Commitment

Description

Will Ruddick:

"A commitment is a redeemable promise: who will deliver what (unit/quantity) to whom, when/where, and under what proof and fallback. In practice it’s recorded as a voucher/token on a ledger (paper or digital) with clear metadata (issuer, scope, unit, quantity, window, location/channel, proof-of-fulfillment, expiry, reissuance/revocation policy, and guarantor/backstop). The Commitment Pooling Protocol enables interoperability between commitments within a pool and among pools."

(https://willruddick.substack.com/p/name-the-interface-compose-the-commons)