tracs.io creates a global distributed “data store” of universal business “Nouns” and “Verbs” that are applicable to business operations and transactions regardless of location or industry. These “transactions” will be published to a private, known participant blockchain.
A user-defined schema structure for “blocks” are stored in the global data store and published for use. “Observations” will be proper combinations of “Nouns” into a string along with supporting data, as defined in a user-definable schema using XML. Each “Noun” will receive a unique “address” like any other blockchain transaction, as will each “verb”. The data included will reference a publically available schema (XSD) to properly map XML that’s stored in the data block for the entity.
The assembly and decomposition of “verbs” will be potentially complex, requiring the cross-matching of IDs in a variety of blocks.