Network Working Group J. Bedell
Internet-Draft infoeng.sf.net
Intended status: Informational December 20, 2006
Expires: June 23, 2007
Information Currency Trading Documents and Operations
draft-jpbedell-information-currency-trading-00
Status of this Memo
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This Internet-Draft will expire on June 23, 2007.
Copyright Notice
Copyright (C) The Internet Society (2006).
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Abstract
The documents and operations used for the trading of information
currency are presented in the course of an example trade.
Table of Contents
1. Introduction . . . . . . . . . . . . . . . . . . . . . . . . . 3
2. Example Trade . . . . . . . . . . . . . . . . . . . . . . . . 4
3. Security Considerations . . . . . . . . . . . . . . . . . . . 21
4. IANA Considerations . . . . . . . . . . . . . . . . . . . . . 22
5. References . . . . . . . . . . . . . . . . . . . . . . . . . . 23
5.1. Normative References . . . . . . . . . . . . . . . . . . . 23
5.2. Informative References . . . . . . . . . . . . . . . . . . 23
Author's Address . . . . . . . . . . . . . . . . . . . . . . . . . 24
Intellectual Property and Copyright Statements . . . . . . . . . . 25
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1. Introduction
Information currency[1][5] is the generic term for digital financial
instruments with digital information as the underlying asset. In the
following, the documents used for an information currency trade are
presented by illustrating a sample trade between two market
participants.
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2. Example Trade
Trader A has an RSA key pair[3] with the modulus (represented in
Base-64 encoding[2]) of
pjToVNAaLFbwY/H7+bQj0rKEIQnLdyk4aV7WxDms5PiB8rwmVytNkHylw340kDuQCNTsjYb/gBCk
Gp5ve+t1cNeLvQZHwCbXNN6BVyztA/fwiHt/UIlQf/uYLDLiOpkcuenMRE/qFibTP/co4yurje05
PJ/mxledJPIzhYYmjRb8vsI6lPCnBB2O/Cbg4LVWL5GypnC8UcSbIkve8WNeGnLu2f7gIOS2hchi
9XnAlGpYaTB0FWvP6RRc+SmpQwqNZAI6OVhRxx4xk5alNBDAHja5RL08V93gTBEfP5KbePcM0yya
6lXxTirHHThq4+1KKBno2jcQrAf8ZCiC1RBMPw==
and the initial holding of 10 units of information currency with the
series ID https://localhost:48443/icws/
seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c .
Trader B has an RSA key pair with the modulus of
rmSeTLc34f8dwQeteChrp22UWoYFAQ4oFQYvpnApFE5a4FSFwARibkZ1wtUr+kYqP/eydag/7dIs
j7+FWyXyHlNT/w9YdXO1UiKOuu8yk32y8IEuIesVbtC7XYe2feWrA/lhKdKUuVHIQtAoIZxn7WgC
lkQdEnzKLZEHooLkUCI30Br/HpFqgj/k9IQpGVv8jOdudkDVeSkfwdBOcKhQM1MRp9pNTnHDGnkq
6CMrnTg0uCNIDnbI65db9UPZ9L54WaBDceuZcG8tR4Pw1zbMzhshjvEwo/y6hwO2HXKLxPJq/U5h
pbqJXO72EjANOrcGIW+3qNjCQLdIzg2xuRKVTQ==
and the initial holding of 10 units of information currency with the
series ID https://localhost:48443/icws/
seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37 .
Trader A generates a TradeRequest to request an exchange of 1 ICU
from the series https://localhost:48443/icws/
seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c, which
Trader A currently possesses, in return for 2 ICUs from the series ht
tps://localhost:48443/icws/
seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37, which
Trader A does not possess.
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https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
2
https://localhost:48443/icws/seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c
1
U9ZNcmU4xtaLBmdPYivWbPa1+Uk=
aJ9r1WWn3GGDdYmvD2GPe5eyDjEfUbLuewKopb2eez3N3OSuhvN7DoFJ9hCqqJ7NJ84Tc3LNvK7c
ymNtfXnkrPqcE9NFiW4PnMZ2/s2rlLv2cteIW3sX8I94nenToSdIkzE7J+U7FIH4ZGhdWabUw33M
5J+gRsXAgUqjkZscGIJazxXtUnBB2ffuCRJaCwCT7fQXqQ0DZV8v11cZHwzHu1IPfQaVBgJrZnb/
0eJHXwLkzMZB4ChLGiz6dJleCcqUtaGuS0dzjSCVbYuAp8A12bxnaUosPOe4NGnEWLP7PbHui6vx
SrnSMIQ/ZufzkhD+pxIqk0Jpr568HL0x7Z6dUQ==
pjToVNAaLFbwY/H7+bQj0rKEIQnLdyk4aV7WxDms5PiB8rwmVytNkHylw340kDuQCNTsjYb/gBCk
Gp5ve+t1cNeLvQZHwCbXNN6BVyztA/fwiHt/UIlQf/uYLDLiOpkcuenMRE/qFibTP/co4yurje05
PJ/mxledJPIzhYYmjRb8vsI6lPCnBB2O/Cbg4LVWL5GypnC8UcSbIkve8WNeGnLu2f7gIOS2hchi
9XnAlGpYaTB0FWvP6RRc+SmpQwqNZAI6OVhRxx4xk5alNBDAHja5RL08V93gTBEfP5KbePcM0yya
6lXxTirHHThq4+1KKBno2jcQrAf8ZCiC1RBMPw==
AQAB
After Trader B receives the TradeRequest above, Trader B decides to
enter into the requested trade. A TradeOffer document is generated,
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which includes the 2 information currency units from the requested
series https://localhost:48443/icws/
seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37, and
specifies that 1 unit from the series https://localhost:48443/icws/
seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c must be
provided to execute the trade.
