LogoLogo
  • 01 ReSource Finance
    • Glossary
    • Executive Summary
  • 02 Mutual Credit
    • 2.1 Definitions and Rationale
    • 2.2 History
    • 2.3 WIR Bank
    • 2.3.1 Modern Multilateral Barter Networks
    • 2.4 Mutual Credit on the Blockchain
    • 2.5 The Basic Economic Questions for DLT-based Mutual Credit Systems
  • 03 The ReSource Protocol
    • 3.1 Introduction
    • 3.2 Distributed debt collection and obligation enforcement
    • 3.3 Distributed risk management
    • 3.4 Underwriting and risk assumption
    • 3.5 The Underwriting process - a breakdown
    • 3.6 Ambassadors and network administration
  • 04 Monetary Flow, Reserves, Default Insurance
    • 4.1 Introduction
    • 4.2 Default Insurance
    • 4.3 RSD Savings Accounts
    • 4.4 RSD Autonomous stability and relation to the US Dollar
    • 4.4.1 RSD/USD Soft Peg
    • 4.4.2 RSD on the Open Market
    • 4.5 SOURCE Token Dynamics
    • 4.6 Monetary Buffering
  • 05 Protocol and Network Governance
    • 5.1 Introduction
    • 5.2 Reputation
    • 5.3 SOURCE Governance Token
    • 5.4 Initial SOURCE Allocation and Distribution
  • 06 Application Layer
    • 6.1 Introduction
    • 6.2 The Underwriting dApp
    • 6.3 The Ambassador dApp
    • 6.3 The Pool Aggregator
    • 6.4 The ReSource Marketplace
  • 07 TECHNOLOGY
    • 07 Overview
    • 7.1 Negative Balances & CIP36
    • 7.2 Non-custodial Key Management
    • 7.3 The Marketplace
    • 7.4 Distributed Underwriting and Data Aggregation
    • 7.5 Financial Data & Data Providers
    • 7.6 ReSource Credit Risk Analysis Algorithm
    • 7.7 “Pay with ReSource"
    • 7.8 Cross-network liquidity pools for interoperability
  • 08 Future Industrial Use Cases for the ReSource Protocol
    • 08 Overview
    • 8.1 Telecommunication
    • 8.2 Complex Supply Chain Financing
Powered by GitBook
On this page

Was this helpful?

Export as PDF
  1. 03 The ReSource Protocol

3.1 Introduction

Previous2.5 The Basic Economic Questions for DLT-based Mutual Credit SystemsNext3.2 Distributed debt collection and obligation enforcement

Last updated 2 years ago

Was this helpful?

The purpose of the ReSource Protocol is to address and answer the basic economic questions for DLT- based mutual credit systems, while providing a flexible framework within which different kinds of mutual credit systems, serving a multitude of diverse use cases, can be established.

While mutual credit systems built on top of ReSource may differ significantly in terms of purpose, scope, monetary dynamics, and loan policy, they all share core elements such as 1) endogenously created stable credits, 2) overdraft-enabled current accounts, 3) distributed underwriting and risk management, and 4) distributed debt collection and obligation enforcement.

Participants may engage with the ReSource Protocol in one or more of the following four roles:

The nature of these roles and their contribution to the ReSource Protocol will be elaborated on in the following chapters.

Naturally, as stated above, distributed risk management and debt collection are the most sensitive and novel aspects of the Protocol. The general logic driving these aspects will be introduced in the following chapters. The exact mechanics facilitating these processes, the required token economics, and their implications will be elaborated on thereafter.