DIMCredits Whitepaper
  • DIMCredits Whitepaper
  • Introduction
    • History
    • What is DIMCredits?
  • Core Concepts of DMAS and Holochain
    • Decentralized Multi-Agent Systems (DMAS)
      • What are DMASs?
      • Associated DePIN Network
      • Information storage mechanism
      • Validations
      • Identity management
      • Mutual currencies
      • Use cases
      • Community
      • Conclusion
  • Security in mutual credits
    • Security in mutual currencies
    • Governance mechanisms
  • Existing insurance solutions
    • Centralized credit insurance
    • Sharing economy
    • Blockchain-based parametric insurance
  • DIMCredits design
    • Overview
    • Governance
    • Workflows
    • Agents definition
      • Insurer agent
      • Debtor
      • Creditor
      • Reserve accounts
      • Broker
      • Validator
    • Transactions
      • DICs exchange
      • Agreement request
  • Legal
  • Bibliography and references
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  1. DIMCredits design

Workflows

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All operations will follow the workflow above

  1. Creditor and debtor sign in.

  2. Creditor and debtor share their transaction history.

  3. A creditor buys DICs.

  4. A creditor offers a product or service in her community.

  5. A debtor buys DICs.

  6. A debtor checks a creditor's reputation.

  7. A debtor requests products or services in her community.

  8. The creditor checks the debtor's reputation and accepts or denies the request. If multiple offers arise, she selects the best for paying lower fees later.

  9. In case of acceptance, the debtor pays a deposit.

  10. The creditor asks for an insurance.

  11. The Creditor’s and debtor’s reputations and the fee to be applied are calculated.

  12. The creditor pays the insurance fee.

  13. The creditor gives the debtor a digital key to use the product or service.

  14. The debtor uses that key.

  15. The creditor proofs service/product is properly done.

If both parties, the creditor and the debtor, agree

  1. The debtor pays the creditor.

  2. The debtor requests her deposit.

  3. Insurance pays back the deposit.

  4. The reserve account sends DICs to insurance agents.

  5. The reserve account and creditor gossip about the good debtor and creditor behavior.

If both parties, the creditor and the debtor, do not agree

  1. The creditor asks insurance for coverage.

  2. Insurance checks no transaction is done.

  3. Insurance checks creditor proof of service.

  4. The reserve account sends DICs to the creditor.

  5. The Reserve account sends DICs to insurance agents.

  6. The Reserve account holds debtor deposits.

  7. Reserve account and the creditor gossip about bad debtor behavior.

DIMCredits workflows