📝Solid Pay is a specification for creating peer-to-peer ledgers created by Michiel de Jong on top of 📝Solid, a decentralized identity layer for the World Wide Web designed by 📝Tim Berners-Lee and the W3C to fundamentally rework our relationship with our data on the Web.
Solid Pay is "not a cryptocurrency it is a higher layer technology that lives above existing currencies. However, Solid Pay, itself, is currency agnostic and any currency is usable with it."
We believe the 📝One Economy can be implemented as a peer-to-peer ledger on top of a set of Solid Pods using Solid Pay. One will collaborate with 📝itme to create and operate a Solid Pod hosting service for 📝Citizens of One, called 📝One Pod. Citizens will be given a Solid Pod that will embody their identity within One. One and itme will collaborate to create a Solid application to facilitate the creation of Solid Pay compatible webcredits payments between Citizens.
Given this infrastructure, 📝One Economy can be defined as the set of all payments published in an agreed-upon location within the Pods of all Citizens. The current state of the peer-to-peer ledger underlying the One Economy can be determined by reading and concatenating the payment files of all Citizens. Because of the open-world assumption underlying Linked Data and RDF, the One Economy can interact trivially with other economies inside and outside the One Pod Host.
We believe it is feasible to implement a prototype of this peer-to-peer ledger system by the end of August 2020 suitable for running alongside (not as a replacement for) the current 📝One Ledger.