https://localhost:48443/icws/seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c
1
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
2
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
RDD31UD2OiDGQoAiJ/3bZm2cbhxlKiSkYugr5Rp/dYAEXnlf+g3ncTNqi7CNgbpAvrKTMfxU/It4
DfWiOq8Dcd7RMEz8ee0BoZPppLZfDpfKQOPgvpB/Oi8kASE3Ip33cRUHB8TzUU61teN9tUrfipWg
NmuEYgSnT7yw7sRwzog=
DYcyOewnCMuJd8BoNRhHyLnJZBgDG3vxIWoJuWXAj1VJ5SHcyo28Fb75m05fEUJXHfwH07au0AN2
tYHKnhxUXKalHQ/mlLnMD90++YYEPRZZYGKlkaj7HI/eHGn9ps+263VEaPfpK9H858d/b6rWFNYm
o08a/g94SjaeIFhOdTrBGGzHbsVCpbj7OKLAXw946HKUjt0NfBhbL6khBjIkXUODa7+yPbnCKch0
dPrcjoQaDS2VhFS/dEIQgB8TTUATM/ieET12sSgOsjWiotcxkqAPkuhe5ArNgyTcIVRazNNwBDRr
dwlQ7Vuz6xXBwpuzGzK5Qu35FmY0zb9i33k3gA==
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
cBrmcGzlChuzUArtfzx1aSTZeJmh1YMJiJNHEZJ3RFTL2C4E91isqbb1TeZYVHu0zQS8GCb1WJFi
y1P9/gnPL+opYDjcPIRk6rVwD9EsLbOa7KxR/gaJx5zkEqataDSxxL3gHgJIj8l78u+/68dyuQPj
+wSMSFaHgBiU6pNZak4=
Bay4J84z+zYeXHbmYzX3uxN9N8ZYVhqI88GmoPzS/aDoQcfhckjtE50piTLTJrqo/KErccz81fsE
mK9zCyMq8qiVOHhtiTXoAdr9LUKCMKiBhS4Qj3RPgpDhEcP2H1ssz5jhGYcQlDckRBceMEeTnzfz
S58VAwuCNehz5OKs53cWuCKHbOCw4vNSxLMfDQmpqR/9LP5gSYlBVqaGAApEQJATucA0VN7m4rtL
CqdD3GCRGT0gNJAn1r30D1ZdSf7nUGKEltEvzMU9+LBhdfmslPRT7RrHUqeedMf38AwsedX+tBJv
ag9TmkmU+1M2msLWXJ8WfCeurvRz0/holNK24A==
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fFa3BlPhGt0cOhnEy/LPkGSHewI=
IwOYB5ih80sWIO7NdHE8lI4HgeqES94vvLqLCoF9n2jSh8yjuF7HX6nqEKy0CcAQteyA1IHiEvZR
mMZ2HfjWqWI7MMaA3L5AI2AQwbjC41dnui87KXFzQPnfHMpk0Sf5te/fjqfjWFKQTzQY0n2F3CP2
SMD5wj4n4VU8xVk0W0+CE0ADER35DfgOahnTXhy3HO+ixpL6Xf3qCLGz1NZfnZdedank8o7vJk+y
jqQgjb+J2vw88i4VcaWFKJ5g8t//o2vtGPkv9KeJKsePjXJG3ntZV/UJNphVeSWrkAScglxlchjE
LYoSgr0JtinQCI6t55vPRmuQ/aJj5V1ao1AJZg==
rmSeTLc34f8dwQeteChrp22UWoYFAQ4oFQYvpnApFE5a4FSFwARibkZ1wtUr+kYqP/eydag/7dIs
j7+FWyXyHlNT/w9YdXO1UiKOuu8yk32y8IEuIesVbtC7XYe2feWrA/lhKdKUuVHIQtAoIZxn7WgC
lkQdEnzKLZEHooLkUCI30Br/HpFqgj/k9IQpGVv8jOdudkDVeSkfwdBOcKhQM1MRp9pNTnHDGnkq
6CMrnTg0uCNIDnbI65db9UPZ9L54WaBDceuZcG8tR4Pw1zbMzhshjvEwo/y6hwO2HXKLxPJq/U5h
pbqJXO72EjANOrcGIW+3qNjCQLdIzg2xuRKVTQ==
AQAB
When the exchange server receives the TradeOffer, it removes the
information currency from the TradeOffer and exchanges that IC. The
two information currency units included in the TradeOffer are
reproduced here.
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https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
RDD31UD2OiDGQoAiJ/3bZm2cbhxlKiSkYugr5Rp/dYAEXnlf+g3ncTNqi7CNgbpAvrKTMfxU/It4
DfWiOq8Dcd7RMEz8ee0BoZPppLZfDpfKQOPgvpB/Oi8kASE3Ip33cRUHB8TzUU61teN9tUrfipWg
NmuEYgSnT7yw7sRwzog=
DYcyOewnCMuJd8BoNRhHyLnJZBgDG3vxIWoJuWXAj1VJ5SHcyo28Fb75m05fEUJXHfwH07au0AN2
tYHKnhxUXKalHQ/mlLnMD90++YYEPRZZYGKlkaj7HI/eHGn9ps+263VEaPfpK9H858d/b6rWFNYm
o08a/g94SjaeIFhOdTrBGGzHbsVCpbj7OKLAXw946HKUjt0NfBhbL6khBjIkXUODa7+yPbnCKch0
dPrcjoQaDS2VhFS/dEIQgB8TTUATM/ieET12sSgOsjWiotcxkqAPkuhe5ArNgyTcIVRazNNwBDRr
dwlQ7Vuz6xXBwpuzGzK5Qu35FmY0zb9i33k3gA==
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
cBrmcGzlChuzUArtfzx1aSTZeJmh1YMJiJNHEZJ3RFTL2C4E91isqbb1TeZYVHu0zQS8GCb1WJFi
y1P9/gnPL+opYDjcPIRk6rVwD9EsLbOa7KxR/gaJx5zkEqataDSxxL3gHgJIj8l78u+/68dyuQPj
+wSMSFaHgBiU6pNZak4=
Bay4J84z+zYeXHbmYzX3uxN9N8ZYVhqI88GmoPzS/aDoQcfhckjtE50piTLTJrqo/KErccz81fsE
mK9zCyMq8qiVOHhtiTXoAdr9LUKCMKiBhS4Qj3RPgpDhEcP2H1ssz5jhGYcQlDckRBceMEeTnzfz
S58VAwuCNehz5OKs53cWuCKHbOCw4vNSxLMfDQmpqR/9LP5gSYlBVqaGAApEQJATucA0VN7m4rtL
CqdD3GCRGT0gNJAn1r30D1ZdSf7nUGKEltEvzMU9+LBhdfmslPRT7RrHUqeedMf38AwsedX+tBJv
ag9TmkmU+1M2msLWXJ8WfCeurvRz0/holNK24A==
After the exchange operation has completed successfully for the
information currency units, the two new ICUs are as below.
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
Y02m++tgfWn0xy4cyL+pJ43HCgHyacWYLtazVyU/pKSPRZ6o/VtAqztoo08MpW+zydXWgvFs2yOF
TkybRCzlB350FWmoqCXRGLQrcucRV0wxNkDjql0XvLxxBdinHbhXxJUNvOQPapClqJZPpJCGKAn3
gSsX+rxQcbup9sY4viM=
Zuut6yasiFa5ajAJA7jGj86VR1t9rQQKR2XcBOoADpIvel8UcIfF95KOCLWCdg9k5NoC4Bjw5tMI
y08FCDxbpfClIEnP+0zeZI9fqbpUe7+V8G2c0/hnDAMwiu56G7Wa7wJXMaI+LB7tyCNtMhSoEhEz
f7FjruogmA0LU9bjijSZFQyLm9BV4xZWVbkhZLD0FYb3lSyigxe5w0BuPtQ8TNGSDBBwAjXe+csF
00JKz8rZLqBJSkQnmNc0SkQo0m2ae+22P6/F08uXQ0NS6J8XVb7jtxdNhvybnU2d5LOsHDt6fqkF
xXtw6cDJjXUJ0WG63mOm/8IAsLLbn3bSnaYFPg==
DOiUphttjKuQeEYrBzZj9Ml8kbM=
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LhNRKQ7L8gYVvJJQbWfgdIgNPtX1K6tNEj1fwaeYlsAbYs4Fi3JLE3uRFJf2pU7YEONvaENGJ/oe
oZWTp19dVih7Rz2raAo9FDZtmx0OfRqLWiUANtqjTlx6dnbudVZcfWNc2QIHxnrkxtdp9M8w7Wsc
xEl9S+uTYqogOC+eeyGSYsRBqJGbCuwvKDFCX94EFNHVMa2Yn0MTBTBtCp5QnWEjVbQLknqKHh8A
uidV6+ZB8I1qm1iXESdO6nDLbT6pz7+tGHzpSqOnlyXkrp4gcj6ULuTqdpZY/oWmpvOBAOpy4Jjo
gtAB8Tu2E6xS/fAUyCDfosFSInKmcZDDacZXhA==
ofjyA8wbGkWwCG73JtqweRyrjybXq/nnR2m9ne4q7mHRBNRVz/PYOLb0CYaa8WcaFHrdxH9azxz2
EirHuzWmwLZhCh9bpZht+LZVC/BBJKJLfzrZ4B/IXY32VIkYImMveZpYjpZ8VPTzOykV8oizLxxz
074itijC8yWFjNVj+TrY6TXMFJItGyoMTQRHbaiXB8LS0LH96NG+lZn5liaV6WGqkJiSy/Dka8XY
/P78iUudcrxAuGpbweXJZroXa/ly1pwrRMCZ9LXv9f9CtVcXdNfqMj0/5F7hn7yt8qf1WBtoMgPt
8FeV0dANqi7Amwa9M8U9Ou4OZI5JnEzeuqIeJw==
AQAB
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
lBkbSUTkHKfshIcOjOQ9dp3SQKZCHB5FVQjOSL751K9zJwl00ugd+HMG5PlUUEqrl25lq87hURzk
6ppkw1QCGx8ueaTEJn379JiNqSFVcBEc5/BPldEoKQwFIy+uIvVD4fBMjSu/wtWuSwGfrUyySTPk
3eWDyI10QprFbpRhlQU=
OFRUyYf6Wnvw38ZWgmZAuQU3SNf45wBEo/bomQlqf6T/ID7AeR9RxX55UKa0GAfxCDJast+twB0f
uUj22UBdympY+3SRY4Sn2fpLwlPAdJxxZg7sM2SuIA3I7nGNoOtLvjmgZp33NzwNiTzhBL9O4mPa
Py2exu7zRxuaJp6woctPpYyMs9chepZp8WXNKVl+LPSJjlY0EgaeEdFCYtr3kMmo0KRf0l2FSeJ6
VttQOFTFikWtPtihpcObhIAZsPcfUKLQq3G7Z+eZLCXRIkXIWIPAk27eQch9KD3ulQsvqIjfNOUQ
z73qPddV0MOWyEEPjzLDkw2B0NGe6o8oDt6pJw==
WcO3UA+AHQmaZ8hC8I35+dD0QPo=
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SkJDs+K/gJUWDUF4iiX1UQ2+SE9b8Wtul+62ZBd/ghe3E8PhH9YvXAdDo8pFaew3fcaq6Wmpnxpd
3IKZ/CRVCKjCGiX6idxuo6baQn55zXe34XOVc0cqf3ultJlPT/POfIZrp9eiQJbUUm5mXKOe0j8U
