucher URN is kept private between those that honor it.|
|Security||Transmission of a URN will be over encrypted formats.|
|Proof-based||Using PKI, hash, or other trap door function, it is possible to identify a URN without being able to spend it.|
|Discoverability||It may be possible to discover more information about a URN in a proof based network, or using an authoritative server.|
|Interoperability||URIs and URNs are used to provide wide interoperability with existing systems on the web.|
|Portability||Be system and network-independent and enable entities to use their digital identifiers with any system that supports Web contracts.|
|Simplicity||Favor a reduced set of simple features in order to make the technology easier to understand, implement, and deploy.|
|Extensibility||When possible, enable extensibility provided it does not greatly hinder interoperability, portability, or simplicity.|
The editor would like to thank the Web Payments Community Group.
Thanks to the following individuals, in order of their first name, for their input on the specification: