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2022-04-07 Task Force Meeting Notes

2022-04-07 Task Force Meeting Notes

Apr 07, 2022

Off-TSC Meeting time

19 April @ 10am eastern, then every 4 weeks after @Danno Ferrinto setup and send invite

Project Philosophy

  • Integration with public chains

  • Large projects looking to join HLF that are not perfect matches should "grow" the philosophy

    • i.e. lack of perfect fit is not a reason to reject

  • Need Limits

    • Initially stayed away from cryptocurrency,

      • Intent was to allow space for enterprise, Crypto was growing wildly and didn't need focus,

      • Never prevented projects from supporting live crypto networks

  • Web3?  Get In or stay out?

  • Is a CBDC a cryptocurrency? What about the software to run the network?

    • Distinguish between the software and the live network

  • Is the dividing line "blockchain for business"?

  • Interested in permissioned networks

    • These cannot be silos

    • Will integrate with public networks where "value" exists

  • Lots of experts in various diverse parts of the ecosystem

    • Secure execution environments

    • Hardware Cryptography

    • Use-case specific special interest groups

    • These don't always map to project that are being built.

  • Whose needs are we trying to meet?

    • What does "Business" mean?

    • Who are our targeted users?

  • What is "Integration with the public chain?"

    • "Permission chain based DeFi Scenarios"

    • Smart contracts for a financial instrument, such as fractional real estate ownership

    • exchange tokens from public chain into sidechain tokens, back and forth

    • Bridging and sidechains

  • Standardize protocols we are developing

  • Is finance the only use case?

    • Digital Identity, very separate from fintech

    • Decentralized digital identity

    • Supply Chain

    • List active SIGs

  • Focus on Frameworks rather than applications

  • "Multi-party Systems"

    • What does this mean?

    • What enables people to engage with their business partners?

    • Could help write domain or problem statement

Project Areas

  • Integrating with permissioned chains as sidechains to public chains

  • Tracing what happens on a blockchain network across the entire network

  • Tooling around different L1 DLTs

    • Expand Monitoring

    • Automation

    • For all projects, not just a single DLT

    • Deployment

  • Collection of Token Implementations

    • Fungible

    • Non-Fungible

    • Implement IWA Token Taxonomy Framework for our different DLTs

  • Common Consensus Interface

    • Implement modular consensus algorithms

  • Self organizing namespaces

    • Possessing verifiable information allows you to share in the namespace

  • Use DLT to make decentralized development more self organizing

    • Github/Gitlab but on a blockchain

    • Data Availability at scale

  • Decentralized Identity

    • Edge agent for DID

    • Individual identity wallet

    • Decentralized Cryptography, P2P sharing

  • Enterprise Wallets

    • Verifiable Credentials

    • Tokens (FT and NFT)

    • Any other blockchain data that can be "Owned"

    • Multi-Party Compute Wallet

  • Enterprise Tools Integration

    • Kafka/data streams

    • Authentication

    • Database

    • Extract Transform Load Pipelines

  • Key Management across blockchains

    • Common Integration point

    • Part of the wallet story?

Next Meeting

  • Synthesize Themes in philosophy and project

  • Enumerate sigs, labs and Graduate/Incubating projects into the areas

  • Do we need to publicize existing capabilities?