amE0UkgFCMnCt/WAsKuEz9fpidYeSF6OIin0QG6jIGRylYVm/xD7gHDE7CHRxj6dZjMT6IV35MY2
FhK5G5x/W8hVkAbnHEtcuffMf6eY8bN4aFwBLbxhZdbz2PeRw6zpLNKmatd0PDNHI3vl/5ZfuESH
5fHAbPVxEvInzOzLeJ0qwQyJm9NbYQ5MsdrEEA==
ofjyA8wbGkWwCG73JtqweRyrjybXq/nnR2m9ne4q7mHRBNRVz/PYOLb0CYaa8WcaFHrdxH9azxz2
EirHuzWmwLZhCh9bpZht+LZVC/BBJKJLfzrZ4B/IXY32VIkYImMveZpYjpZ8VPTzOykV8oizLxxz
074itijC8yWFjNVj+TrY6TXMFJItGyoMTQRHbaiXB8LS0LH96NG+lZn5liaV6WGqkJiSy/Dka8XY
/P78iUudcrxAuGpbweXJZroXa/ly1pwrRMCZ9LXv9f9CtVcXdNfqMj0/5F7hn7yt8qf1WBtoMgPt
8FeV0dANqi7Amwa9M8U9Ou4OZI5JnEzeuqIeJw==
AQAB
After the exchanged IC is returned to the server and stored by the
server, the TradeOffer is distributed to the market participants with
the information currency removed.
https://localhost:48443/icws/seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c
1
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
2
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fAC3szJDDNPjFYp9k23uyQ3bSlY=
BPA3GEOPBIN7R0gte2fqkVaquqE609jXSZXL0HQPw7wZEwVGg85HaX1IYDrb8s058R2vzy3FnbAk
QmeKc/71ie/mSbPHcsLoCzEEPHKu/OseuPMo5nj0qs2Cif34PvO0eUCW4jI8m7Pv+LRANcutg2Wn
qzRSbw6CTIncli/mcH06r5IsYiQcPo340ts57wHqzW03WgF49DVo5LdefOyiNM0mtnX5T4+888uo
cfES922E0doLCSsmzVhBmnKLofCbP5wKxzTSbt/tJlr5p5q5L72l8Bg/BXvIvC8HoQvBXQfV5fXH
mlmYyZI1RColG4GDZH2YMY0KjQLtHUXQzB89IQ==
h68pA28mLlnspf88Ex9SnhVcIuYW45o1uVXrb74XAZM4swcVzQIZVpbcovGp+bJJnspn5rt/CNKj
7SutCqfaLWDrpjoU5khB+BCN5n/Dy6J3rh2vieRfAiCaek1U/SlFrcZA/8DQulqK2qb2DWJBi3Ua
PqgjfPyMzis/UURbaMPw5idiOqUUtV14E+WI18atdMBPcziDzh/4nfv5Ou/QD5sF05YdM+yxIguW
Nbdr4zT9EmsFcn2fsbT1r3Q81fJEFPi4rWiE3Lw3/B1Rwibj0l3tx/hmYmDUKgU7A72v3YVKN1zn
M18032vlBjjgYXmdfd+7vEM9x6hIs3zpn32TlQ==
AQAB
After the first TradeOffer, originating with Trader B, has been
distributed, Trader A responds with a counter-offer matching the
first TradeOffer.
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
2
https://localhost:48443/icws/seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c
1
https://localhost:48443/icws/seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c
MOBh/nl2mltNdPfjlRiATNCFyEgmQHRZ95hlYmC5UnW3roFvrAGZASu/r2NYucysI3NdJ5AwK+R5
9+H6jRNUbTevA6iSnEs6jxdmLC4a56HHDFWGMBwLGGOhsxfTidsiRGzxkVIm5Dq22A5+G+QNNhXh
BQDqCZEiENMnmdHzEd4=
KYNV/mHUIENa6trgY/PWJnR1aVwBBUq9pAs3NnJ7sTD2DoJ4l3F5EJKxoTXlsAvjC49v8YLWqtDs
DGD+4JpC4N61m5csobr61ryiAXQ7bDQQyWb2RuqwlyZxPU/yg3cZr3m8jHRgdEDIz8nEvcZsIPe2
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8vv5BIhWYrolT3Xm21idzHZR0HsaQrIB9rVWwMJpo2yX/zRJTFGHPT5gOxV6AFIOiYENh6Yab+uE
/slgj9me2/47KKPKCGO2KXNGWWChtQzLW4/LdujbpFnQslZwCj1PnbG0SKSzQ3UkKZEEr5WbRx9f
rTjk3tqCBJBoPv7uU3twYfxeSaY5fSbLTVMHaA==
P7xjOecetYJALQf2XAmBH2cFwJk=
oXcpJS+c4mV4FoZXxX0e7WHNs2xKWQVyjP+0sHZgfezTp1T1rRGCMughI1+HDlRWP6lN2q120H8z
TaSUScwxdrOcAR2+TsdfxRVsnT7I5QIaJR0MkP8SsiwtVAVNjdseVeyPOL7saUd89gINoW9wRwqe
lCZi4uGE+F4ddQqUZMWXKhoeiDcim+al/pZbyHUKBLj/BDsNdkqRpzgsQzReMGHFkkoGUkgHt1q6
OV6FdjqeQtZ84cVbh4V20yQ70H8anBItBpPfQT+eo3LuLOdvP9uV+eb0/4koxab09bIBrjVfByWU
PNNyBnc3oZ/iQWfBVcjQrk7YrUe+d2mhI+rxXg==
pjToVNAaLFbwY/H7+bQj0rKEIQnLdyk4aV7WxDms5PiB8rwmVytNkHylw340kDuQCNTsjYb/gBCk
Gp5ve+t1cNeLvQZHwCbXNN6BVyztA/fwiHt/UIlQf/uYLDLiOpkcuenMRE/qFibTP/co4yurje05
PJ/mxledJPIzhYYmjRb8vsI6lPCnBB2O/Cbg4LVWL5GypnC8UcSbIkve8WNeGnLu2f7gIOS2hchi
9XnAlGpYaTB0FWvP6RRc+SmpQwqNZAI6OVhRxx4xk5alNBDAHja5RL08V93gTBEfP5KbePcM0yya
6lXxTirHHThq4+1KKBno2jcQrAf8ZCiC1RBMPw==
AQAB
After receiving the ICU in the second trade offer, the server
exchanges the ICU to receive the new information currency unit below.
