Ko Fujimura and Masayuki Terada have placed their "XML Voucher" into Internet Draft status.
The XML Voucher is the next closest thing to the Ricardian Contract that exists. It differs in many details, but the salient advantage of this form over the Ricardian Contract appears to be its use of XML.
The ID's purpose is to capture some of the details of a retailer's marketing offer, but it does not go so far as to present itself as a contract suitable for securities dealings.
For example, it does nothing towards the Ricardian Contract's rule of one contract . The voucher is a programmatic construct, rather than a readable document.
One thing should be noted: definitions and wider scope of their Voucher Trading System appear in RFC3506, and that document should probably be read first.
Posted by iang at February 24, 2004 10:46 AM | TrackBack