2022-04-07 Task Force Meeting Notes

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

    Capital Markets SIG

    Climate Action and Accounting SIG Home

    Governance, Risk, and Compliance SIG Home

    Healthcare SIG

    Media and Entertainment SIG

    Public Sector SIG

    Supply Chain and Trade Finance SIG Home

    Telecom SIG

• 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?