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https://localhost:48443/icws/seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c
oZ+teGlCZdh8al+JkJ95qPUaQKiQbtJkc/JtE+3fhjXZ4rjGXc0ThQEIURPUmtSa0NEEyM97C8OO
SNJtXkw1SeKIxtgED//cvHBeJPw0zi1vk277nOjIJhXHbr2a/u69FkujX1iSBDZUlgqAr308ox16
6WxQ610eslHGihLnp9E=
j5lJjeevRrTyMBjElvN7AmdWsaHVbSE9L9sZk8yZUmfDdrp40beqhs3G6lkP2FAxCRgoLeMfXK96
dP+FpF5091SzYN98RvuQG/6x7aujMrOjw4GPk+Zlq9VUyugiwZmuzKPvZAmiYgfZRFOV7FvGLqW/
B/OJBnZLtDNhA65KqCEfrobzQiC6yYePb9kWaI1UIXtskvrO9R4cfgE87blktbvLvBkOLgt6Oi+6
D7uVuMRiORVnruQWu36pH4hPvQWCI0jfQ9glC1WhiV1UXP4lqBzm6/bClUX4kSxbBPIXbM9eEYGm
aZ2FqLr39kVfCdePIjJh53YpISLUgSxnhZiAEw==
VRdFc8PO8iM3JJ4X1A0BLGpaGSA=
FB+OCf+eSxu9uTG1W/q5VEhr5FibjhGZ6xoEjIv7kyjs56qnB1oE9WGO3xhGJUAja78xjXWhmrvB
jEYVN6VuFCT/EwQkpVY6foDpRz6Yx8B3D+NmWd3ODjsx3VANxdSQmI28wl+VwZS+iiXwZIKCPOge
ZGD8zim1Cy+WZwX4XoDA8/GNvOWEOJKyHy5BSg88+SWIDoiort5dvnZY6WpSbqW/5jjQmeKiWsNm
XtPUea6IKP0oxmau043M2C6sUb/RiDqNULhStaqi4Y3iHc/pWRcA+waBBgM6Ok2fThI5yMXYNof1
YSS7ey/vJ6HFWZaC76xnkHE8Uwf5wuaIDsbI5w==
ofjyA8wbGkWwCG73JtqweRyrjybXq/nnR2m9ne4q7mHRBNRVz/PYOLb0CYaa8WcaFHrdxH9azxz2
EirHuzWmwLZhCh9bpZht+LZVC/BBJKJLfzrZ4B/IXY32VIkYImMveZpYjpZ8VPTzOykV8oizLxxz
074itijC8yWFjNVj+TrY6TXMFJItGyoMTQRHbaiXB8LS0LH96NG+lZn5liaV6WGqkJiSy/Dka8XY
/P78iUudcrxAuGpbweXJZroXa/ly1pwrRMCZ9LXv9f9CtVcXdNfqMj0/5F7hn7yt8qf1WBtoMgPt
8FeV0dANqi7Amwa9M8U9Ou4OZI5JnEzeuqIeJw==
AQAB
After the matching TradeOffers have been received, the results are
Bedell Expires June 23, 2007 [Page 13]
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distributed to the participants in the trade. In order to distribute
the results of a trade, TradeOffer documents are used. Two
distinctive characteristics of result TradeOffers is the inclusion of
a statusText element that indicates the TradeOffer that originated
this message, and the correspondence of the included asset with the
requestedInstrument information instead of the offeredAsset. In the
first result TradeOffer returned to Trader A, the statusText is
"filledOrder - e1abb079894aac7a0fd706ef43cb7c35d7e4094f", which
provides the hex-encoded SHA-1[4] digest value of the original
TradeOffer.
