Closed mwherman2000 closed 5 years ago
Side bar: Should (all forms of) "ledger" be changed to "journal"? ...a serious request (that is not likely to be adopted). Reference: https://www.linkedin.com/feed/update/urn:li:activity:6487812287863283712
In discussions about the future directions for the Indy Wallet, we've talked about the introduction of the subledgers
(https://www.cliffsnotes.com/study-guides/accounting/accounting-principles-i/subsidiary-ledgers-and-special-journals/subsidiary-ledgers) ...which is potentially confuding with the way "ledger" is currently used in the Indy project.
In the real world, what we're calling a "ledger" in the Indy (and most blockchain) projects is actually a journal. Referernce: https://keydifferences.com/difference-between-journal-and-ledger.html#ComparisonChart
Interesting suggestion. I expect the use of ledger lacks the kind of rigor we should aim for. However I'm not sure "journal" is better.
What we really mean is the decentralized data store of record. Or something like that. I hesitate to dive into bike shedding, but certainly "ledger" of any kind is a disservice to DIDs that don't use DLTs, and instead use other storage mechanisms like IPFS or the hypothetical "data" method (similar to the data scheme URLs).
Throughout the document, both "distributed ledger" and "ledger" are used randomly (in place of one-and-other).
Strong suggestion: On first use, "distributed ledger" should appear as "distributed ledger (ledger)". All subsequent references should consistently refer to "ledger" ...only ...as a single word.