Key Points

References

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Key Points

References

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Microservices Application Pattern

Please see the example applications developed by Chris Richardson. These examples on Github illustrate various aspects of the microservice architecture.

Resulting Context

Benefits

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• The coordinator is coupled with the services.
• If the coordinator goes down, it impacts the entire system.

Reactive Microservices based on event listeners

https://sites.google.com/a/mammatustech.com/mammatusmain/reactive-microservices

Benefits of Real OOP using Smalltalk before other languages improved

medium.com-The Forgotten History of OOP.pdf

https://medium.com/javascript-scene/the-forgotten-history-of-oop-88d71b9b2d9f

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RDD - Responsibility Driven Design - Wirfs-Brock

Why RDD?

more flexible than reactive services design

doesn't force everything to an API service model - just what should be an API vs a service vs a library vs a function

more natural way to find events produced and consumed by starting with business or client use cases

provides an easier way for business users to drive requirements specifications using natural language ( vs powerpoint logic )

Reactive Microservices based on event listeners

https://sites.google.com/a/mammatustech.com/mammatusmain/reactive-microservices

event maps, event storming in the context of microservices

effective really for software engineers but not so much for others

Benefits of Real OOP using Smalltalk before other languages improved

medium.com-The Forgotten History of OOP.pdf

https://medium.com/javascript-scene/the-forgotten-history-of-oop-88d71b9b2d9f

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P2P Escrow Transaction Pattern

goals

1. 2 parties complete an atomic swap of asset 1 for asset 2 without risk
2. contract config defines terms of the swap
3. if swap can't meet completion criteria, swap transaction is reversed for all parties returning initial states for each
4. optionally, a 3rd party notary service may need to approve the transaction
5. optionally, a 3rd party observer service may record the transaction
6. optionally, the 2 parties may be on different networks

model

1. create shared transaction manager with workflow from the contract config
2. each transaction has a unique ID
3. contract takes control over both assets from each party
4. after each step, the contract instance is updated for both parties and confirmed
5. signatures and consents required by all parties for each step
6. state changes are validated  as complete on each ledger for the current step before moving to next step
7. if completion criteria for a step not fulfilled by X time, the transaction is cancelled and all parties are restored to initial states

context

assume 2 different orgs on 2 different blockchains on 2 different platforms want to execute a sale using an order (any type of asset )

blockchains implement escrow transaction interface services in a smart contract

2 independent chains A and B can send messages using a common protocol ( gRPC or ??? )

party A wants to buy X from party B for Y currency amount

problems

how to ensure only authorized parties participate in the transaction

how to ensure both parties will execute their transaction once and only once to complete the purchase transaction

how to ensure that the purchase is cancelled if either party fails to complete their part of the purchase transaction within the designated time limit

pre-requisites

network connectivity

blockchain directory services and access

identity, registration and access management services for all parties in a transaction

each party implements the escrow transaction interfaces

each party communicates using one of the supported protocols: gRPC or ?

each party digital certificates to sign and execute transactions identifying the authorized party

gateway nodes connect 2 different logical blockchain networks directly or indirectly ( blockchain networks normally not physical but virtual overlay networks across multiple provider networks )

solution

use an escrow transction with smart contracts that

records each parties performance of the obligation

This follows a saga pattern to implement the escrow transaction (eg a purchase ) as a set of linked transactions in smart contracts

Singe Use Tokens are used to guarantee that only this single reservation transaction can be executed once by the designated party

step 0 - party A agrees to buy X from party B for Y currency amount agreeing to a set of policies to execute the transaction for the buyer and the seller roles

step 1 - reservation for payment from A to B with a token,  reservation for delivery from B to A with a token

step 2 - when both reservations complete, the reservations are executable as smart contracts by each party

each party executes their reservation transaction via smart contract using the supplied single use token created for just this transaction

A executes B's reservation using the token from B

B executes A's reservation using the token from A

alternate scenarios

both reservations are not completed within the agreed time limit, all reservations and tokens are cancelled and resources revert to current owner control

the purchase policy agreed to may include automated contracts to execute actions to reverse one or both reservation executions or cancel the reservations updating the blockchain

step 3 - if both reservations are not executed as transactions within an agreed time limit, each party is notified to manage the purchase based on agreed policy

step 4 - when both reservations have been executed by each party, all parties are notified of the completion of the escrow transaction

step 5 - any dependent actors are notified of the completion of the purchase which may trigger additional transactions ( eg start an automatic purchase warranty etc )a chain manager ( on a chain ) for other chain transactions ?? ( or a configurable chain model ? )