https://localhost:48443/icws/seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c
1
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
2
https://localhost:48443/icws/seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c
oZ+teGlCZdh8al+JkJ95qPUaQKiQbtJkc/JtE+3fhjXZ4rjGXc0ThQEIURPUmtSa0NEEyM97C8OO
SNJtXkw1SeKIxtgED//cvHBeJPw0zi1vk277nOjIJhXHbr2a/u69FkujX1iSBDZUlgqAr308ox16
6WxQ610eslHGihLnp9E=
j5lJjeevRrTyMBjElvN7AmdWsaHVbSE9L9sZk8yZUmfDdrp40beqhs3G6lkP2FAxCRgoLeMfXK96
dP+FpF5091SzYN98RvuQG/6x7aujMrOjw4GPk+Zlq9VUyugiwZmuzKPvZAmiYgfZRFOV7FvGLqW/
B/OJBnZLtDNhA65KqCEfrobzQiC6yYePb9kWaI1UIXtskvrO9R4cfgE87blktbvLvBkOLgt6Oi+6
D7uVuMRiORVnruQWu36pH4hPvQWCI0jfQ9glC1WhiV1UXP4lqBzm6/bClUX4kSxbBPIXbM9eEYGm
aZ2FqLr39kVfCdePIjJh53YpISLUgSxnhZiAEw==
VRdFc8PO8iM3JJ4X1A0BLGpaGSA=
FB+OCf+eSxu9uTG1W/q5VEhr5FibjhGZ6xoEjIv7kyjs56qnB1oE9WGO3xhGJUAja78xjXWhmrvB
jEYVN6VuFCT/EwQkpVY6foDpRz6Yx8B3D+NmWd3ODjsx3VANxdSQmI28wl+VwZS+iiXwZIKCPOge
ZGD8zim1Cy+WZwX4XoDA8/GNvOWEOJKyHy5BSg88+SWIDoiort5dvnZY6WpSbqW/5jjQmeKiWsNm
XtPUea6IKP0oxmau043M2C6sUb/RiDqNULhStaqi4Y3iHc/pWRcA+waBBgM6Ok2fThI5yMXYNof1
YSS7ey/vJ6HFWZaC76xnkHE8Uwf5wuaIDsbI5w==
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ofjyA8wbGkWwCG73JtqweRyrjybXq/nnR2m9ne4q7mHRBNRVz/PYOLb0CYaa8WcaFHrdxH9azxz2
EirHuzWmwLZhCh9bpZht+LZVC/BBJKJLfzrZ4B/IXY32VIkYImMveZpYjpZ8VPTzOykV8oizLxxz
074itijC8yWFjNVj+TrY6TXMFJItGyoMTQRHbaiXB8LS0LH96NG+lZn5liaV6WGqkJiSy/Dka8XY
/P78iUudcrxAuGpbweXJZroXa/ly1pwrRMCZ9LXv9f9CtVcXdNfqMj0/5F7hn7yt8qf1WBtoMgPt
8FeV0dANqi7Amwa9M8U9Ou4OZI5JnEzeuqIeJw==
AQAB
filledOrder - e1abb079894aac7a0fd706ef43cb7c35d7e4094f
YYCXAmMSEENy6UXdfm7EBUapZd8=
Pqt4lfy4d7rs7/tmWwr0HPQ5rcImRopJXvb9BnVEPX34GGjPKOfyc99+rAoLvFjrbxrbUfenZNuU
k+dH9NaITWNMm/UWnng9cWbthCTtbM9E1AV7bm+xIQ39MAon/xK5T9Dzxxy73UgPcc7g8VNUOSRT
fZEqrl2UKLnLz6h5+0DyWaFoAv8nM/ZcJFpbSJAKirb1kHDRSaGY0V8Xha38Doq9vxNBt6GelfHz
5pqr0jlBcskeaC0w/PZIBaSG+AyOx1fPnSlXlQ8GCt23JGPJzJ+OJPcJVfZeUgn1v1X12F51S0Z6
KqQyzO6GhKXefOtoKhUXce/F52wGkDzpuxqcxg==
h68pA28mLlnspf88Ex9SnhVcIuYW45o1uVXrb74XAZM4swcVzQIZVpbcovGp+bJJnspn5rt/CNKj
7SutCqfaLWDrpjoU5khB+BCN5n/Dy6J3rh2vieRfAiCaek1U/SlFrcZA/8DQulqK2qb2DWJBi3Ua
PqgjfPyMzis/UURbaMPw5idiOqUUtV14E+WI18atdMBPcziDzh/4nfv5Ou/QD5sF05YdM+yxIguW
Nbdr4zT9EmsFcn2fsbT1r3Q81fJEFPi4rWiE3Lw3/B1Rwibj0l3tx/hmYmDUKgU7A72v3YVKN1zn
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M18032vlBjjgYXmdfd+7vEM9x6hIs3zpn32TlQ==
AQAB
The result TradeOffer returned to Trader B has the status text
"filledOrder - 272cff59e658a46b9ca38714534a4da2ead6e9da" an includes
the result information currency corresponding to the requested IC in
the first trade offer submitted by Trader B.
