Namespace org.accordproject.payment.endorsement(0.2.0)

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Declared Types

      
      import org.accordproject.payment.endorsement.Endorsement from https://models.accordproject.org/payment/endorsement@0.2.0.cto
      
      

Dependencies

Source

    
      namespace org.accordproject.payment.endorsement

import org.accordproject.money.DigitalMonetaryAmount from https://models.accordproject.org/money@0.2.0.cto

/** This smart-contract model describes a routine that would transfer a cryptocurrency payment to be made by a separate smart contract (a “payment smart contract”) on a specified date to a payee to a transferee authorized by the payee. This can be thought of as equivalent to flipping a check or note over and writing “Pay to the order of” on the back, hence it is referred to as an “endorsement smart contract”.
 */

/**
* http://schema.org/endorsement
*
* paymentAmount - includes value and cryptocurrency code that define the
*   output transmitted from payorAddress to be transferred.
* payeeAddress - Beginning on the Due Date/Block No., the endorsement smart
*   contract would look for outputs sent to the payee’s Ethereum address.
* smartContractAddress - The endorsement smart contract would check whether
*   outputs to the payeeAddress originated from the payment smart contract’s
*   Ethereum address. If so, the endorsement smart contract would check
*   whether the output matches the paymentAmount field value
* transfereeAddress - If an output to the payeeAddress sent from the
*   smartContractAddress matches the paymentAmount field value, the
*   endorsement smart contract would generate a transaction transferring the
*   paymentAmount to the transferee’s Ethereum address using the output
*   received by the payeeAddress as the input for the transaction
*/

transaction Endorsement {
 o DigitalMonetaryAmount paymentAmount
 o DateTime dueDate
 o Double dueBlockNumber optional
 o String payeeAddress
 o String smartContractAddress
 o String transfereeAddress
}