specific validators only for that transaction type and parties are active

1. multi-party contract with roles where config defines terms of the swap
2. each party is identified and claims a role ( eg buyer, seller etc )
3. define multi-step transaction types
4. create transaction instance using the shared transaction manager with workflow from the contract config for that transaction type
5. each transaction has a unique ID
6. set the parties who validate the transaction on each ledger
7. contract takes control over both assets from each party using locks and confirms locks ( if funds or asset limited, policy may allow partial transactions )
   1. obligation set for each asset in the contract locking a portion of the assets for a time period
   2. after lock done, the lock status for all assets in the contract is shared
   3. if all assets in the contract locked, next step executes ( normally the trade )
   4. funds transferred to new party,  assets transferred to new party
   5. after delivery completed, obligations removed
8. after each step, the contract instance is updated for both parties and confirmed
9. signatures and consents required by all parties for each step
10. state changes are validated  as complete on each ledger for the current step before moving to next step - 100% endorsement of each update by relevant parties
11. if completion criteria for a step not fulfilled by X time, the transaction is cancelled and all parties are restored to initial states
12. completion messages recorded and events published on success or failure of the transaction

context

assume 2 different orgs on 2 different blockchains on 2 different platforms want to execute a sale using an order (any type of asset )

a blockchain with 2 parties as nodes each running a ledger copy and a contract

assume direct payment ( no margin loan ) on purchase transaction

blockchains implement escrow transaction interface services in a smart contract

2 independent chains A and B can send messages using a common protocol ( gRPC or ??? )

party A wants to buy X from party B for Y currency amount

problems

how to ensure only authorized parties participate in the transaction

how to ensure both parties will execute their transaction once and only once to complete the purchase transaction

how to ensure that the purchase is cancelled if either party fails to complete their part of the purchase transaction within the designated time limit

pre-requisites

network connectivity

blockchain directory services and access

identity, registration and access management services for all parties in a transaction

each party implements the escrow transaction interfaces

each party communicates using one of the supported protocols: gRPC or ?

each party digital certificates to sign and execute transactions identifying the authorized party

gateway nodes connect 2 different logical blockchain networks directly or indirectly ( blockchain networks normally not physical but virtual overlay networks across multiple provider networks )

solution

use an escrow transction with smart contracts that

records each parties performance of the obligation

This follows a saga pattern to implement the escrow transaction (eg a purchase ) as a set of linked transactions in smart contracts

Singe Use Tokens are used to guarantee that only this single reservation transaction can be executed once by the designated party

step 0 - party A agrees to buy X from party B for Y currency amount agreeing to a set of policies to execute the transaction for the buyer and the seller roles

step 1 - reservation for payment from A to B with a token,  reservation for delivery from B to A with a token

step 2 - when both reservations complete, the reservations are executable as smart contracts by each party

each party executes their reservation transaction via smart contract using the supplied single use token created for just this transaction

A executes B's reservation using the token from B

B executes A's reservation using the token from A

alternate scenarios

both reservations are not completed within the agreed time limit, all reservations and tokens are cancelled and resources revert to current owner control

the purchase policy agreed to may include automated contracts to execute actions to reverse one or both reservation executions or cancel the reservations updating the blockchain

step 3 - if both reservations are not executed as transactions within an agreed time limit, each party is notified to manage the purchase based on agreed policy

step 4 - when both reservations have been executed by each party, all parties are notified of the completion of the escrow transaction

step 5 - any dependent actors are notified of the completion of the purchase which may trigger additional transactions ( eg start an automatic purchase warranty etc )

Hashed Timelock Contract  |  Hashed Timelock Agreement

https://www.investopedia.com/terms/h/hashed-timelock-contract.asp

https://academy.binance.com/en/glossary/hashed-timelock-contract

https://docs.lightning.engineering/the-lightning-network/multihop-payments/hash-time-lock-contract-htlc

Hash Time Locked Contracts (HTLCs) Explained

https://medium.com/liquality/hash-time-locked-contracts-htlcs-explained-e88aa99cc824

Refund scenario for HTLC

 leverage HTLCs in Atomic Swaps, but also lead industry-wide efforts to standardize their implementation across different applications and blockchains.

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Bitcoin UXTO model

https://river.com/learn/bitcoins-utxo-model/

• Bitcoin does not have accounts with balances. Instead, individual coins are owned by Bitcoin users.
• An Unspent Transaction Output (UTXO) is a discrete piece of bitcoin. UTXOs are used as the inputs of every Bitcoin transaction.
• The UTXO model makes Bitcoin more auditable, transparent, and efficient than traditional financial systems, which rely on accounts, balances, and third parties.

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Potential Value Opportunities

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