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
2
https://localhost:48443/icws/seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c
1
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
Y02m++tgfWn0xy4cyL+pJ43HCgHyacWYLtazVyU/pKSPRZ6o/VtAqztoo08MpW+zydXWgvFs2yOF
TkybRCzlB350FWmoqCXRGLQrcucRV0wxNkDjql0XvLxxBdinHbhXxJUNvOQPapClqJZPpJCGKAn3
gSsX+rxQcbup9sY4viM=
Zuut6yasiFa5ajAJA7jGj86VR1t9rQQKR2XcBOoADpIvel8UcIfF95KOCLWCdg9k5NoC4Bjw5tMI
y08FCDxbpfClIEnP+0zeZI9fqbpUe7+V8G2c0/hnDAMwiu56G7Wa7wJXMaI+LB7tyCNtMhSoEhEz
f7FjruogmA0LU9bjijSZFQyLm9BV4xZWVbkhZLD0FYb3lSyigxe5w0BuPtQ8TNGSDBBwAjXe+csF
00JKz8rZLqBJSkQnmNc0SkQo0m2ae+22P6/F08uXQ0NS6J8XVb7jtxdNhvybnU2d5LOsHDt6fqkF
xXtw6cDJjXUJ0WG63mOm/8IAsLLbn3bSnaYFPg==
DOiUphttjKuQeEYrBzZj9Ml8kbM=
LhNRKQ7L8gYVvJJQbWfgdIgNPtX1K6tNEj1fwaeYlsAbYs4Fi3JLE3uRFJf2pU7YEONvaENGJ/oe
oZWTp19dVih7Rz2raAo9FDZtmx0OfRqLWiUANtqjTlx6dnbudVZcfWNc2QIHxnrkxtdp9M8w7Wsc
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xEl9S+uTYqogOC+eeyGSYsRBqJGbCuwvKDFCX94EFNHVMa2Yn0MTBTBtCp5QnWEjVbQLknqKHh8A
uidV6+ZB8I1qm1iXESdO6nDLbT6pz7+tGHzpSqOnlyXkrp4gcj6ULuTqdpZY/oWmpvOBAOpy4Jjo
gtAB8Tu2E6xS/fAUyCDfosFSInKmcZDDacZXhA==
ofjyA8wbGkWwCG73JtqweRyrjybXq/nnR2m9ne4q7mHRBNRVz/PYOLb0CYaa8WcaFHrdxH9azxz2
EirHuzWmwLZhCh9bpZht+LZVC/BBJKJLfzrZ4B/IXY32VIkYImMveZpYjpZ8VPTzOykV8oizLxxz
074itijC8yWFjNVj+TrY6TXMFJItGyoMTQRHbaiXB8LS0LH96NG+lZn5liaV6WGqkJiSy/Dka8XY
/P78iUudcrxAuGpbweXJZroXa/ly1pwrRMCZ9LXv9f9CtVcXdNfqMj0/5F7hn7yt8qf1WBtoMgPt
8FeV0dANqi7Amwa9M8U9Ou4OZI5JnEzeuqIeJw==
AQAB
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
lBkbSUTkHKfshIcOjOQ9dp3SQKZCHB5FVQjOSL751K9zJwl00ugd+HMG5PlUUEqrl25lq87hURzk
6ppkw1QCGx8ueaTEJn379JiNqSFVcBEc5/BPldEoKQwFIy+uIvVD4fBMjSu/wtWuSwGfrUyySTPk
3eWDyI10QprFbpRhlQU=
OFRUyYf6Wnvw38ZWgmZAuQU3SNf45wBEo/bomQlqf6T/ID7AeR9RxX55UKa0GAfxCDJast+twB0f
uUj22UBdympY+3SRY4Sn2fpLwlPAdJxxZg7sM2SuIA3I7nGNoOtLvjmgZp33NzwNiTzhBL9O4mPa
Py2exu7zRxuaJp6woctPpYyMs9chepZp8WXNKVl+LPSJjlY0EgaeEdFCYtr3kMmo0KRf0l2FSeJ6
VttQOFTFikWtPtihpcObhIAZsPcfUKLQq3G7Z+eZLCXRIkXIWIPAk27eQch9KD3ulQsvqIjfNOUQ
z73qPddV0MOWyEEPjzLDkw2B0NGe6o8oDt6pJw==
WcO3UA+AHQmaZ8hC8I35+dD0QPo=
SkJDs+K/gJUWDUF4iiX1UQ2+SE9b8Wtul+62ZBd/ghe3E8PhH9YvXAdDo8pFaew3fcaq6Wmpnxpd
3IKZ/CRVCKjCGiX6idxuo6baQn55zXe34XOVc0cqf3ultJlPT/POfIZrp9eiQJbUUm5mXKOe0j8U
amE0UkgFCMnCt/WAsKuEz9fpidYeSF6OIin0QG6jIGRylYVm/xD7gHDE7CHRxj6dZjMT6IV35MY2
FhK5G5x/W8hVkAbnHEtcuffMf6eY8bN4aFwBLbxhZdbz2PeRw6zpLNKmatd0PDNHI3vl/5ZfuESH
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5fHAbPVxEvInzOzLeJ0qwQyJm9NbYQ5MsdrEEA==
ofjyA8wbGkWwCG73JtqweRyrjybXq/nnR2m9ne4q7mHRBNRVz/PYOLb0CYaa8WcaFHrdxH9azxz2
EirHuzWmwLZhCh9bpZht+LZVC/BBJKJLfzrZ4B/IXY32VIkYImMveZpYjpZ8VPTzOykV8oizLxxz
074itijC8yWFjNVj+TrY6TXMFJItGyoMTQRHbaiXB8LS0LH96NG+lZn5liaV6WGqkJiSy/Dka8XY
/P78iUudcrxAuGpbweXJZroXa/ly1pwrRMCZ9LXv9f9CtVcXdNfqMj0/5F7hn7yt8qf1WBtoMgPt
8FeV0dANqi7Amwa9M8U9Ou4OZI5JnEzeuqIeJw==
AQAB
filledOrder - 272cff59e658a46b9ca38714534a4da2ead6e9da
3v4+bnyEvqh9LcwNxE4ksNIRbD8=
UP8Z9zwCN5BOl/v454f5b+c3ksykxkBPhsoAELlUXNOvoWKj4gXPytQ7bCpxqyeIyh3GgqSlPZ9Z
UpOoCPoqoSJL2ri1Ivun+JIpgzogMp3jm0PHqtXpYONogcvguQOzo7W4TCnHKUVXEpH19WKYZpa5
pLymF9Ua1hmWK9N+pOAsZiMEh/m/UbKPgkWf8AYhVTImHn3TmCTKVU7/q27OiVeo1WZW6cWtePra
5PrZuQ5DbqcEIBfrDTZHwjhInhbFH8vYEGvtP6tS7cWSyvHATVb3Qje6Z1dX84VdgKsvi92DpJ3m
+54GrSnk/JBAhT1hi/D7e2dFWx5MhY+9lQc8BQ==
h68pA28mLlnspf88Ex9SnhVcIuYW45o1uVXrb74XAZM4swcVzQIZVpbcovGp+bJJnspn5rt/CNKj
7SutCqfaLWDrpjoU5khB+BCN5n/Dy6J3rh2vieRfAiCaek1U/SlFrcZA/8DQulqK2qb2DWJBi3Ua
PqgjfPyMzis/UURbaMPw5idiOqUUtV14E+WI18atdMBPcziDzh/4nfv5Ou/QD5sF05YdM+yxIguW
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Nbdr4zT9EmsFcn2fsbT1r3Q81fJEFPi4rWiE3Lw3/B1Rwibj0l3tx/hmYmDUKgU7A72v3YVKN1zn
M18032vlBjjgYXmdfd+7vEM9x6hIs3zpn32TlQ==
AQAB
The final step in the process is the publishing of a TradeOffer
without information currency in it to all market participants to
create a record of the transaction. This TradeOffer, like other
result TradeOffers, is signed by the market operator (with a RSA
modulus in this case of
h68pA28mLlnspf88Ex9SnhVcIuYW45o1uVXrb74XAZM4swcVzQIZVpbcovGp+bJJnspn5rt/CNKj
7SutCqfaLWDrpjoU5khB+BCN5n/Dy6J3rh2vieRfAiCaek1U/SlFrcZA/8DQulqK2qb2DWJBi3Ua
PqgjfPyMzis/UURbaMPw5idiOqUUtV14E+WI18atdMBPcziDzh/4nfv5Ou/QD5sF05YdM+yxIguW
Nbdr4zT9EmsFcn2fsbT1r3Q81fJEFPi4rWiE3Lw3/B1Rwibj0l3tx/hmYmDUKgU7A72v3YVKN1zn
M18032vlBjjgYXmdfd+7vEM9x6hIs3zpn32TlQ==
), and not either of the parties to the trade.
https://localhost:48443/icws/seriesInfo?seriesID=6551bc7f59c9e788981004110629750b09ff0a37
2
https://localhost:48443/icws/seriesInfo?seriesID=78e29cc977299eb90a86166628a335dab04ee54c
1
matched e1abb079894aac7a0fd706ef43cb7c35d7e4094f and 272cff59e658a46b9ca38714534a4da2ead6e9da
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ZF81DWBF/QUJ3gBT5LC38QaBRtQ=
b9mHjlfsN/80SgKubkJ7q59bRCf0jRgTY52n2TTs6TTPNSJKIQvS+5mTd+xkOoBmn6yrVMpK/Dh8
CW3VGeleZRuVfuwSEMGZwkeHAW47I6r3FzRT8OAtBH4ejNavOakiYJBdQVgKTmw9uQBhie55MEI+
/ZPtXqpczb4/MWPZQjd18xWXYygs/6TgFYbEyf1S8VA3q5FG+Ihgao0RfSPPs67xSQT+495vS2IV
J3aU/hJxN9keeudsKyjUL71yYlHXjv87LSn+5QDSxdUE9apWJsuRWdhJ1Ha5GeSXHB7Qo2e4YI2k
z7Z2dAawORtMVjvGZvdx91NgakJ7ipbgzUqbOQ==
h68pA28mLlnspf88Ex9SnhVcIuYW45o1uVXrb74XAZM4swcVzQIZVpbcovGp+bJJnspn5rt/CNKj
7SutCqfaLWDrpjoU5khB+BCN5n/Dy6J3rh2vieRfAiCaek1U/SlFrcZA/8DQulqK2qb2DWJBi3Ua
PqgjfPyMzis/UURbaMPw5idiOqUUtV14E+WI18atdMBPcziDzh/4nfv5Ou/QD5sF05YdM+yxIguW
Nbdr4zT9EmsFcn2fsbT1r3Q81fJEFPi4rWiE3Lw3/B1Rwibj0l3tx/hmYmDUKgU7A72v3YVKN1zn
M18032vlBjjgYXmdfd+7vEM9x6hIs3zpn32TlQ==
AQAB
Bedell Expires June 23, 2007 [Page 20]
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3. Security Considerations
The participants in an information currency transaction should take
care to ensure that their transaction messages are encrypted. This
is because an attacker intercepting the information currency
exchanged by particpants can potentially steal the economic value of
the information currency by exchanging the intercepted information
currency to obtain exclusive ownership for themselves.
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4. IANA Considerations
This document has no actions for IANA.
Bedell Expires June 23, 2007 [Page 22]
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5. References
5.1. Normative References
[1] Bedell, J., "Information Currency Documents and Operations".
http://infoeng.sourceforge.net/information-currency-rfc.txt
[2] Josefsson, S., "The Base16, Base32, and Base64 Data Encodings",
RFC 3548, July 2003.
[3] Jonsson, J. and B. Kaliski, "Public-Key Cryptography Standards
(PKCS) #1: RSA Cryptography Specifications Version 2.1",
RFC 3447, February 2003.
[4] Eastlake, D. and P. Jones, "US Secure Hash Algorithm 1 (SHA1)",
RFC 3174, September 2001.
5.2. Informative References
[5] "Information Currency Web Services (ICWS) software".
http://infoeng.sourceforge.net
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Author's Address
J. Patrick Bedell
http://infoeng.sourceforge.net
Email: jpbedell@gmail.com
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